Summary of Masterclass – Environment, Social, Governance & Risk Management for the Fintech Ecosystem

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00:00:00 - 01:00:00

This video discusses the various ways in which fintech can have a positive impact on society, including through financial inclusion, environmental sustainability, and good corporate governance. It also highlights the importance of partnering with other stakeholders, including regulators, to create an ecosystem that is beneficial for all.

  • 00:00:00 The video discusses the importance of having a robust code of corporate governance in order to prevent risks and protect investors, as well as the importance of having an appropriate governance structure in order to keep the institution running smoothly.
  • 00:05:00 Daya di Mola from Branch International discusses the benefits of fintech and its potential to have a positive impact on society. She notes that although fintech is still relatively small in terms of its overall impact, its popularity among venture capitalists reflects its potential to be successful in multiple areas. Di Mola also discusses the importance of designing products that have social impact, and notes that there is still room for growth in this area.
  • 00:10:00 The speaker discusses how fintechs have had a significant impact on Nigeria, citing data from the Athena Access to Finance Survey. They discuss the importance of aligning impact goals with revenue goals, and discuss how to celebrate successes.
  • 00:15:00 Fintech company Bank Nine Payment Service offers easy and accessible financial services to consumers, focusing on financial literacy and inclusion. The company is passionate about this mission and is working to ensure that all Nigerians have access to financial services.
  • 00:20:00 This masterclass discusses how to create a financial ecosystem that is inclusive for all Nigerians, including those who are financially excluded. The challenges faced in reaching these milestones include lack of access to infrastructure and education, as well as cultural and societal roadblocks. Solutions include providing localized financial literacy, simplifying products and processes, and providing lower cost products.
  • 00:25:00 The speaker discusses environmental issues and how fintech can help to address them. He points out that, while the environment is a difficult topic, it is an important one for fintech to address. He mentions that, in order to do this, fintech must design appropriate and contextualized products and services.
  • 00:30:00 This video discusses the roles of fintech in the climate change crisis, and how they can help to mitigate risk and vulnerability. Financial inclusion is also emphasized as critical in this time of transition.
  • 00:35:00 The speakers from the Masterclass discussed the environment, social, governance, and risk management for the fintech ecosystem. They discussed the importance of affordability, access, and the role of regulators in supporting this ecosystem. They also highlighted the importance of using green fintech to drive environmental impacts. Finally, they provided examples of how green fintech can be used to engage with regulators and create a more sustainable ecosystem.
  • 00:40:00 The speaker discusses the importance of having a board that is independent and can look out for the long-term interests of the company. She also points out that it is important to remember that not all regulators are the same, and that it is important to be transparent with the impact of fintech on society.
  • 00:45:00 In his masterclass, Joseph discusses the importance of good corporate governance in the operation and management of financial institutions, and how this is necessary in order to enable fintechs to drive in Nigeria. He also stresses the importance of partnering with other stakeholders, including regulators, to create an environment in which players can thrive together and benefit the population at large. Dr. Bola Karimu agrees, emphasizing the importance of strategic partnerships in designing innovative products and services.
  • 00:50:00 The CEO of ijebu Market discusses the marketplaces that they offer to farmers in Nigeria, and how they are working to solve some of the problems that farmers face. He also talks about Musa, a small farmer in Nigeria, and Mr. Tony, another farmer who asked for help. They discuss how Market is helping to change the farming landscape in Nigeria, and how Mr. Tony is convinced that it is only a matter of time until the entire country is using Market.
  • 00:55:00 The speaker discusses how Discord Commodities plans to help small farmers in Nigeria and Africa maximize their yields and improve their lives. He also discusses the company's competitive advantages and how it plans to grow its team and technology.

01:00:00 - 01:00:00

The video discusses the importance of environment, social, governance, and risk management in the fintech ecosystem. The panelists share their insights on the newest developments in these areas and how they can be used to improve the fintech ecosystem.

  • 01:00:00 The focus of today's discussion is chatting new parts of the tech space, with particular attention to the newest developments in Sotektech, Asset Management and Legaltech. The moderator, Wale Olajubu MD, welcomes the panelists and then allows them to share their insights.

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