The banking community is coming together on 15 -16 August 2024 to explore the African banking sector at the fourth annual Banking Transformation Africa 2024, hosted at the Maslow Hotel in Johannesburg, South Africa.
This summit is a curated experience designed to address the unique challenges of the African banking landscape. Attendees will be immersed in a blend of creative content, experiential learning, and networking opportunities, fostering long-lasting connections with industry peers.
Pressing questions such as:
- What are the greatest risks and opportunities perceived by banking leaders?
- What barriers, both internal and external, obstruct their path?
- Which technologies will enable them to seize future opportunities?
- What are the critical success factors for digital transformation?
Will be addressed at the event.
It will also feature a distinguished panel of speakers including:
- Cheslyn Jacobs, chief commercial officer at TymeBank, South Africa
- Dr. Lance Shingai Mambondiani, group CEO at Coronation Financial Holdings, Zimbabwe
- Sam Mohatle, head of digital banking at FNB, Lesotho
- Dennis Njau, director network business and distribution at NCBA Group, Kenya
- Ray Naicker, group chief information officer at Nedbank, South Africa
- Daleen Pretorius, head of platforms (cloud): CTO at Absa Bank, South Africa
- Yves Soumelong, regional digital product project manager – CEMAC at United Bank of Africa, Cameroon
Understanding the African banking market
Only about 30 per cent of companies successfully navigate the digital revolution. According to the 2024 edition of the African Banking Digital Transformation Report, 76 per cent of banks rank digital transformation as either their top priority or among their top three priorities, while the remaining 24 per cent still recognise its importance. This highlights the complexity of adapting to new behaviors and expectations in a rapidly changing landscape.
Staying abreast of industry trends is crucial for banking professionals to effectively manage these changes and achieve successful digital transformation. Incremental, cost-effective, and sustainable approaches are key, focusing on outcomes such as new products, improved processes, and use cases that build capabilities, business value, and buy-in for the transformation.
Looking ahead, the digital banking sector is expected to continue its trajectory of growth and innovation. Key trends include personalisation, the rise of neobanks, the integration of AI and machine learning, blockchain exploration, advancements in cybersecurity, open banking ecosystems, sustainability efforts, digital identity solutions, and a focus on regulatory compliance and data privacy.
AI level 0 of 5: researched, written and edited by Francis Bignell without generative AI; only everyday tools such as spelling and grammar checkers were used. What the levels mean
