The Zonal Head of Commercial Banking at Access Bank (South), Fidel Ibeabuchi, has pointed out that there are more opportunities for young people to start their businesses in today’s world, thanks to the opportunities that abound in financial technology otherwise known as fintech.
Ibeabuchi made this claim while delivering a keynote address during a webinar organised by Mira Technologies, tagged “Making a Career in the Fintech Industry.”
Explaining that young people should focus on providing solutions rather than platforms in the fintech industry, Ibeabuchi explained that one does not necessarily need to be technically gifted to start a business or a career in the fintech space.
He outlined that young business-oriented people can identify problems in the sector and collaborate with technicians to provide solutions to the problems.
Ibeabuchi further went on to talk about the disruptions in the financial technology space, making it clear that if traditional banks do not play their cards well, they might be edged out by the fintech startups who are providing amazing solutions to the end users.
Citing the example of the recently launched WhatsApp Pay in Brazil, and the collaboration between Whatsapp and ICICI Bank in India to float the same service in India, the veteran banker said that the fintech solution providers automatically gain advantage in those kinds of situations.
On the most popular professions in the fintech subsector, Ibeabuchi pointed to data analytics and digital marketing as careers that are in demand due to the nature of fintech itself.
He also advised the attendees that they do not necessarily have to build a solution from start to finish by themselves as they can develop a viable idea which they can in turn sell to partners like banks and fintech solution providers.
He however noted that when presenting your fintech solution ideas to probable partners, it is advisable to get them to sign a Non Disclosure Agreement (NDA) in order to protect yourself from idea theft.
The Mira technologies webinar was held to help individuals discover tried and tested strategies to become a successful fintech expert.
Speaking on the webinar, the CEO of Mira Technologies, Ifeanyi Ifeabunike said, “We set this (webinar) up to bring information to people, students, professionals, career people in our country to understand what is happening in the fintech industry, and what they can do to prepare themselves; especially people that want a career in the industry.”
Mira technologies is an IT firm dedicated to providing business solutions to enterprises and organisations.
Over the years, Mira technologies have developed various solutions that are tailor-made to Nigerian businesses.
They deploy these locally developed solutions to bridge identified gaps while assuring customers of top notch after-sales support.