KPMG Digital Summit 2017 is a sequel to the Fintech Summit which was held in November 2016
1 November 2017, 8:00AM - 1:00PM, WAT Lagos, Nigeria
The digital and financial services industry have continued to show significant developments with the entry of new innovative technology solutions, emergence of new digital business models, increasing adoption of Fintech services and perhaps more conspicuously, growing local and international investments in technology innovation. For discussions around these trends and on the theme ‘Leading through Digital’; on November 1, 2017, Lagos witnessed a landmark gathering of technology, digital and financial services thought leaders and professionals for the KPMG Digital Summit 2017. The summit which held in Eko Hotel, Lagos was a sequel to the 2016 KPMG Fintech Summit.
Welcoming the audience, Bisi Lamikanra, Partner and Head of Advisory services, KPMG in Nigeria, explained that KPMG organized the summit to provide a forum for the promotion and exchange of ideas that will shape and eventually advance the digital ecosystem in Nigeria.
The discussions kicked off with a presentation on the future of financial services by Boye Ademola, Partner & Lead, Digital Transformation at KPMG in Nigeria. In his talk, Boye noted that the 10 most valuable companies in the world are digital and that businesses that will lead must lead through digital; as investments in digital will be a key differentiator.
A prevalent call that was reiterated by many speakers at the summit is the need for increased collaboration between technology companies, innovators, the government and other related regulatory bodies. During his talk, Dorel Blitz, the Head of Fintech at KPMG in Israel remarked that, “the future of financial services will be effortless banking, contextual advice and liberated experience. In order to lead through Digital, organizations must see data as a valued asset that can be monetized for joint competitive advantage”.
The event also featured two interesting panel discussions; the first of which examined the different ways that open APIs drive digital innovation and collaboration in financial services. Panelists for this session included Ladi Asuni, an Associate Director at KPMG Nigeria; Deji Oguntonade, the Divisional Head, Fintech & Innovation, GTBank Plc; Victor Okigbo, the Group Head, Financial Technology & Innovation, Access Bank Plc and Program Director, The Africa Fintech Foundry; Adedeji Olowe, the Executive Director, Products & Services, SystemSpecs Limited; and Shola Akinlade, Co-founder & CEO of Paystack.
The second panel discussion was on ‘The role of government and regulators in the evolution of fintech’, and it featured discussants including Ngozi Chidozie, a Partner in the Management Consulting practice of KPMG Nigeria, Dipo Fatokun, Director of Banking & Payments System Department, Central Bank of Nigeria; Adebisi Shonubi, the Managing Director of Nigeria Inter-Bank Settlement System Plc; Bunmi Akinyemiju, MD/CEO of Venture Garden Group; and Iyinoluwa Aboyeji, Co-Founder & Managing Director of Flutterwave.
The summit also featured a case studies by successful Nigerian Fintech companies Including PayLater, CoinWise, Flutterwave, ALAT by Wema, Riby Finance.
A key event at the summit was the launch of a new publication by the Technology Advisory practice of KPMG in Nigeria titled, ‘Leading through Digital’. The publication shares KPMG’s insights on how digital platform businesses can build up their customer base exponentially, win the customer and user experience challenge, accelerate time-to-market for products and services through Open APIs, delight customers and engender advocacy by leveraging the power of Analytics, Robotics & AI; the publication also explains how to scale quickly by riding on the Cloud.
For additional information about the Summit, please feel free to contact us.