How FirstBank Is Boosting Shareholders’ Value Through Technology – CEO

FirstBank is championing the use of the latest financial technology to boost superior shareholder values, the bank’s Chief Executive Officer, Dr. Adesola Adeduntan has said.

Speaking at the Annual FinTech & InsureTech Summit held at Sofia Event Center, Bulgaria the bank boss, however, affirmed that the bank would not be held hostage to any technology.

“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,” Dr. Adeduntan said.

“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”.

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.

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.

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