Speaking at the Proshare analysts report on the reassessment of tier 1 banks, chief economist and managing editor, Proshare, Teslim Shitta Bey, disclosed that banking is becoming evolutionary with an improved version of technology in financial intermediation that will lead to financial adaptation.
While the report notes that the future of banking is technocentric with the increased use of artificial intelligence and machine learning becoming the cornerstone of competitive advantage, saying, to prevent future crises in the Nigerian Financial sector, policymakers must re-evaluate the banking framework and balance the need for economic growth.
Chief financial officer, Ecobank, Oyedeji Ibukun emphasised on risk management, capital risk in the financial sector and the role of the Basel III regulation on liquidity in the banking sector.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Experts At FITC Confab Advocate AI Adoption Against Cyber ThreatsIn a bid to counter the increasing wave of cybercrime, cybersecurity experts and industry leaders convened at the FITC 2023 Cybersecurity Conference to
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Stakeholders advocate vehicle financing education in NigeriaStakeholders within the automotive industry have stressed the need for more education and transparency on how car financing works in Nigeria.[ad] According to them, there should be more enlightenment, so that the space becomes more accommodating.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Nigeria's Finance Minister Bags Historic World Bank AppointmentNigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has been appointed to chair the African Governors’ Forum of the World
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Tinubu’s Finance Minister, Wale Edun gets World Bank appointmentMinister of Finance and Coordinating Minister of the Economy, Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World Bank. The African Governors’ Forum is a platform for African finance ministers and central bank governors to engage with the World Bank on issues of mutual interest.
Source: DailyPostNGR - 🏆 11. / 59 Read more »