Finnovation Africa- Virtual Conference

“Finnovation Africa” to announce series of networking and interactive virtual conference on topics to support the industry through this difficult and unpredictable time. It is a smart move to give your business a digital makeover as it brings more growth opportunities and helps build stronger brand trust, digital transformation can help businesses ensure continuity even in the times of crisis.

The coronavirus pandemic could speed up a market shakeout in the booming fintech sector. Research indicates that more people, restricted by lockdowns, are using online financial services, including challenger banking apps and stock-trading apps. Despite the negative outlook, economic uncertainty creates opportunities for new business models powered by emerging technology. Data from financial advisory firm indicates that fintech apps saw a 72% spike in usage in the final week of March. Personal mobile devices will become a user’s central operating device, enabling payments to peers and to businesses. The advancements in digital technology are making the crisis more bearable and are enabling businesses to keep working with access to key services (communication, payments, credit, collaboration, etc.), while enabling social distancing and helping to fight COVID-19. We expect digital technology to experience another boost during and after the crisis.