Last week there was a major fintech event in Africa – Dot Finance Africa. I heard about the fintech conference through various tweets, and was intrigued. Africa is a hot bed of innovation, the region is free from the clutches of legacy and is seemingly ready and willing to embrace new technology. Banks, payment service providers, mobile networks and consumers alike are deploying mobile, digital and other innovative solutions. They view such solutions as a way of enabling economic and social growth and development within the region, and more importantly as an enabler of financial inclusion. With this in mind, i was curious to see what themes were being discussed at the Dot Finance Africa fintech event – and for that i turned to Twitter to see what the folks were talking or tweeting about. These aren’t necessarily the most popular Tweets – just the ones that i found the most interesting and revealing:
If you attended the event and think i missed something, please let me know in the comments.
1. The Importance of Fintech in Africa and Mobile Money
Sub-Saharan Africa: the Cradle of Mobile Money pic.twitter.com/rkWHae1IB6
— Chris Skinner (@Chris_Skinner) 5 May 2016
2. Banking in Africa
Great visual of different banking levels in Africa.@devie_mohan at @dotfinancelive pic.twitter.com/DMb49oAfEu
— Jim Marous (@JimMarous) 4 May 2016
3. Banking is Changing – BBVA
#BBVA‘s @mariajosejorda explains how the banking relationship is changing #dotfinancelive pic.twitter.com/VqOYNpVloc
— Chris Skinner (@Chris_Skinner) 4 May 2016
4.The future of Banking
“The key to the future of banking is making it easy. It comes down to culture, and data” @JimMarous #dotfinancelive pic.twitter.com/aZDEA3gsS4
— Monetas (@monetasnet) 4 May 2016
5. The Fintech Mafia Attended
#FinTechMafia have been visiting Nairobi, Africa this week for @dotfinancelive @JimMarous @Chris_Skinner @davidbrear pic.twitter.com/J10HI7pUlX
— FinTech Mafia (@FinTechMafia) 5 May 2016
6. The Importance of Financial Inclusion
Proud to talk about #FinancialInclusion in the hotbed of innovation in East Africa #dotfinancelive #fintech pic.twitter.com/OwxPoqKft3
— Kosta Peric (@copernicc) 4 May 2016
7. Financial Inclusion and Collaboration
The true power of #FinancialInclusion will not be possible without some form of interoperability #dotfinancelive pic.twitter.com/qLCyl99JqJ
— Kosta Peric (@copernicc) 4 May 2016
8. The Financial Inclusion Opportunity
There’s money to be made from mobile financial inclusion @dotfinancelive @copernicc (p.s. it’s not charity) pic.twitter.com/E5ORNRy7mi
— Chris Skinner (@Chris_Skinner) 4 May 2016
9. Millenials, Fintech and the Future of Banking
I find it hard to believe that millenials will be banked by banks in the future @dotfinancelive @mariajosejorda pic.twitter.com/7mqLrhX3Bv
— Markus Gnirck (@mgnirck) 4 May 2016
10. Keeping it Real and Simple…
@JimMarous “Key is driving simplification in everything that banks do. We have to remove complexity” @dotfinancelive pic.twitter.com/pTsWRYPKjO
— David M. Brear (@davidbrear) 4 May 2016
11. …Through Innovation
“Embracing innovation is not the same as executing innovation” @dotfinancelive #dotfinancelive #finance #africa pic.twitter.com/dOmr2CHmww
— Maria Jose Jorda (@mariajosejorda) 4 May 2016
12. How to Innovate Though?
“Corporates need “save places to innovate” 2 see #innovation happening” Couldn’t agree more! @Neal_X @dotfinancelive pic.twitter.com/ablSVVwNHy
— Maria Jose Jorda (@mariajosejorda) 5 May 2016
13. Stick a Mobile Front End to Your Legacy Back Office
@dotfinancelive @Neal_X most banks put lipstick on a mobile banking and claimed ‘we gone digital’ which was untrue pic.twitter.com/25b9y66z6P
— Agrippa G R Mugwagwa (@AgrippaGRM) 5 May 2016
14. This Innovation – Fintech Malarky Aint Cheap
“One of the quickest ways #banks kill #startup is through talking” all those meetings eat money. #fintech @Neal_X @dotfinancelive @dbs
— OKA Consulting (@OKAConsulting) 5 May 2016
15. Put the Technology to One Side and Remember the Customer
@dotfinancelive @Neal_X innovation is not mobile, not blockchain etc it is problem-solving
— Agrippa G R Mugwagwa (@AgrippaGRM) 5 May 2016
16. Its All About Speed
“You should build things in 2-3 weeks. Make something fast & show actual people” @mariajosejorda @dotfinancelive pic.twitter.com/mPQdpyV5Wy
— David M. Brear (@davidbrear) 4 May 2016
17. And Iterative Development
@dotfinancelive @mariajosejorda ‘test and iterate your solutions quickly, in weeks’ to remain relevant
— Agrippa G R Mugwagwa (@AgrippaGRM) 4 May 2016
18. But Ultimately About the Customer Experience
“Experience occurs even before you buy the product” @mariajosejorda @bbva @dotfinancelive
— Devie Mohan (@devie_mohan) 4 May 2016
19. Innovation Opportunities
@devie_mohan says Africa will create the next generation KYC system @dotfinancelive #dotfinancelive pic.twitter.com/RG5FR0xka9
— Chris Skinner (@Chris_Skinner) 4 May 2016
20. Social Media and Fintech Innovation
@dotfinancelive danielszalpak Africa director https://t.co/BmFeQ0DFoP ‘we lend small amounts to clients using their social media profiles’
— Agrippa G R Mugwagwa (@AgrippaGRM) 4 May 2016
21. What is the Role of Regulation?
“Regulators who focus on innovation, inclusion and competition” are what we need – @JimMarous @dotfinancelive
— Devie Mohan (@devie_mohan) 4 May 2016
22. The Future of Payments
“Future payment will be top right,it’ll be interesting the way 2 get there”Great slide @davidbrear #dotfinancelive pic.twitter.com/cXQIFE2nf0
— Maria Jose Jorda (@mariajosejorda) 5 May 2016
23. Payments are all about Money, Power and Consumers
Money, power, & consumers is where the future of payments lies. #dotfinancelive pic.twitter.com/kyKz7SoOCl
— Lois Eva Adongo (@LoisEvaAdongo) 5 May 2016