<p>“The fast growing young population –115 million people below the age of 35, exponential growth of mobile phone lines, huge financial inclusion potential are pertinent indicator of Fintech opportunity.”</p>



<p>This  ;candid
observation by  ;Boye Ademola, Partner, KPMG,
US, resonated, once again, at the June 20 Akindelano Legal Practitioners, ALP,
Seminar Series which held at Oriental Hotel, Lagos.</p>



<p>The ALP annual forum is the law firm’s Corporate Social
Responsibility, CSR, “designed to evoke discourse regarding commercial and
legal issues facing executives and decision makers ; and stimulate innovative strategies and
outline pragmatic solutions”</p>



<p>Themed “The role of Fintech and digital finance in
Nigeria’s economy,” Fintech operators and agents-super and aggregators-in the
digital payment and distribution chain, outlined the already known challenges associated
with Nigerian thorny business terrains and sought for solutions. </p>



<p>Panelists, made up of seasoned and tested hands
unanimously advocated an improved data ecosystem even as Fintech promises
better focus on women with a corresponding “innovative service.”</p>



<p>Meanwhile,  ;Fidelity Bank Plc has stated through its Group
CEO, Nnamdi Okonkwo ; that “under the
banks’s five-year plan which was crafted in 2017 and commenced on January 1,
2018, we got one of the big four consulting firms to do a full global analysis
of Fintechs and how we can collaborate with them. </p>



<p>Part of our engagement strategy is partnership. Through
collaborating with a Fintech, we migrated their entire transactions to the
cloud. This has worked so efficiently well in the last one and half years
without fail,” Okonkwo said.</p>

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