KPMG Seeks More Collaboration Between Financial Institutions, Fintechs

One of the leading providers of tax, audit and advisory services in Nigeria, KPMG has called for the partnership between financial institutions and Fintechs in order to bridge the gap between the growing need of customers, their user experience and the institutions as a whole. This call was made at a one-day Fintech summit held in Lagos Nigeria.According to them, this collaboration is important as it is the key to lending, getting information in the credit registry, getting connected to BVN amongst others, as it is important to have an innovative mind set, which should be open to collaboration.Partner and Head, Financial Services Sector, KPMG, Mr. Ayo Othihiwa, noted that regulators needed to be accessible particularly to enable regulations as there are some fintech themes like the block chain which are very controversialHe stated that: “The government is important as they need to understand that Fintechs bring value to the society and development to the nation as a whole. They need to roll out incentives in other to aid this space. They also need to support the Fintechs as they are fragile and still need nurturing Source: Thisday Heritage Bank Launches Biometric Identity Card for PMAN Accessibility, security, trust, convenience and cost effectiveness are key defining features of a new partnership between Heritage Bank Plc and the Performing Musicians Employers’ Association of Nigeria (PMAN) with the launch of an exclusive biometric identity card. The development, which deepens an already existing relationship with the PMAN led to the introduction of the PMAN Membership Biometric Identity Card (PMBIC), a multipurpose card specially designed for Nigerian artistes and allied operators in the entertainment industry, thus making Heritage Bank, Nigeria’s most innovative banking service provider, a pioneer in the biometric card services in the industry. Renewable annually, the PMBIC will serve as the official PMAN identification card that qualifies the holder as a genuine member of the association and entitles the artiste to enjoy the myriad benefits and privileges due to registered members. According to a statement from the bank which explained these benefits, the scheme was to create a robust and protective platform for all Nigerian singers, back-up singers, instrumentalists, dancers, comedians, script writers, film producers, actors and actresses, distributors, marketers, Disc Jockeys (DJs) and artiste managers among others. Source: Thisday