Paynet Group sponsors African Banking Technology Conference

The Paynet Group was the lead sponsors of the African Banking Technology Conference, held at Nairobi’s Grand Regency Hotel over 5 – 8 February 2007

Announcing the sponsorship, Bernard Matthewman, Group Managing Director of Paynet, said: “Computing and communications technology is increasingly important for Africa’s banks and other financial institutions to deliver high-quality services for clients – as well spread services to the vast majority of the continent’s un-banked populace.

The involvement by leaders in embracing and using technology to drive businesses is encouraging.
This is why the Group felt it was important to support this regional banking conference to help bankers gain and share knowledge on best practices around the world and regionally. This conference had an excellent blend of banking leaders and technologists that have learned to apply and blend technology into effective products in their unique African markets as well as some recognized international experts”

The conference gathered the continent’s banking fraternity to participate in high-level strategy and technology briefings on the deployment of computing and telecommunications to achieve efficiency, higher profitability and broader spread, according to the organizers, AITEC Africa.

“Africa’s financial sector aspires to world-class systems and standards that match best practices in developed economies. But at the same time, they have to seek growth in the region’s vast majority of unbanked who require low-cost mass banking services. The effective application of IT and telecommunication solutions is essential for developing a profitable balance between these two sides of the banking market,” said Sean Moroney, founder and Chairman of AITEC Africa.

“World-class systems have to be carefully examined and assessed for their appropriateness to extend services to mass, low-income, mostly rural customers – instead of widening the divide between a banking system that serves an urban elite, delivering high-value services to a limited market, and the vast majority of the population that remains unbanked and therefore excluded from the formal economy.”

The event also included a specialized exhibition of banking solutions and services.

The first day of the conference, 6th February, was dedicated to more business related issues, to which business people from financial institutions attended, whilst days two and three had a more technical and process emphasis and accordingly involved persons from technical and operation units.

Click to view the Conference Programme

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