Africa Fintech Summit recognizes Ecobank with excellence award

Africa Fintech Summit has awarded Ecobank Group with the “Excellence in Fintech-Banking Relationships” award in recognition of the bank’s activities to support and facilitate fintech growth on the African continent.

The award was given at the Summit’s last meeting in Washington DC, United States of America. 

Africa Fintech Summit is a global knowledge-sharing platform that connects innovators, regulators and entrepreneurs, facilitating conversations and partnerships that help them explore financial technology solutions to improve African individuals, economies and societies.

The summit is held twice a year in Washington D.C. and sees stakeholders from around the world assemble to chart a progressive course for fintech in Africa by mobilizing investments, hashing out enabling policies, and sharing growth strategies.

The Summit, which was the seventh edition of the bi-annual event, also recognized 13 other fintechs.

Group Executive, Operations & Technology, Ecobank, Dr. Tomisin Fashina, who received the award on behalf of the bank, said the award is well deserved as it was attributable to the Pan African Bank’s unparalleled influence in Africa.

We see ourselves as a key player in the African Continental Free Trade Area (AfCFTA), and we believe we are the ultimate bank to facilitate trade across Africa.

Also are its unwavering support and numerous initiatives aimed at fostering relationships with fintechs to jointly win in the marketing place, stressing that Ecobank has put structures and initiatives in place to collaborate and cooperate with fintechs to facilitate the bank’s vision of financial integration of Africa.

He continued: “As a bank, one of our strategic objectives is to bank 100 million Africans, across Africa. We won’t go out there with account opening documents to do this. We believe we can achieve that by collaborating and cooperating across board, and fintechs come into that space.

“We came out with ‘Ecobank as a service’, this is at the heart of why we published our sandbox to encourage fintechs, big techs and any player that wants to do business in Africa to ride on our platforms and help facilitate our vision of a financially integrated Africa.

“We see ourselves as a key player in the African Continental Free Trade Area (AfCFTA), and we believe we are the ultimate bank to facilitate trade across Africa.”

To this end, Ecobank Fintech Challenge launched in 2017, identifies and partners with fintechs that are ready to scale, providing them with mentoring, networking, support, and opportunities to access its 33 African markets, as well as opportunities to integrate with existing Ecobank digital offerings.

Also, Ecobank’s Pan-African Banking Sandbox allows partners and Fintechs across 33 African countries to gain access to its application programming interface to develop innovative financial solutions.

As an avenue for collaboration between Ecobank and fintechs to develop the fintech ecosystem in Africa, Ecobank’s sandbox is an era-defining game changer for Africa’s financial sector.

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