Interswitch, Oyo Govt Champion Digital Transformation for Financial Inclusion

Kemi Olaitan in Ibadan 

Interswitch has concluded the Ibadan edition of its TechConnect 4.0 event series with the theme, “Unlocking growth opportunities through technology and innovation”, focusing on promoting digital innovation in the country’s financial sector.

The Managing Director, Digital Infrastructure and Managed Services (Interswitch Systegra), Mr. Jonah Adams, represented by the Vice President of Sales, Southwest, Interswitch, Tunji Ashiru, in his keynote address, titled, “Digital Transformation as a Strategy for Growth: Opportunities for MFBs, Fintechs, and OFIs,” emphasised that digital transformation is essential for financial institutions aiming to drive growth, improve operational efficiency, and advance financial inclusion. 

He highlighted how technologies such as AI, blockchain, and predictive analytics enable institutions to serve underserved communities with tailored financial solutions, while emphasising the need for strategic partnerships to build a robust and secure financial ecosystem.

“Digital transformation is no longer a choice, but a strategic imperative for financial institutions to thrive in today’s rapidly evolving landscape.  Building a robust digital ecosystem requires collaboration, especially among OFIs, fintechs, and MFBs. In this interconnected digital space, OFIs can tap into the innovation of fintechs and the customer reach of MFBs to elevate service delivery and drive growth. Interswitch is committed to empowering these institutions to harness transformative technologies such as AI, blockchain, and predictive analytics to unlock new efficiencies, enrich customer experiences, and advance financial inclusion,” he stated.

The Oyo State Commissioner for Finance, Akinola Ojo, in his speech delivered virtually,  affirmed that with Interswitch’s support, the government is advancing financial inclusion across the state by building a more secure and accessible financial ecosystem, stating that together they are creating platforms to expand digital access to underserved communities and drive inclusive growth.

According to him, “In Oyo State, we are making intentional strides to embed technology within the financial frameworks that support our economic ecosystem. This involves implementing secure, efficient, and inclusive solutions that meet the unique needs of our citizens and businesses alike.”