AKANEWSAKANEWS
  • HOME
  • NIGERIA NEWS
  • WORLD NEWS
  • POLITICS NEWS
  • BUSINESS
  • SPORT NEWS
  • OPINION
  • TECHNOLOGY NEWS
  • FEATURES
  • PROPERTY NEWS
  • AKA LIFE
  • AKA ART

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

PDP's deputy national secretary debunks defection rumours

March 27, 2023

Only PDP NEC can suspend me, Ayu boasts

March 27, 2023

APC youth group makes case for zoning of Senate president to Northwest

March 27, 2023
Facebook Twitter Instagram
  • Demos
  • TECHNOLOGY NEWS
  • PROPERTY NEWS
  • Buy Now
Facebook Twitter Instagram
AKANEWSAKANEWS
Subscribe
  • HOME
  • NIGERIA NEWS
  • WORLD NEWS
  • POLITICS NEWS
  • BUSINESS
  • SPORT NEWS
  • OPINION
  • TECHNOLOGY NEWS
  • FEATURES
  • PROPERTY NEWS
  • AKA LIFE
  • AKA ART
AKANEWSAKANEWS
Home » CIBN President calls for more aggressiveness in technology adoption
BUSINESS

CIBN President calls for more aggressiveness in technology adoption

AkanewsBy AkanewsAugust 29, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email



President/Chairman of the Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Ken Opara, has called on banks and other companies to be more aggressive in technology adoption to gain a competitive edge in the corporate space.

Opara gave the charge while speaking at the maiden edition of the yearly Banking and Technology Forum held in Lagos and virtually last week.

He said every business organisation has no option but to work towards becoming “a tech company” if it wants to survive the emerging competition.

“You will agree with me that technology is helping to reframe the business landscape. It is no longer a case of being an esoteric phenomenon that stands apart from specific companies and industries. Rather, every company should now be working actively to become a tech company.

“Smart adoption of the right products and services does not just give you a competitive advantage, it can provide opportunities to increase productivity and efficiency, reduce business costs and grow the bottom line.

“The next generation of mobile technology, for example, is providing increased data at quicker speeds, while adding new features that empower employees to deliver enhanced service to customers and get more done on the go. With the onset of the internet of things (IoT) and big data gathering powered by cloud technology, early adopters will gain an advantage that could be developed into a sustainable edge over the competition,” the CIBN boss said.

He said new technologies are redefining speed to market, quality and purpose-built solutions and that those who would gain an advantage in the areas were first movers in the latest innovations and cutting-edge applications technology churned out daily. Whether in banking, payment system or social services, he said, efficiency would be largely determined by the successful incorporation of third-party technology.

“The financial services industry is going through a significant transformation, as the COVID-19 pandemic triggers a move away from the mindset that physical channels are of prime importance to customers. Digital channels have seen a surge in use across the world. Perhaps the most ubiquitous example is the rapid growth in digital payments and online transactions for banking, asset management and other financial activities,” he said.

Quoting PwC survey, Opara said 74 per cent of Fortune 1000 companies’ executives are engaged in a cloud strategy, while 56 per cent see the cloud as a critical component of growth and innovation. He stressed that evolving technologically is at the heart of efficient customer service.

The forum organised by the CIBN Centre for Financial Studies is a fulfillment of Opara at his investiture some months ago. He promised to push for a more technologically advanced banking sector as part of his cardinal programme to make the financial service sector more attractive to Generation Z.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Akanews
  • Website

Related Posts

ILAN tasks industry stakeholders on sustainable insurance practice

March 28, 2023

United Capital leverages innovation, digitalisation for competitiveness

March 28, 2023

9PSB promotes financial inclusion among youths

March 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

Xiaomi launches Redmi Note 12 Series in Nigeria inspiring users to "live vivid"

March 28, 2023

Brymo Speaks On AFRIMA Award Loss Amid Petition Over Anti-Igbo Comment

March 28, 2023

28-Year Old Transgender Shoots Six People Dead In Nashville

March 28, 2023

Brian Cox, “Meghan Markle's Marriage Horribly Gone Wrong”

March 28, 2023
Top Reviews
Advertisement
AKANEWS
Facebook Twitter Instagram Vimeo YouTube Pinterest
  • HOME
  • NIGERIA NEWS
  • WORLD NEWS
  • POLITICS NEWS
  • BUSINESS
  • SPORT NEWS
  • OPINION
  • TECHNOLOGY NEWS
  • FEATURES
  • PROPERTY NEWS
  • AKA LIFE
  • AKA ART
© 2023 AKANEWS.

Type above and press Enter to search. Press Esc to cancel.