{"id":210703,"date":"2021-12-06T14:36:11","date_gmt":"2021-12-06T12:36:11","guid":{"rendered":"https:\/\/mypr.co.za\/?p=111034"},"modified":"2021-12-06T14:36:11","modified_gmt":"2021-12-06T12:36:11","slug":"the-2022-african-banking-trends-unpacked-at-innovative-banking-webinar","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/the-2022-african-banking-trends-unpacked-at-innovative-banking-webinar\/","title":{"rendered":"The 2022 African banking trends unpacked at innovative banking webinar"},"content":{"rendered":"

<\/a><\/p>\n

Financial industry experts joined the speaker panel at the free-to-attend 2021 Future of Banking webinar on Tuesday, 30 November where they discussed the key \u2018Megatrends Reshaping Banking in Africa\u2019. Hosted by CNBC Africa and sponsored by Euro Exim Bank and Liquid Intelligent Technologies, the webinar outlined the digitally-driven changes in banking and what needs to be done to stay relevant.<\/p>\n

The top 4 emerging trends in African banking<\/p>\n

1. Mobile banking
With the drive of mobile use in Africa against a backdrop of limited technological access, online banking channels are emerging as the preferred form of engagement. Banks are now pushing a mobile-first strategy either in the form of mobile-only bank brands or enhanced mobile apps with features such as virtual assistants.<\/p>\n

2. Digital-only banking
The acceleration of the digital-first economy means that the new normal in banking is engagement through a digital interface \u2013 or neo-banks. There\u2019s a shift from branch-heavy interactions and product-centric organisations to more seamless digital consumer experiences. Traditional banks are exploring technological solutions to keep up with the neo-bank model.<\/p>\n

3. Open banking and Fintech
Banks are being forced to re-think the customer\u2019s journey in a digital world. This has seen fintech providers emerge as potential rivals to the growing adoption of open banking. Open requires banks to make their own APIs (Application Programming Interface) more accessible so that third parties can create new products and services on top of the data. This has seen banks collaborating with Fintech to achieve this goal.<\/p>\n

4. Cyber risk and financial crime
The digitisation of banking comes with risks associated with cyber-crime. Regulators are now tightening compliance to address the rise of more complex and sophisticated financial crimes. Banks are having to embrace advanced technologies like analytics and artificial intelligence to address this threat.<\/p>\n

\u201cComputers may just be the cheat-code for our civilization to progress and advance at a lightning speed, but it is also tremendously vital to protect this asset like we protect our health, our house and our savings,\u201d explained Ignus de Villiers, Group Head of Cyber Security for Liquid Intelligent Technologies South Africa.<\/p>\n

\u201cOur responsibility lies in protecting sensitive data and information that is stored electronically. With technology advancing by the day, the level of threat from cyber-attacks has also increased with time. Businesses are especially vulnerable as most of the sensitive company information is stored online \u2013 but individuals can succumb to such attacks too. That is what makes cyber security so indispensable because anyone can be exposed anywhere in this digital economy. \u201c<\/p>\n

The 2021 Future of Banking webinar welcomed industry leaders to unpack these trends in panel discussions. Joining on the day were:<\/p>\n

\u00b7 Bongiwe Kunene, Managing Director for The Banking Association South Africa (keynote speaker)
\u00b7 Dr Graham Bright, Head of Compliance and Operations at Euro Exim Bank Ltd
\u00b7 Andy Jury, Group CEO of Mukuru
\u00b7 Vimal Kumar Ambat, CEO of Airtel Money, Airtel Africa Operations
\u00b7 Samuel Sule, Director and Head of Financing of Renaissance Capital
\u00b7 Anton van der Merwe, the COO at Ukheshe Technologies
\u00b7 Mayowa Kuyoro, a partner at McKinsey\u2019s Lagos office and a leader of McKinsey Africa\u2019s Financial Institutions practice
\u00b7 Marcin Nadolny, the Head of EMEA Banking & Insurance Fraud at the SAS Institute
\u00b7 Ryan Mer, the CEO and co-founder of eftsure Africa
\u00b7 Kelly Parhurst, Head of Product Design. Absa CIB<\/p>\n

For those who missed the live event, the highlights of these informative discussions are available at https:\/\/www.youtube.com\/watch?v=c1hV4ZJ5b58<\/p>\n

To find out more about our sponsors, visit:
Euro Exim Bank: https:\/\/vimeo.com\/tbdmediagroup\/review\/599427888\/4559a49485
Liquid Intelligent Technologies: https:\/\/www.youtube.com\/watch?v=PxU65bsEBl4
For more event updates, follow @forbesafrica and @cnbcafrica, using the hashtag #FOB2021 #FutureOfBanking.<\/p>\n

Contact details:
Sponsorship and exhibition opportunities: sales@abn360.com
Media-related enquiries: yolande.dutoit@abn360.com
Event-related queries: alice.maile@abn360.com<\/p>\n

CLICK HERE to submit your press release to MyPR.co.za<\/a>.<\/p>\n

Pages: Page <\/span>1<\/span> Page <\/span>2<\/a><\/div>\n

Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Financial industry experts joined the speaker panel at the free-to-attend 2021 Future of Banking webinar on Tuesday, 30 November where they discussed the key \u2018Megatrends Reshaping Banking in Africa\u2019. Hosted by CNBC Africa and sponsored by Euro Exim Bank and Liquid Intelligent Technologies, the webinar outlined the digitally-driven changes in banking and what needs to […]<\/p>\n","protected":false},"author":1,"featured_media":210704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021,1],"tags":[3257],"class_list":{"0":"post-210703","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mypr","8":"category-south-africa","9":"tag-mypr","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2021\/12\/the-2022-african-banking-trends-unpacked-at-innovative-banking-webinar.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/210703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=210703"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/210703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/210704"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=210703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=210703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=210703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}