According to the organizers, they were impressed with how the financial institution has contributed to the growth of the industry over the years.
They did this through the introduction of digital products aimed at making banking services seamless.
Sterling Bank CEO Reaction
The CEO was the keynote speaker at the awards ceremony and delivered a speech on the theme, of “Disruption.” He said,
“Disruption was such an impressive word. But we forget one thing, less than one out of every effort at disruption leads to emptiness.
“99% of efforts at disruption either do not happen or result in personal loss.” He notes that it is not every time that the desired results are obtained through disruption.
He also pointed out that there is a need to think carefully about disruption because it is two-faced. So no part of it suggests certainty about the outcome.
Speaking further, he said most people tend not to be comfortable with change.
“There are few people that thrive in disruption because the average human being just wants things to remain the way they are.”
Advise to Fintechs
Advising fintechs, he said they should change their perception of disruption because there is no certainty about its likely outcome. He added that the more comfortable one is, the less he is likely to want a change, noting that distributors need to appreciate the value of partnerships and distribute risks.
Diving into the operators in the fintech space, he advised them to be sure their partners are those they need, even though thru are licensed to shake the table.
About The Nigerian Fintech Awards
The Nigerian Fintech Awards is the biggest and most recognized fintech award in the country. It is dedicated to honoring excellence in financial technologies and services companies and products.
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