Banking on Emerging Markets Forum and Euroknowledge Award Reception

BANKING ON EMERGING MARKETS FORUM AND EUROKNOWLEDGE AWARD RECEPTION

THEME: BANKING ON EMERGING MARKETS

13^TH OCTOBER, 2022

WASHINGTON DC, USA

Please reach out to Mrs. Olayinka Fayomi for RSVP - yinka.fayomi@finmagazine.com

Introduction

In the wake of the recent economic melt-down, the banking industry in the developed markets has been transformed — mighty giants have come crashing down into bankruptcy, and too-big-to-fail behemoths have been given urgent financial transfusions in order to revive them. However, the story is starkly different in the emerging markets, where the banks have raced ahead as their Western counterparts have languished. 

Faced with regulatory and cost-cutting pressures at home, global banks are losing market share in emerging economies to smaller domestic competitors. In addition, banking sectors of several emerging economies have grown at extraordinary rates over recent years. Over the next ten years, an estimated 60 percent of the growth in global banking revenues will come from emerging markets. 

Challenges faced by banks in emerging markets

While the growth potential is enviable, it is not always a bed of roses for banks in emerging market. Faced with mutually interdependent forces of competition, regulation, technology upgrades and changing expectations of customers, banks are set for a range of challenges. The industry has to live up to the high expectations of its many stakeholders. A large part of the population in these markets is unbanked, and demands from polity to support inclusion are growing more vehement by the day. 

Some of the key challenges faced by emerging market banks are:

• Increasingly demanding customer expectations 
• Demand for innovative products
• Meeting and delivering higher service levels
• Competition from peers and government-owned banks 

These challenges are set to get fiercer, as western banks, recovering from the financial crisis at home, increasingly turn their attention to emerging markets in pursuit of growth. 

THE FORUM AND BENEFIT 

FIN Banking on Emerging Markets Forum is been hosted by Foreign Investment Network FIN and it is expected to help create platforms where top bankers, bank owners, Central Bank Governors, stakeholders in the banking sector and all players in the financial industry to bring up solutions, provide new ideas/innovations to tackling some of the challenges facing this banking sector and the financial institution at large.

 The event will among other things provide;

1. Frameworks of new banking technology products, solutions and processes, riding on a robust and powerful architectural platform
2. A secure, integrated re-usable set of components covering transactional banking, backend processes and channel systems
3. A Comprehensive service offerings for retail banking across internet banking, mobile banking, and ATMs — configured in a very short time
4. Tailored offerings for corporate customers across Trade Finance, Cash Management, Salary Processing, Integration with Corporate Host Systems
5. Easy-to-use business process rule engines which allow users to align the framework to suit their functions
6. Easy to deploy and manage both on-shore and off–shore models with inter-convertibility
7. Several technology solutions across core banking, channel banking, risk and compliance (Risk, AML, etc), financial inclusion, rural/agri/micro banking, retail lending, treasury and payments – both domestic and international, across geographies and currencies
8. Opportunity to meet industry experts, leading banking managing directors, Central Bank Governors, banking industry stake holders etc

EXPECTED GUESTS AND SPEAKERS 

1. MR GODWIN EMEFIELE

Godwin Emefiele is the current governor of the Central Bank of Nigeria (CBN), a Nigerian Economist born on August 4, 1961, in Lagos State, Nigeria. He hails from Ika South, Agbor Region of Delta State, Nigeria. Godwin Emefiele is the serving governor of the Central Bank of Nigeria (CBN). He came into the office for his first tenure on June 4, 2014, after which he was confirmed for a second tenure on Thursday, May 16, 2019. He is the first two-term governor of CBN since Nigeria returned to Democracy.  So far in his tenure as the governor of the Central Bank of Nigeria, Emefiele has performed excellently. Some of his outstanding feats as the governor of CBN include:

• Maintained a strong and stable Naira despite the drop in crude oil price and Covid 19 pandemic
• The hugely successful Anchor Borrowers' Programme (ABP)
• The Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL)
• The National Food Security Programme (NFSP)
• The Paddy Aggregation Scheme (PAS)
• The Agri-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS);
• The Accelerated Agricultural Development Scheme (AADS);
• Youth Entrepreneurship Development Scheme (YEDP);
• The Nigeria Electricity Market Stabilisation Facility (NEMSF); and
• The Non-Oil Export Stimulation Facility (NESF) and Export Development Facility (EDF)
• National Collateral Registry (NCR)
• Creative Industry Financing Initiative (CIFI)

Experience in the Private Sector

Before joining the Central Bank of Nigeria, Godwin Emefiele has had over 26 years of experience in commercial banking. During those years, he was a Group Managing Director and Chief Executive Officer of Zenith Bank PLC, a position he held from August 2010 to June 2014. He also held the position of Deputy Managing Director at Zenith bank from 2001 to August 2010. Emefiele held other notable management positions during his time at Zenith Bank Plc, including the Bank’s Executive Director in Corporate Banking, Financial Control, and Strategic Planning.

His outstanding achievements at Zenith Bank Plc include: 

His leadership strengthened Zenith Bank’s position as a leading financial institution in Africa.

His leadership made Zenith Bank become a recognized financial institution with substantial endorsements at home and abroad.

His leadership brought Zenith Bank to high-quality performance in key areas such as service delivery, corporate governance, and deployment of innovative ICT.

Mr. Godwin Emefiele also lectured Finance, Bank Management, and Insurance at the University of Nigeria and the University of Port Harcourt before starting his banking career. 

Educational Background

Godwin Emefiele completed his primary education in 1973 at Ansa-U-Den Primary School, Igbosere (Now known as Government Primary School, Victoria Island), Lagos. After which, he attended Maryland Comprehensive Secondary School, Ikeja, Lagos, and graduated with a West African School Certificate (WASC) in 1978.

He proceeded to the University of Nigeria, Nsukka, to earn a B.Sc. Degree in Finance (1984) and an MBA in Finance (1986), respectively. Emefiele is also an alumnus of Executive Education at Stanford University, Harvard (2004), and Wharton School of Business (2005). 

2. MRS MARIE-FRANCE MALANGU KABEDI MBUYI

Marie-France Malangu Kabedi Mbuyi is a Congolese economist (DRC), governor of the central bank of Congo since July 5, 2021. Appointed by the President of the Republic Felix Tshisekedi and officially accedes to her new position on July 19, 2021 during a handover and resumption with her predecessor. Kabedi-Mbuyi is the 13th person to occupy the seat of governor of the BCC. She is the first woman to head such an institution in Central Africa and continental French-speaking Africa. She joins an extremely small circle of women leaders who have ever held the position of central bank governor. 

Born on February 1, 1958 in Kananga in the province of Kasaï-Occidental, Malangu Kabedi is the first woman to be appointed governor of the Central Bank of Congo (BCC) since the creation of this institution. His predecessor Deogratias Mutombo Mwana Nyembo was appointed in 2013 by President Joseph Kabila8.

A graduate of the Université Libre de Bruxelles, before being appointed head of the Central Bank of Congo (BCC), Malangu Kabedi first worked for a year at the Centre for Applied Economics of the Université libre de Bruxelles, for two years at the Banque du Zaire (now BCC) in the Department of Studies. 

She spent a very large part of her professional career at the IMF (International Monetary Fund) where for thirty-two years she held positions such as: Deputy Head of Division and Head of Mission for some five countries, Director of the IMF Regional Technical Assistance Center for West Africa, IMF Resident Representative in Benin and Cameroon , Assistant to the Director of the Africa Department, Senior Advisor to the Executive Director for French-speaking African Countries on the IMF Executive Board. 

3. SUSAN LINDNER

Moderator

Susan Lindner is the Founder and CEO of Innovation Storytellers, a leading innovation storytelling consulting firm. She is a highly sought-after keynote speaker, workshop leader, messaging strategist, storytelling coach, and the world’s leading expert on innovation storytelling.

Susan draws from her initial experiences as an anthropologist and international aid worker in rural Thailand in the 1990s, where she shared stories that helped at-risk populations disproportionately affected by AIDS to slow the virus’ spread. Today, as a 20-year communications expert, she is committed to using those same storytelling skills to inspire innovation leaders everywhere to become incredible storytellers and ensure that their innovations get the resources, runway, and recognition they deserve.

Susan is the host of Innovation Storytellers, a weekly podcast that takes the mystery out of how to communicate breakthrough ideas to the people who matter most. Every week, Susan interviews top global innovation leaders from companies like Amazon, Bloomberg, Cisco, Corning, and Tesla about the stories that moved their innovations past the boardroom, lab, and production line and into our everyday lives.

Susan speaks at global conferences, consulates, and trade organizations. She has worked with C-level leaders and teams from over 60 countries at Fortune 100 companies like GE, Corning, Citi, AT&T, Arm & Hammer on their innovation storytelling strategies. The result? Those innovation leaders become incredible storytellers who go on to change the world. Susan is driven to ensure every breakthrough idea reaches its finish line through powerful stories that connect to every listener and power that brilliant idea forward