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West Africa's banking sector has experienced a remarkable transformation over the past decade, spurred by digitalization, regulatory reforms and shifting customer demands. This evolution is fueling the growth of small- and medium-sized enterprises (SMEs), the linchpin of West African economies and the broader industrial sector. Digitalization is spearheading this transformation. High mobile penetration rates in the region, coupled with the proliferation of fintech startups, have facilitated the widespread adoption of mobile and online banking. This shift has brought about a more inclusive financial system, allowing banks to tailor financial products and services to the needs of SMEs and industrial firms. West African regulatory bodies have been proactive in creating an environment conducive to SME and industrial growth. The Central Bank of Nigeria, for example, established the $550 million Micro, Small, and Medium Enterprises Development Fund to enhance SMEs' access to finance.
Although significant strides have been made, the potential for further growth is vast. The World Bank estimates that there is a $331 billion credit gap for SMEs in Sub-Saharan Africa, underlining a significant opportunity for banks.
This banking evolution is signaling the dawn of a new era of empowered SMEs and industrial developments in West Africa. Banks, through their increased recognition of the potential of these sectors, along with their willingness to innovate, can continue to play a crucial role in fueling economic growth in this region. By harnessing technology, adopting innovative lending practices and collaborating with other sectors, financial institutions can unlock the immense potential of West Africa's SMEs and industrial sector, fostering sustainable economic growth in the region. The transformation of West Africa's banking sector from a traditional, conservative industry to a dynamic, innovative force is an inspirational story of resilience, innovation and growth. As this transformation continues, we can expect to see a more vibrant, inclusive and prosperous West Africa.
Join us at this exclusive roundtable together with like-minded industry practitioners, fintech partners and Finastra, to address and tackle challenges encountered by banks and FIs in the region.
EVENT SNAPSHOT - KEY INSIGHTS
Deep-dive into industry trends, market conditions, and technological innovations shaping the corporate banking world in the West-African market
Hear from our partners and Finastra leadership on how they are collaborating in a world of open finance to deliver success
Real-world case studies from industry peers undergoing transformative journeys
WHAT TO EXPECT
Exclusive invitation to the event, followed by a sumptuous networking cocktail reception
EXCLUSIVE BUSINESS EXCHANGE
Maximise your business exchange outcomes
AWARD WINNING SOLUTIONS
Witness the innovative solutions that are transforming the treasury industry
CONNECT WITH THE BEST
Exchange Business Cards with Key Industry Leaders
THE FORUM PANEL
To be announced
OUR UNIQUE FORMAT
WHAT BETTER NETWORKING OPPORTUNITY THAN A FIVE-STAR LUNCH, SERVED WITH A BOTTOMLESS SUPPLY OF DELICIOUS BEVERAGES. DELEGATES CAN EXPECT EXCEPTIONAL SERVICE AND ATTENTION.
OBSERVE AND PARTICIPATE IN HIGHLY FOCUSED & ENGAGING PANEL DISCUSSIONS WITH YOUR PEERS WHO ARE HAND-PICKED INDUSTRY EXPERTS. HEAR FIRST HAND FROM SENIOR INDUSTRY PRACTITIONERS ABOUT THE CHALLENGES THAT THEY'RE FACING, PREPARING FOR UPCOMING REGULATIONS & BEST PRACTICES THAT ARE MARKET SPECIFIC
GET A FRONT ROW SEAT TO AWARD WINNING SOLUTIONS THAT ARE TRANSFORMING DEPARTMENTS AND THE OPPORTUNITY TO ASK KEY QUESTIONS DIRECTLY TO PRODUCT SPECIALISTS AND PRACTITIONERS WHO ARE ACTUALLY USING THE SOLUTION.
THE SOLUTION PRESENTATION
TAKE THE OPPORTUNITY TO ASK QUESTIONS ANONYMOUSLY OR OPENLY USING OUR QUESTION APP. RAISE QUESTIONS, TAKE PART IN LIVE POLLS AND UPVOTE YOUR FAVOURITE QUESTIONS.
LIVE ANONYMOUS QUESTIONS DURING SESSIONS
WHEN ALL IS SAID AND DONE, DELEGATES WILL HAVE THE OPPORTUNITY TO NETWORK, EXCHANGE BUSINESS CARDS AND ARRANGE FOLLOW UP MEETINGS.
NETWORKING & BUSINESS CARD EXCHANGE
ALL DELEGATES WILL HAVE COMPLEMENTARY ACCESS TO FOLLOW UP WEBINARS.
COMPLIMENTARY POST EVENT WEBINAR
For more information about the event, you can access the full event Agenda here:
FINASTRA CORPORATE BANKING BUSINESS FORUM
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