Fintech Association of Nigeria has held its 2019 Annual General Meeting at the Nigeria Stock Exchange house in Marina, Lagos.
The AGM was an opportunity for the Governing Council led by the President Dr Segun Aina to engage members and stakeholders on the key developments in 2018 and strategise for 2019 and beyond.
In his statement Dr Aina said the Association since inception in 2017, has continued to pursue a three level mandate of Connect, Accelerate and Advocate for the development of the fintech ecosystem in Nigeria and Africa.
According to him in 2018, Fintech Nigeria’s proposal to the Capital Market Committee and the Securities and Exchange Commission, led to the creation of an industry-wide committee for fintech adoption in the capital market which is chaired by the Vice-President of the Association.
Speaking further Aina said the Association developed new local, continental and global partnerships and was instrumental to the process that led to the establishment of the Africa Fintech Network in December 2018 in Lagos, Nigeria.
In the area of membership the President reported that membership increased from 13 founding members in 2017 to 63 in 2018, and is now 77 in 2019.
The Secretary of the Association Mr Isa Alade listed the following as major achievements in 2018 ;
• Facilitating the Adoption of the Fintech Roadmap in the Capital market
• Participation in the CBN FSS 2020 Strategy Retreat
• Significant membership increase
• Inauguration of the Africa Fintech Network
• Establishment of the UK-Africa Investment Group
• Creation and Leadership of the Fintech Sub-Committee of Nigeria Economic Summit Group
• Roll out of Fintech vision 2019-2021 (The Roadmap)
In the area of Roadmap, the Association set the following as its strategic goals between 2019-2021;
• To be the partners, drivers and thought leaders of the Fintech landscape
• To promote the growth of Fintech in Nigeria through networking, innovation and collaboration.
• To be the go-to Association for Fintech and other innovative technologies in Nigeria and Africa.
• The Association also highlighted that it will look at three core areas namely;
• Diversification of funding,
• Creation of new membership categories to accommodate individuals and professional students and academic membership
• Establish a secretariat that will manage and coordinate the activities of the Association.
The event also featured an interactive session between the Associations governing council and members.
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