Ipumbu Shiimi: Credit information sharing in Namibia Welcoming remarks by Mr Ipumbu Shiimi, Governor of the Bank of Namibia, at the launch of the Namibia Data Sharing Alliance, Bank of Namibia, Windhoek, 2 March 2015.
Banks will continue to be challenged by new entrants, and, thus, they need to invest heavily into new technology. This may compress profitability in the short-term. However, banks and other traditional financial intermediaries still have a long-term competitive advantage over new entrants that do not have long operating histories, and who may have less skills in business expertise, such as credit and risk management.