Financial Services Innovation Exchange

March 12, 2024 at 9:00 AM - 9:00 PM (EAT)

Windsor Golf Hotel and Country Club (also happening virtually)

welcome

Pioneering the Future of Banking in Africa

As digital markets mature in Africa, the performance gap widens between leading and lagging banks, with digital front runners achieving four times better results than their counterparts, according to McKinsey. Consequently, digital transformation and innovation stand out as paramount priorities for many banks. On the corporate front, Access Bank's analysis indicates that Africa hosts over 400 companies with annual revenues exceeding $1 billion. With the African Continental Free Trade Area fostering connections among numerous countries, a surge in trade appears imminent.

Speaker List

However, African banks face significant operational costs, boasting an average cost-to-asset ratio of 4 to 5 percent — nearly double the global average, as reported by McKinsey. For instance, since 2016, profitability in Africa's five major banking markets (Egypt, Kenya, Morocco, Nigeria, and South Africa) has steadily declined, dropping by an average of two percentage points over six years.

In light of these challenges, including the imperative to enhance efficiency, contend with increased competition, adapt to evolving regulations, expedite digitalization, and seize growth opportunities, the question arises: How can banks navigate these complexities?

Oracle's Innovation Exchange event is offering you an opportunity to delve into the future of digital technologies and payments in Africa. Come join us!

topics

What to expect

Discover strategies to enhance efficiency amidst changing regulations and increased competition

Gain insights on engaging dynamic demographics, understanding their unique banking preferences, and capitalizing on the region's impressive digital adoption potential

Uncover how cutting-edge technologies are revolutionizing identity verification, reducing onboarding friction, and enhancing overall customer satisfaction

Discover how digital startups are leveraging unique solutions to address the financial inclusion gap, offering opportunities for collaboration and growth

Understand how ISO 20022 is transforming payment systems, reshaping Africa's payment landscape by driving interoperability and efficiency

Speakers

Moderator

Phil Boyall

Business Development Director - Corporate and Transactional Banking Africa, Oracle Financial Services

Nadim Madi

Director - Solution Consulting UAE, Oracle Financial Services

Dr Habil Olaka, EBS

Chief Executive Officer, Kenya Bankers Association

Sunay Mruthyunjay

Senior Director - Product Strategy, Oracle Financial Services

Moderator

Harry Hare

Co-Founder and Chairman, dx⁵

Srividya R Subramanian

Global Lead - META and APAC, Traydsream

David Bunei

Kenya Country Leader and Sales Director Cloud Systems - West and East Africa, Oracle

George Wakaria

Treasury and Trade Solutions Head for Kenya and East Africa, Citi East

Aalok Yakhmi

Associate Director, KPMG

Moses Ayoola

CIO, Access Bank PLC

Sitah Lang'o

Regional Country Manager - East Africa, SWIFT

Francis Ekemu

Head of IT, EADB

Josephine Mwangi

Corporate and Investment Banking / Trade Product and Sales Manager, Stanbic Bank

Jeremiah Mutune

Head of Digital Trade Finance and Working Capital Products, Absa Bank Kenya

Dr Philip Oti-Mensah

Executive Director, OmniBSIC Bank

agenda

Agenda

Day 01

March 12, 2024

08:30 AM - 09:30 AM

Breakfast and Networking

09:30 AM - 09:35 AM

Welcome Remarks by CIO Africa

Harry Hare

Co-Founder and Chairman, dx⁵

speaker

09:35 AM - 09:45 AM

Opening Remarks by Oracle

Sunay Mruthyunjay

Senior Director - Product Strategy, Oracle Financial Services

speaker

09:45 AM - 10:05 AM

Keynote

Shaping the Next Chapter in African Banking

The banking sector in Africa finds itself at a crucial juncture in its transformation journey. While milestones have been achieved, challenges remain around navigating increased competition, evolving regulations, digitalization, profitability, and growth. To thrive amidst these complexities, banks must embrace emerging opportunities like digital onboarding, financial inclusion, and originations across the continent. Seamless customer experiences, remote account opening, and innovative lending products can accelerate growth. Equally pivotal is the evolving landscape of digital payments with the ascent of networks like PAPSS that promise pan-African interoperability. As pioneers steer the industry forward, a collaborative approach towards addressing pain points can unlock mutual value and shape a more robust financial ecosystem. Though the path has obstacles, greater financial access and efficiency is within reach.

Dr Habil Olaka, EBS

Chief Executive Officer, Kenya Bankers Association

speaker

10:05 AM - 10:15 AM

Empowering Financial Services Industry with Technology and Transformation Strategies

Presentation and precursor of the next session.

Aalok Yakhmi

Associate Director, KPMG

speaker

10:15 AM - 10:50 AM

Fireside Chat

Empowering Financial Services Industry with Technology and Transformation Strategies

Industry Insights
Discover technology and transformation strategies to optimize operations, enhance customer experiences, and drive sustainable growth. Witness how the sheer power of modern technology can meet the ever-increasing demands of today's digital ecosystem. Dive into the transformative strategies that have revolutionized the way banks operate in the digital age, from machine learning to cloud computing. Learn about the rapid uptake of SaaS (Software-as-a-Service) and its pivotal role in shaping the future of banking by enabling scalability, accessibility, and innovation. As pioneers steer the industry forward, technology will be the vehicle that allows banks to achieve operational excellence and create seamless customer journeys. By harnessing these digital capabilities and leading with a transformational mindset, banks can unlock tremendous value and sustain growth even amidst disruption.

Sunay Mruthyunjay

Senior Director - Product Strategy, Oracle Financial Services

moderator

David Bunei

Kenya Country Leader and Sales Director Cloud Systems - West and East Africa, Oracle

panelist

Aalok Yakhmi

Associate Director, KPMG

panelist

10:50 AM - 11:20 AM

Delivering Fast, Innovative and Frictionless Digital Onboarding and Originations

Oracle Insights
Glimpse into the future of customer-centric origination processes that offer fast, innovative, and frictionless experiences during onboarding and product origination. Explore next-generation digital onboarding solutions that are redefining the customer initiation journey with streamlined workflows for a truly cohesive experience. Dive into the intricacies of product origination and decision-making to ensure a responsive and efficient process from application to approval. Uncover industry-leading technology architecture practices involving cloud, API ecosystems, and microservices that lay the foundation for origination innovation and seamless operations. As pioneers steer the industry forward, customer-centric origination powered by digital agility will unlock immense value by accelerating financial inclusion, reducing attrition, and driving growth through delighted customers.

Nadim Madi

Director - Solution Consulting UAE, Oracle Financial Services

speaker

11:20 AM - 11:50 AM

Tea Break

11:50 AM - 12:30 PM

Panel Discussion

Revolutionizing Onboarding and Originations in African Banking

Embark on a compelling panel discussion where banking executives delve into the transformative strategies as they reimagine the critical processes of onboarding and originations. The session promises to offer valuable insights and highlight key metrics shaping the landscape of customer engagement in the region, such as digital onboarding metrics and turnaround time (TAT).

Harry Hare

Co-Founder and Chairman, dx⁵

moderator

Moses Ayoola

CIO, Access Bank PLC

panelist

Francis Ekemu

Head of IT, EADB

panelist

Sunay Mruthyunjay

Senior Director - Product Strategy, Oracle Financial Services

panelist

12:30 PM - 01:10 PM

Panel Discussion

Fast Forward - Accelerating the Digitization of Corporate and Transaction Banking

Delve into cross-border transactions, the advent of instant payments, and the transformative ISO 20022 migration, exploring the impact on corporate and transaction banking. Embark on a transformative journey as we fast forward into the accelerated digitization of corporate and transaction banking.

Discover how to empower corporate customers with advanced control over working capital through innovative cash management, liquidity management, and virtual account management solutions. Gain insights into streamlining the credit assessment process to make faster, data-driven credit decisions and provide more accurate, efficient solutions for corporate clients. Also explore the frontiers of global payments, from real-time visibility with SWIFT gpi to the cross-border transaction revolution and ISO 20022 migration that enables instant settlement. As pioneers steer the industry forward, corporate banking innovations that boost efficiency, control and transparency will help unlock immense value