Financial Technology: NDIC Hosts International Virtual Conference

The Nigeria Deposit Insurance Corporation (NDIC) is organising a two-day Virtual International Conference with the theme “Financial System Stability, Fintech and Emerging Risks: Challenge for Bank Supervisors from Thursday, 22nd to Friday, 23rd October 2020.

In a statement signed by the Director, Communication & Public Affairs, Bashir Nuhu, NDIC said the Conference, which is the first of its kind to be hosted by a Deposit Insurance System (DIS) in the African region, is necessitated by emerging developments and the effects of Fintech on financial system stability and COVID-19 pandemic.

“The Conference is bringing together speakers & participants from the International Association of Deposit Insurers (IADI), World Bank, International Monetary Fund (IMF), sister deposit insurers, supervisory & resolution authorities, as well as professionals & practitioners in the financial systems across the globe.” The statement read.

Some of the local participants are being drawn from the Central Bank of Nigeria (CBN), FITC, Chartered Institute of Bankers of Nigeria (CIBN), Independent Corrupt Practices Commission (ICPC), Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), among others.

According to the statement, the Conference is part of effort to promote knowledge and experience sharing amongst key stakeholders on Fintech, as well as provides opportunity to promote broad discussion on policy options to address emerging risks and opportunities associated with Fintech.

The two-day virtual Conference will address pertinent topics such as: How Big Tech and Asian Banks are Reinventing Banking; Emerging Issues on Cyber Risks; Artificial Intelligence, Machine Learning; and Consumer Protection in the Fintech era among others.

The Chairman, NDIC Board of Directors, Ibironke Sokefun, is scheduled to give the Opening Remarks, while Managing Director/Chief Executive of the Corporation, Umaru Ibrahim will give the Welcome Address. The Secretary General of International Association of Deposit Insurers (IADI), David Walker, will deliver Keynote Remarks.

Comment here