CFTE is honoured to participate in the Inclusive FinTech Forum, with our co-founder, Tram Anh Nguyen, hosting a career workshop with other esteemed leaders and founders highlighting the importance of digital integration in today’s workforce, and potential implementations to build a resilient workforce in the future of the digital era.
Africa’s vibrant economy and abundant resources position the country with an unlimited potential to shape the future of digital finance. With 87% of African Business leaders prioritising investment in digital skills development, they believe it unlocks tremendous potential for job opportunities and pathways for the African youth.
Our co-founder, Tram Anh Nguyen, led an engaging session on the ‘Transformation of finance’, sharing the evolving skill requirement in the digital era, as highlighted in CFTE’s comprehensive job report ‘New Skills in Financial Services and FinTech Job report‘.
The three key takeaways highlighted from the discussion are:
- Investing in digital infrastructure such as high-speed internet, affordable smartphones, and computers is vital to create more job opportunities and pathways for young people. Policymakers should invest in these infrastructure projects to ensure that young people in Africa have access to the tools they need to acquire digital skills.
- The SHIME framework, an acronym of Soft skills, Hard skills, Industry knowledge, Mindsets and Experience, enables governments and regulators to identify the key skills in the industry and align the job market’s demand with the training programme investments.
- It is crucial for the industry to create alignment with policymakers, Tech companies, financial institutions and academia to foster collaboration between the public and private sectors in this digital revolution.
We were highly honoured to have the esteemed guest speakers, Meaghan Johnson, CFTE Senior Lecturer in Digital Transformation, Fintech and Customer Experience, and Olivier Crespin, Managing Director of Gift Exchange to have received their amazing insights about the future digital integration in Africa.
Meaghan Johnson emphasised the importance of building a fintech ecosystem in Africa, and the pivotal role of the government in bringing together professionals, and academic platforms worldwide to build a digital workforce. Olivier Crespin delivered a keynote addressing the development of the Digital Banking system and the strategy for future challenges in regulatory compliance and risk management.
In the presence at the workshop with Irere Claudette, Minister of State for ICT and Technical Vocational Education and Training, Republic of Rwanda and Sopnendu Mohanty, Chief Fintech Officer for the Monetary Authority of Singapore (MAS). And thanks to many senior leaders for attending the workshop including Segun Aina, Dr. Babatunde Oghenobruche Obrimah Michael Low Olayinka David-West (she/her/hers) Martha Dali Mghendi-Fisher Pieter Franken, Anthony Thomas, Jochen Biedermann, Nichalous Sandor and Aneta Mutesi.
The discussions were insightful with many case studies taking place in Africa and around the world in upskilling, reskilling adults and youth. There are different opportunities and challenges in the new world of digital finance in the region.