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AITEC Banking & Mobile Money West Africa 2011

8-9 June 2011

Accra Ghana

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To download the presentations for 2011 please click here.

 

 

Theme: Driving trade and investment through financial integration 

 

 

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. To make it worse, they try to emulate Northern Hemisphere banks, which have hardly set good examples in terms of serving society and maintaining good governance. So now the mobile operators are setting the pace in terms of providing low-cost banking services and the banks are scrambling to catch up. This they have to do not only through technological innovation, but also through a customer-oriented corporate culture and service innovation.

Some of the conference delegates at Banking & Mobile Money West Africa 2010.

The Challenge and Opportunities of Mobile Banking

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 t he economy far more efficiently and quickly and in that sense, a higher level of financial inclusion has been achieved.

A Nigerian company discussing its products at Banking & Mobile Money West Africa 2010.

Regulation vs Innovation

Regulation and innovation have to find an optimum coexistence. In order to encourage innovation and financial inclusion, positive, creative regula tion 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 uncert ainties and unknown consequences block out wider societal considerations like financial inclusion.

Delegates meet the exhibitors at  Banking & Mobile Money West Africa 2010.

These are some of the key issues to be covered in AITEC’s Banking & Mobile Money Conferences in 2011.

Delegates nertworking at Banking & Mobile Money West Africa 2010.

 

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.

Accra International Conference Centre, exhibition hall.

AITEC Banking & Mobile Money West Africa 2011
Sponsors

Computing Telecommunications Africa
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