What is DigiBank Summit?
The DigiBank Summit is a renowned conference with a special focus on Africa and Asia, attracting the top leaders and decision-makers in the field of digital banking. It is a platform that brings together an international community of digital banking professionals to share ideas, explore new technologies, and discuss strategies for the future of the banking industry.
In the age of digital revolution, the DigiBank Summit holds immense significance. It offers immense learning opportunities and insights into the latest trends and advancements in the world of digital banking. It equips professionals with the tools and tactics to provide better banking experiences, improve operational efficiencies, and maintain competitiveness in the digital banking world.
Engaging Discussions
At a DigiBank Summit, you are likely to find a series of panel discussions, keynote speeches, and breakout sessions. The topics discussed at these sessions are often the most pressing issues in the banking world. For example, issues such as cybersecurity, digital banking regulations, big data analytics, AI in banking, and the future of mobile banking are regularly discussed.
Networking Opportunities
One of the key aspects of the DigiBank Summit is the networking opportunities it offers. It is a unique opportunity to connect with industry leaders, innovators, and influencers in the digital banking space from around the globe. These connections can lead to potential partnerships, collaborations, or simply provide you with a better understanding of the global digital banking landscape.
Showcasing Innovative Solutions
The DigiBank Summit is a great stage for companies to showcase their innovative solutions. Many banks and financial institutions use this summit to present their latest digital banking products and services. Fintech startups also seize this opportunity to introduce their disruptive technologies and solutions to a larger audience.
Notable Past DigiBank Summits
Insightful discussions and groundbreaking announcements have marked previous editions of the DigiBank Summit. At the 2019 summit, for instance, the focus was on the digital transformation journey of banks. On the other hand, the 2020 summit centred around the role of artificial intelligence and data analytics in reshaping banking services. These summits have consistently set the tone for the future of digital banking.
Examples of National Editions
ETHIOPIA EDITION
The banking industry of Ethiopia is currently undergoing a significant transformation due to the present government´s strong commitment to modernize it and increase banking service accessibility for a much larger segment of the population. While this transformative process is proceeding, the DigitBank Summit has emerged as the flagship event for digital banking expos in Ethiopia, being at the forefront of technologies such as digital payment solutions, mobile banking, and online banking. Ethiopia´s population exceeds 110 million, and bringing both individuals, organizations and the Ethiopian financial sector into the next stage of modern banking is not an easy undertaking, but the government and its institutions are committed, there is a strong interest from civil society, and the future for FinTech in Ethiopia is undeniably looking very bright. The Ethiopia Edition of the DigiBank Summit takes place in Addis Ababa, the country’s political and financial hub.
UGANDA EDITION
Uganda is home to nearly 50 million people, 25 licensed banks, and 80+ registered FinTech companies. In the 21st century, mobile phones and similar devices have become much more common in Uganda, and as of 2023, mobile penetration is at circa 65%. With so many people having access to mobile devices, including a lot of people who still does not have good access to conventional banking services, Uganda is ripe for a digital banking revolution that will change the financial landscape of the nation. The Uganda Edition of the DigiBank Summit takes place in Kampala, the capital and financial centre of Uganda.
KENYA EDITION
Kenya is known to be one of Africa´s most dynamic economies, and it is also one of the countries at the forefront of digital banking penetration and expansion. Compared to many other African nations, large chunks of the Kenyan population already have significant exposure to emerging technologies in fields such as online banking and mobile payment solutions – and these changes have been very positively received, with many citizens expressing an eagerness to use FinTech in their daily lives. Many small enterprises have captured a significant user base here, and traditional banks in Kenya are currently somewhat struggling to keep pace. The Kenya Edition of the DigiBank Summit is held in Nairobi, which is not only Kenya’s capital but also generally acknowledged as the major financial centre in eastern Africa.
PHILIPPINES EDITION
Smartphone penetration is now exceeding 70% in The Philippines, and mobile banking solutions have become very popular and are in widespread use. One notable driver behind this change is Bangko Sentral ng Pilipinas (BSP) – the country´s Central Bank – which has launched initiatives such as the PESNONet and NRP. According to a recent study by the Central Bank, roughly a third of the Filipino adults who have a bank account have opted for a digital account, and electronic payments have jumped from just 1% a decade ago to over 35% today. The Philippines Edition of the DigiBank Summit takes place in the capital, Manila.
INDONESIAN EDITION
Despite not being very large, this nation – distributed over 17,000+ islands where the Pacific Ocean meets the Indian Ocean – is home to 275 million people. Roughly 80% are still either completely unbanked or at least underbanked, which is a huge challenge for economic and social growth but also an exiting opportunty for actors in the FinTech field.
Of those who do have access to bank services, many have a positive view on digital banking and other digital solutions. According to a 2021 McKinsey’s Personal Financial Services survey, roughly 78% of surveyed Indonesian bank customers were actively using digital banking services, compared to 57% in 2017. The boost has been promoted by the Banking Supervision of Indonesia’s Financial Services Authority (OJK) and Indonesia has enacted a series of new regulations to improve and safeguard the banking system.
The Indonesian Edition of the DigiBank Summit is held in the capital Jakarta, which his the economic, cultural, and political centre of Indonesia, and home to an estimated population of 35 million.
Future of DigiBank Summit
As we move further into the digital age, the DigiBank Summit will continue to be a key event for all digital banking enthusiasts. With each passing year, the Summit promises to bring more innovative solutions, exciting collaborations, and insightful discussions to the fore.
In conclusion, the DigiBank Summit is not just a conference; it’s a catalyst for transformation in the world of digital banking. Whether you are a banker, a FinTech professional, or simply an enthusiast, attending this summit can equip you with a wealth of knowledge and insights into the future of digital banking.