Financial technology will be critical to the development of Africa and Lagos is at the center of this.
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Consumers want faster,
smoother, digital onboarding. Organizations
that do not strive to adapt will overtaken by
those that do @EmekaOkoye@eagha@jamesagada
DIGITAL ONBOARDING
A fully digital onboarding process involves
identity verification, identity validation (such
as screening against various registries),
electronic signing and easy, secure login to
encourage high customer engagement.
DIGITAL ONBOARDING
Regardless of the country, it is possible
to onboard customers digitally and meet
regulatory requirements such as KYC and
AML. @EmekaOkoye@jamesagada
China has gone from having almost no leadership positions within the International Standards Organization in 2006 to leading 64 of roughly 740 technical committees and subcommittees, compared to 104 for the United States. @EmekaOkoye
The greatest inhibitors were: Customer Onboarding Policies for Banking and Other Financial institutions (BOFI), The Finance Act 2020, and Poor Infrastructure and Competition dynamics that fail to leverage the Telcos optimally, in that order-LBS
INCLUSIVE DFS
Greatest enablers of inclusive product
development were: the Cashless Policy, Tiered KYC, National Financial Inclusion Strategy, Agent Banking Licensing, Framework and Regulations and the Microinsurance, Takaful and Bancassurance Guidelines, in that order-LBS
BIDENNOMICS
US Govt may shed some of its free-market orthodoxy and take a bigger role in the economy to counter China and its growing high-tech exports.@EmekaOkoye@jamesagada
DATA IS THE AIR NOT OIL ANYMORE
some people used to say that “data are the new oil.” But today some people say data are not the new oil anymore, it is the air @EmekaOkoye@jamesagada