FintechNGR and Securities & Exchange Commission, SEC, Advances Partnership, Inaugurated Fintech Adoption in the Capital Market Committee

The Fintech Association of Nigeria, FintechNGR and the Securities & Exchange Commission, SEC formally inaugurated the Fintech Adoption Roadmap in the Capital Market Committee at 2018 3^rd Capital Market Committee, CMC meeting held on Thursday, 14^th November 2018 at the Federal Palace Hotel, Victoria Island in Lagos.

Recall that the CMC at its 2^nd meeting in 2018 held on Thursday, 9^th August had widely adopted the prayer from the Association in a presentation to set up a Committee that would draw up a roadmap for the adoption of Fintech in the Capital Market.

The Acting DG of the Commission, Mary Uduk expressed her satisfaction in inaugurating the committee as a dream come through. She stated that SEC carefully selected the members of the committee based on experience and industry awareness as she affirms her confidence in the future outcomes of the activities of the committee. According to her “ the Fintech Adoption Committee is tasked with providing the guidelines for the regulation and operation of various aspects of Fintech as it affects the Capital Market, such guidelines would also ensure the market activities are technology-driven ”

The Association is represented in the Committee by Ade Bajomo, Vice-President, Fintech Association of Nigeria & ED, IT & Operations, Access Bank (Committee Chairman), Olufemi Awoyemi, Member, FintechNGR GovCo & Founder/CEO, Proshare and Seun Folorunso, Administrative Secretary, FintechNGR

L-R: Representative of Davidson Oturu, AELEX Legal, Olumide Jerome, CSCS, Akin Akeredolu, ASHON, Isyaku Tilde, SEC, Ade Bajomo, FintechNGR/Committee Chair, Mary Uduk, Ag DG SEC, Henry Rowland, SEC, Seun Folorunso, FintechNGR, Bola Ajomale, Association of Securities Exchanges of Nigeria, Reginald Karawusa, SEC & Temi Oluokun at the inauguration of the Committee

In the same vein, the Association continues its ecosystem engagement and advocacy as it made a presentation on “Financial Technology and the Banking Industry in Nigeria: Issues, Challenges & Opportunities at National Deposit Insurance Commission 2018 Sensitisation Seminar for Federal High Court Judges held on November 10^th at Transcorp Hilton, Abuja. The Association was represented by Demola Igbalajobi, Divisional Head, Remita Products, Services & International Business and Seun Folorunso, Administrative Secretary of the Association.