Fintech Confab holds in Kampala next month

Arrangements are in top gear towards the 2019 edition of the annual Africa Fintech Festival which is slated to hold between 5 to 6 November, at the Serena Kampala Hotels, Kampala, Uganda.

The theme of this year’s conference is: The Role of Fintechs in Africa’s Digital Economy and the keynote speaker at the event is Professor Ndubuisi Ekekwe.  He will be delivering a keynote entitled: “Fintech – Africa’s New Growth Operating System”.

The keynote will examine the evolution of financial services and how financial services have reshaped kingdoms and empires, from the barter system through cowry to paper, and now digital.

Speaking on the forth coming event, Ekekwe stated: “If supply chain powers commerce and industry, financial services drive supply chain because in the central nervous system of any economy, financial services are components of the bloodstream.

“Africa Fintech Festival is an exclusive gathering of Africa’s largest financial institutions, best fintech startups, technology companies, industry experts and most active venture investors.”

The festival is an annual point of convergence of ideas, trends, innovations, key debates on wide ranging issues from reg-tech , consumer protection, disruption of savings, credit, insurance and pension value chains, to borderless operations, non-traditional partnerships, and game-changing business models.

Representatives from over 25 African countries – including regulators, policy makers, fintechs, investors, banks (traditional, digital and neo) and more will examine “the role of fintech in Africa’s digital economy.”

The Africa Fintech Festival 2019 is being brought together by the Financial Technology Service Providers Association of Uganda (FITSPA) and Financial Sector Deepening Uganda (FSDU).

Africa is emerging with evolutionary redesigns which will become evident by 2022 when immersive connectivity and smartphone penetration will drive a new level of abundance in the continent. Financial services are already transformed as technology layers are anchoring new redesigns, enabling better efficiencies in the utilisation of factors of production, across regions and markets. The end result is a new species of entities called fintech.

Fintech is a new operating system for Africa’s growth. Since the Tang Dynasty (A.D. 618-907) when the Chinese invented paper money, nothing has promised more opportunities and disruptions in finance than fintech. Technology-running financial services have been providing huge productivity gains for decades, but fintech leveraging a big network called the internet, will unlock new domains of value. Analysts believe that fintech will transform financial services, fixing frictions in African trade and commerce, especially in this age of AfCFTA where borderless unification will engineer new shared prosperity and wellbeing.


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