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AITEC Banking & Mobile Money COMESA, 2011

2-3 March 2011

Kenyatta International Conference Centre (KICC) Nairobi, Kenya

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Event Report for 2011 now available - email info@aitecafrica.com for your copy.

 

To download the presentations for 2011 please click here.

 

Innovation for a new era of financial inclusion and integration

Winners of the Banking & Mobile Money COMESA 2010 Best Stand Award: Technology Associates.

African banks have a great challenge in overcoming their heritage of colonial banking, which is designed to cater for government, corporate and high-worth individuals. The bottom part of the pyramid has been badly neglected. So now the mobile operators are setting the pace in terms of providing low-cost banking services and the traditional banks have to catch up. This they can do not only through technological innovation, but also through a customer-oriented corporate culture and service innovation.

The Challenge and Opportunities of Mobile

Mobile banking is the future, not a fad. Because most central banks are also tied into the old banking paradigm, they don’t fully understand the dynamics of mobile banking, worry about the risks involved and therefore resist it. No doubt they are also encouraged to do so by the banks who don’t want mobile operators encroaching into their space. Kenya is a notable exception. There, the Central Bank has taken the risk of allowing mobile operators to provide money transfer services – and it has benefited millions of Kenyans and reduced money transfer costs substantially. Money moves around the economy far more efficiently and quickly and in that sense, a higher level of financial inclusion has been achieved.

Regulation vs Innovation

Regulation and innovation have to find an optimum coexistence. In order to encourage innovation and financial inclusion, positive, creative regulation is needed, rather than restrictive regulation. And communication is the key, in order to avoid the growth of misinformation and misconceptions in the market. Kenya’s enabling regulatory environment didn’t happen overnight. It took months, even years, of creative dialogue, negotiation and lobbying. But for this to happen there had to be enlightened leadership in the Central Bank that kept the door open – and didn’t allow the threat of uncertainties and unknown consequences block out wider societal considerations like financial inclusion.

Delegates at the opening session of AITEC Banking & Mobile Money COMESA 2010.

AITEC Banking & Mobile Money COMESA 2011 will engage with bank customers by inviting them to attend the exhibition and experience the new services available today through the wide range of new payment technologies being offered by banks.

The exhibition will be a live laboratory platform to demonstrate world class banking services powered by latest payment technologies. It will provide a showcase for technology manufacturers and vendors to demonstrate their latest products and systems to enhance East Africa’s rapidly growing financial services sector.

Networking at AITEC Banking & Mobile Money COMESA 2010 held at the KICC, Nairobi, Kenya.

Conference

The event includes a two-day conference which provides a valuable educational forum for the financial services sector, updating CXOs and IS managers on latest international developments in payment technologies, best practices in IT project deployment, and latest trends in customer service delivery.

At whom is the Conference aimed?

The event will have several key audiences:

 

 

• ICT managers & professionals in the banking and financial services sector
• Policy-makers
• Banking & Mobile regulators
• High-level managers at CEO, COO and CFO level
• Innovators and service providers active in the financial services sector
• Telecom operators and service providers
• NGOs/civil society organisations directly involved with delivering banking or microfinance services in rural areas.
• Media representatives

AITEC Banking & Mobile Money COMESA, 2011
Sponsors

Computing Telecommunications Africa
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