Fidelity Bank’s Chief Risk Officer urges banks to stay abreast of digital innovations
Dr. David Animante, Chief Risk Officer at Fidelity Bank Ghana, has urged banks to keep pace with “digital disruptions” led by financial technology (Fintech) and telecommunications companies.
Speaking at the 28th National Banking and Ethics Conference, he said traditional model of banking was being replaced with digital wallets, QR codes, and point-of-sale systems, therefore, financial institutions should catch up with the trend.
He, however, cautioned against cybersecurity risks associated with digital innovations, and emphasised the essence of mitigating such risks.
The forum was organised by the Chartered Institute of Bankers Ghana on the theme: “Navigating Horizon Risks: Strategies for Financial I...