ITS ANOTHER MEETING DAY HEADED BY BRO.INK. AMARAEGBU OBINNA IMO STATE DG.

  • FINTECH IS NOT JUST BLOCKCHAIN, OR ROBO-ADVISORU. IT’S A MOVEMENT, A CULTURE.
  • FINTECH= FINANCIAL TECHNOLOGY
  • FINTECH REFERS TO THE GLOBAL VILLAGE TRYING TO MAKE FINANCIAL SERVICES SMARTIFY (EASY).

IT MEANS A BETTER CUSTOMER EXPERIENCES BUT ALSO MORE EFFICIENT BACK-END DIGITAL PROCESSES, COVERING BANKING, WEALTH MANAGEMENT (FINTECH), INSURANCE (INSURETECH) AND SAFETY FEATURES (REGTECH).

FINTECH IS A TECHNOLOGY THAT RELATES TO MONEY TRANSFER OR TRANSACTIONS WHICH GOES TO FROM PAYMENT TO BANKING, TO HOW MONEY IS MANAGED, SAVED, TRANSFERRED,AND EVERYTHING THAT RELATE TO MONEY.

FINTECH VS TRADITIONAL BANKING

BANKS HAVE BEEN CAUGHT NAPPING WHILE FINTECH FIRMS REVOLUTIONIZE THE FINANCIAL SECTOR.

A GROWING NUMBER OF PEOPLE NOW DO THEIR BANKING ON THEIR PHONES WITH FINTECH PHONES PROVIDING PRODUCTS TO MEET THEIR DEMANDS. BANKS WITH THE NEW IDEAS …..

FINTECH IN MODERN WORLD IS CREATING AN ENTIRELY NEW INDUSTRY WHICH IS THE FUTURE OF THE FINANCE. WHEN WE SAY DISRUPTION, IT MEANS DIGITAL BANK.

FINTECH CAN BE PUT IN THIS AS THE COMING TOGETHER OF FINANCE AND TECHNOLOGY TO CREATE A NEW AND INNOVATIVE SOLUTIONS FOR BUSINESSES AND CUSTOMERS.

MOST FINTECH ONLY TAKE ONE ASPECT OF BANKING SYSTEM, THEY WERE ABLE TO MAKE IT AS EFFICIENT AND USER FRIENDLY AS POSSIBLE AND USUALLY AT LOWER COST TO THE CUSTOMERS. THAT’S WHY CUSTOMERS PREFER TO USE THEIR SERVICES OVER THOSE OF THE TRADITIONAL BANKS.

IN GHANA, INNOVATION SUCH AS MOBILE MONEY, QUICK LOAN, ZPAY, EXPPAY ETC, ARE ALL FORMS OF FINTECH COMPANIES THAT ARE FAST GROWING AND CHANGING THE LOCAL FINANCIAL SERVICES LANDSCAPE.

ACROSS AFRICA AND GLOBALLY, THERE ARE POPULAR FINTECH INNOVATIONS SUCH AS K-MPESA WHICH LED TO THE REVOLUTION OF MOBILE MONEY; PAYPAY WAS ONE OF THE FIRST GLOBALLY RECONGNISED FINTECHS AND CURENTLY THE LARGEST FINTECH IN THE WORLD IS CHINESE ANT FINANCIAL SERVICES IN THE SUBSIDIARY OF ALIBABA.

FINTECH HAVE SOLVED THE FINANCIAL SERVICES EVEN CLOSING THE GAP THAT HAS EXISTED BETWEEN THE PEOPLE AND FINANCIAL SERVICES.

GLOBALLY, THERE BILLIONS OF PEOPLE WHO DO NOT HAVE ACCESS TO BANK ACCOUNT AND FINTECH ARE BRINGING FINANCIAL SERVICES TO THOSE PEOPLE WHO COULD NOT PREVIOUSLY ACCESS THEM AND GIVING A CHANCE TO SAVE, BORROW, WITHOUT HAVING TO MEET THE LENGHTY REQUIREMENTS OF THE TRADITIONAL BANKS.

FINTECHS ARE ALSO CHANGING THE BEHAVIORS OF CUSTOMERS. TODAY NOBODY WAKES UP LOOKING FORWARD TO MAKE A LONG COMMUTE TO BANK BRANCH ONLY TO WAIT IN LINE, ONLY TO SEE THE CUSTOMER SERVICE OR USE THE TELLER.

TODAY, THE BEST CUSTOMER SERVICE IS SELF-SERVICE. CUSTOMERS AND CONSUMERS ARE NOW USE TO BEING ABLE TO ACCESS THEIR FINANCIAL SERVICES ANYWHERE AND EVERYWHERE ON THEIR PHONES, TABLETS AND OTHER MOBILE DEVICES.

THIS SENDS MESSAGE TO BANKS ESPECIALLY CBN…..THAT THEY HAVE NO EXCUSE THIS DAY TO EMBRACE THE LATEST FINANCIAL TECHNOLOGIES

AND THEY KNOW IF THEY REFUSE OR SLOW TO DO SO THEY STAND THE RISK OF BEING DISRUPTED BY THIS FINTECH STARTERS AND LOOSE BOTH CUSTOMERS AND BUSINESSES. JUST LIKE AS YUGUDA CLAIMS THAT THE SEC IS “VERY SUPPORTIVE OF FINTECHS”….

HE GOES TO SAY….

IN ALL OTHER AREAS, NOTHING HAS CHANGED, BUT IN THE AREA OF CRYPTO ASSESTS, YOU KNOW THAT WITH THE RECENT PROHIBITION BY THE CBN ON ACCESS TO NIGERIAN BANK ACCOUNTS BY CRYPTO EXCHANGES, THAT MARKET HAS BEEN DISRUPTED.”

INKSNATION IS ONE OF THE BLOCKCHAIN TECHNOLOGY THAT FALL INTO THIS MODERN AGE DIGITAL BANKING.

PRESENTLY, WHAT INKSNATION WANTS FROM ALL OF US IS MERCHANT TOKENIZATION INVOLVEMENT.

HELP INKSNATION TO HELP YOU BY REGISTERING ANY NEAREST MERCHANT (SELLER OF GOODS AND SERVICES).

GET THEM REGISTERED.

REGISTRATION IS FREE.

INKSNATION WILL PROMOTE THEIR BUSINESSES TO ALL OUR MEMBERS WORLDWIDE.
THEY WILL HAVE THE PRIVILEGE OF SELLING THEIR GOODS ONLINE
WITH THE HELP OF INKS APP THAT INKSNATION SHALL PROVIDE, MERCHANTS AND THE END USERS SHALL ACCESS THEIR MONEY THROUGH THEIR LOCAL BANKS BY LINKING IT TO INKSNATION’S ACCOUNT.

INKSUPDATE TEAM

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3 COMMENTS

  1. Great move by Inksnation to revolutionize the destinies of the less privilege in our society. Thumps up for what you guys are doing…..

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