One of Africa’s biggest financial technology events, the Africa Fintech Summit 2022, opened with a bang on Wednesday.
The hybrid event, which is currently ongoing at The Radisson Blu Hotel at Upperhill, Nairobi, has gathered top fintech experts and business decision-makers from around the world to explore the new and emerging technologies, trends and new business models that will drive the future of fintech across all industries.
The keynote speaker at the event, Jerome Ochieng, PS, Ministry Of ICT, Innovation and Youth Affairs, described the rise of Fintech in Africa as revolutionary and asked the continent’s banks not to be left behind of the changes.
“Banks should focus on customer experience and customer data and analytics to ensure they’re not left behind in the new Fintech world. Banks need to focus on improving the customer experience through digital channels, mobile apps and bots. Banks must also invest in building up their customer data assets so that they can better understand where customers’ habits,” he said.
He also lauded the Kenyan President Uhuru Kenyatta for refusing to sign into law the controversial ICT Practitioners Bill 2020.
dX⁵ (formerly CIO Africa) CEO, Kelly Bently, lauded the event saying it unites the African fintech experts spread across the globe to discuss key issues shaping the sector. She also thanked sponsors and attendees.
Fintech is a $500 billion industry that is growing rapidly: analysts predict it will reach $10 trillion by 2025, with mobile money underwriting much of this expansion. The rise of Fintech has been global in scope: fintech investments have doubled since 2013, with new regional markets emerging as powerhouses for innovation like Kenya and Nigeria.
The Africa Fintech Summit 2022 has been sponsored by leading technology companies including VMware, Incentro Africa, Dimension Data, MetaMap, Finserve, Computer Learning Center, Paix, Trans Business Machines (TBM) and Cellulant. Partners for the event are Little Cab and Craft Silicon.
Below are some of the photos of the event.