Across the African region we are seeing innovation with branchless and mobile banking, which is cutting down the barrier of distance, reducing the cost of financial services, and delivering low-cost accounts for poorer people and small businesses. Indeed, technology is transforming the contours of the banking and financial landscape – and nowhere more so than here in Africa.
We have also been more than busy, counteracting fraud and money laundering, and locking up the real “banksters” in the profession, who for too long have been giving our business a bad name. Our friend and distinguished colleague from Nigeria, Governor Sanusi, has been one of the pioneers in this sharp-shooting side of the business.