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Author Topic: Nigerian Foremost Bank to host Blockchain Technology and AI Webinar  (Read 123 times)
thesmallgod (OP)
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August 06, 2020, 10:39:52 AM
 #1


First Bank of Nigeria, a Nigerian multinational corporation and financial services company headquartered in Lagos, set out to hold a webinar about how FinTech will be disrupted by blockchain and artificial intelligence. Through overall deposits and gross profits, it is Nigeria's largest bank. In order to access trade-related businesses across regions, it is running a network from over 750 business centers throughout Africa, the UK, and regional offices in Abu Dhabi, Beijing, and Johannesburg. The bank is specializing in corporate finance, which has Nigeria 's highest corporate customer base.

The webinar which is the fourth edition of the FirstBank FinTech Summit aimed at sharing knowledge on how digital innovations benefit banking, insurance, finance, and value creation across the spectrum of financial value chains.

Date: 6 August 2020
Time: 12 pm GMT+1
Theme: How blockchain and artificial intelligence will disrupt FinTech in Nigeria.

The webinar will be delivered on zoom. Anyone one interested can register through the Bank website provided below
https://firstbanknigeria.zoom.us/webinar/register/WN_2qwM9jsvRbasavu6ILjGaQ
Josefjix
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August 06, 2020, 10:49:29 AM
 #2

First bank is always very innovative and captivating when it comes to technology; hoping to attend the podcast and I find it interesting. It is less than 10 minutes to the webinar already. Lemme get my zoom set up.

R


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avikz
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August 06, 2020, 03:41:10 PM
 #3

First bank is always very innovative and captivating when it comes to technology; hoping to attend the podcast and I find it interesting. It is less than 10 minutes to the webinar already. Lemme get my zoom set up.

Probably yes! But let me tell you that it has nothing to do with Bitcoin or even cryptocurrency! Nigeria is one of the most tech-friendly countries in entire Africa, but I don't think the banks are welcoming cryptocurrency to come and play on Nigerian soil, yet! The only relationship here is with blockchain technology which can live and thrive with a cryptocurrency associated with it - because it is a database only.

I hope you have joined the zoom call, so what's your take on it? Is it anything related to bitcoin or any other cryptocurrency? Did you hear a mention of cryptocurrency in the webinar? Let us know!

Josefjix
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August 06, 2020, 03:45:31 PM
 #4



Probably yes! But let me tell you that it has nothing to do with Bitcoin or even cryptocurrency! Nigeria is one of the most tech-friendly countries in entire Africa, but I don't think the banks are welcoming cryptocurrency to come and play on Nigerian soil, yet! The only relationship here is with blockchain technology which can live and thrive with a cryptocurrency associated with it - because it is a database only.

I hope you have joined the zoom call, so what's your take on it? Is it anything related to bitcoin or any other cryptocurrency? Did you hear a mention of cryptocurrency in the webinar? Let us know!

As fate would have it, I disconnected my zoom app from the podcast 20 minutes into the discussion as most of the things they were talking about doesn't interest me and no mention of Cryptocurrencies or bitcon as their key facts in the subject of discussion. I don't know whether to term it a bait to lure Crypto Enthusiasts to be part of their webinar or not.

R


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mk4
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August 06, 2020, 03:53:38 PM
 #5

Blockchain Technology and artificial intelligence. They might as well just throw in "DeFi" and "smart contracts" to the buzzwords mix.

Anyone watched the webinar tho? I'm curious in what they actually covered.


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thesmallgod (OP)
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August 06, 2020, 04:08:44 PM
 #6

Blockchain Technology and artificial intelligence. They might as well just throw in "DeFi" and "smart contracts" to the buzzwords mix.

Anyone watched the webinar tho? I'm curious in what they actually covered.


https://youtu.be/-lxG9kyYeRY
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August 06, 2020, 04:44:12 PM
 #7

I've checked this bank out, and it seems that it's indeed the biggest bank in Nigeria, so the event is big and positive news. One thing is some noname bank, but if we're talking about the most important bank in the country, this could have serious impact. For one, if this bank is interested, it would motivate other banks to get involved with Blockchain as well. What might be sad is that it might embrace Blockchain but despise cryptos. And given that the webinar is both on AI and Blockchain, I doubt there was a lot of time devoted to cryptos specifically... In any case, one webinar is not enough to understand the situation fully. I hope we'll hear more about this bank soon.

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Josefjix
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August 06, 2020, 04:54:02 PM
 #8

I've checked this bank out, and it seems that it's indeed the biggest bank in Nigeria, so the event is big and positive news. One thing is some noname bank, but if we're talking about the most important bank in the country, this could have serious impact. For one, if this bank is interested, it would motivate other banks to get involved with Blockchain as well. What might be sad is that it might embrace Blockchain but despise cryptos. And given that the webinar is both on AI and Blockchain, I doubt there was a lot of time devoted to cryptos specifically... In any case, one webinar is not enough to understand the situation fully. I hope we'll hear more about this bank soon.

It is indeed the biggest bank in the country but its lack of human bankers-customers effective communication and nonchalant customer relationship flaws its strengths. They wouldn't discuss cryptocurrencies in detail as it is actually swindling customers away from using their services they would rather advice people not to invest in cryptocurrencies causing feuds amongst those who were able to watch the webinar till the end.


The whole ideas of crypto adoption is to render a selfless service teaching people who are eager to learn through different seminars hosted by individuals who are ready to teach and inculcate a depth knowledge into the audience, I don't think a Banking institution would want to host a webinar discussing what benefits Bitcoin and cryptocurrencies in general have.

R


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CryptopreneurBrainboss
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August 06, 2020, 05:09:11 PM
 #9

Here's the catch, everything the bankers engage themselves in (in Nigeria) is to draw more customers to their brands that's the reason most institution in Nigeria leverage on trending technology. I have no belived of whatsoever the bank is portraying by hosting this webinar as there's no believe by me that they're buying into the opportunity the blockchain technology is selling. They're just interested in their non customers customer that would have interest in this buzzing words so they can pickup interest in banking with them.

I'm still happy though about this publicity awareness the webinar created as it did send out a clear message to the masses about this technology. Nigeria is already filled with enthusiast looking for opportunities to buy into in escaping the corrupt economy the government has put us into. We're quite informed about the advantage of the technology too.

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jpnl0006
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August 06, 2020, 05:50:01 PM
 #10


First Bank of Nigeria, a Nigerian multinational corporation and financial services company headquartered in Lagos, set out to hold a webinar about how FinTech will be disrupted by blockchain and artificial intelligence. Through overall deposits and gross profits, it is Nigeria's largest bank. In order to access trade-related businesses across regions, it is running a network from over 750 business centers throughout Africa, the UK, and regional offices in Abu Dhabi, Beijing, and Johannesburg. The bank is specializing in corporate finance, which has Nigeria 's highest corporate customer base.

The webinar which is the fourth edition of the FirstBank FinTech Summit aimed at sharing knowledge on how digital innovations benefit banking, insurance, finance, and value creation across the spectrum of financial value chains.

Date: 6 August 2020
Time: 12 pm GMT+1
Theme: How blockchain and artificial intelligence will disrupt FinTech in Nigeria.

The webinar will be delivered on zoom. Anyone one interested can register through the Bank website provided below
https://firstbanknigeria.zoom.us/webinar/register/WN_2qwM9jsvRbasavu6ILjGaQ

It is unfortunate for one to have gotten this information at a time when the webianr is said to have closed. I will have asked certain questions and also I wanted to knwo what the take of the Bank is in the face of the fast evolving financial tehnology driven by blockchain in every part of the world. it seems people and mostly institutions are yet to comprehend the evolving trending phase of financial technology.
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August 06, 2020, 07:13:07 PM
 #11

I don't understand how this news can be relevant to the bitcoin world, as I know many countries like and use blockchain but at the same time that many countries like and use blockchain they don't use bitcoin or altcoins and whenever they talk about blockchain they make it very clear that they are not encouraging bitcoin use

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