<p>The Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated as a keynote speaker in the Annual FinTech &; InsureTech Summit held at Sofia Event Center, Bulgaria on 27 February 2020. The FirstBank Chief delivered a keynote speech on the topic “Banks and Clients, the New Story of Empowerment, Value Creation and Technologies”</p>



<p>A statement signed
by Folake Ani-Mumuney, the bank’s Group Head, Marketing &; Corporate
Communications, and made available to OpenLife stated that the summit served as
a platform for in-depth knowledge sharing, networking, partnerships and
collaborations amongst participants with a view to showcase products across
various industries thereby promoting foreign investment amongst countries. The
summit had over 700 global leading finance practitioners, decision-makers from
the financial sector notably; banks, payment providers, insurance and pension companies,
IT experts, founders of FinTech companies, government and regulatory
associations from all over the world.</p>



<figure class="wp-block-image size-large"><img src="https://openlife.ng/wp-content/uploads/2020/03/Fintech-Sofia-1-President-of-the-Republic-of-Bulgaria-1-1024x683.jpg" alt="" class="wp-image-2506"/><figcaption><br><strong> Bulgarian President, Rum,en Radev {L} Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited {R} during a courtesy visit by Dr. Adeduntan to the President in Sofia, Bulgaria. </strong></figcaption></figure>



<p>Deliberations in the course of the conference centred on ;various
topical issues that would ;deepen financial inclusion and innovation
capabilities, improve speed to market with digital innovation product and
services ;and sustainable financial system where finance delivers positive
ecosystem.</p>



<p>In delivering the
keynote address, Dr. Adeduntan highlighted that; “FirstBank is at the forefront
of banking industry innovation, making sure that it leverages innovation to
deliver shareholder value and improve customer experience with the latest
FinTech innovations and new trends in the Financial Services space.  ;</p>



<figure class="wp-block-image size-large"><img src="https://openlife.ng/wp-content/uploads/2020/03/Picture-5..-1024x683.jpg" alt="" class="wp-image-2507"/><figcaption><strong><br> L-R: Mr. Tunde Oladele, CEO, Software Group; Mr. Olayinka Situ, Group Head, Corporate Transformation, FirstBank; Dr. Adesola Adeduntan, CEO, FirstBank and Filip Genov, Co-Founder &; CEO, F27 at the Annual FinTech &; InsureTech Summit held at Sofia Event Center, Bulgaria. </strong></figcaption></figure>



<p>“In other to
deepen innovation capabilities and improve speed to market with digital
innovation product and services, FirstBank established its digital innovation
lab to adopt agile development approach in its operations. The Bank has also
developed a robust telco-agnostic mobile money wallet to potentially defend its
business from the incursion of BigTechs and FinTechs into the core banking
space. I believe that there is a significant opportunity for value adding
strategic cooperation and collaboration between Nigerian and the Bulgarian
Banking and FinTech communities.”</p>

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