By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Cedi performance in first half of year has been impressive – Finance Minister
    July 24, 2025
    We chose to save, not collapse an indigenous bank – Ato Forson
    July 24, 2025
    Government transfers 500 million Nestlé Ghana shares to NIB – Finance Minister
    July 24, 2025
    President Mahama announces cancellation of fuel allowances for political appointees as cost-cutting measure
    Mahama bans gov’t contracts in foreign currencies – Finance Minister
    July 24, 2025
    Czech government, SEDA Africa donate cutting-edge tech to Greater Accra Regional Hospital
    July 24, 2025
  • Business
    BusinessShow More
    Cedi performance in first half of year has been impressive – Finance Minister
    July 24, 2025
    NIB to play key role in Ghana’s industrial and agricultural drive
    July 24, 2025
    We chose to save, not collapse an indigenous bank – Ato Forson
    July 24, 2025
    Government transfers 500 million Nestlé Ghana shares to NIB – Finance Minister
    July 24, 2025
    President Mahama announces cancellation of fuel allowances for political appointees as cost-cutting measure
    Mahama bans gov’t contracts in foreign currencies – Finance Minister
    July 24, 2025
  • Politics
    PoliticsShow More
    President Mahama announces cancellation of fuel allowances for political appointees as cost-cutting measure
    Mahama bans gov’t contracts in foreign currencies – Finance Minister
    July 24, 2025
    Minority petitions Diplomatic Corps, Mahama over Ablekuma North rerun violence
    July 24, 2025
    Gov’t saves GH₵4.9bn in interest payments – Ato Forson
    July 24, 2025
    Efforts underway to revamp Prof. Mills Library after years of neglect – Mahama
    July 24, 2025
    Ablekuma North Violence: Arrests mean nothing without prosecution – Security Consultant
    July 24, 2025
  • Entertainment
    EntertainmentShow More
    The Weeknd & Shakira to headline 2025 Global Citizen Festival with Tyla, Ayra Starr & Mariah The Scientist
    July 22, 2025
    ACP partners MiPrime Entertainment to Champion Investment in Ghana’s Creative Industry
    July 21, 2025
    I want music to be my legacy, not fame – Rocky Dawuni
    July 18, 2025
    The sense to minister with music came early – Rocky Dawuni
    July 18, 2025
    “You can’t be a Black man and worship a white God” – Rocky Dawuni
    July 18, 2025
  • Sports
    SportsShow More
    Kofi Adams hails Black Queens for gallant AFCON semi-final performance
    July 23, 2025
    Black Queens bow out of WAFCON 2024 after 4–2 penalty loss to Morocco
    July 23, 2025
    Sports Minister rallies Black Queens ahead of WAFCON semi-final with Morocco
    July 22, 2025
    Ghana and Serbia forge strategic sports partnership with landmark MoU
    July 22, 2025
    Ghana to host historic Rugby League Tri-Nation Series this November
    July 21, 2025
  • Technology
    TechnologyShow More
    AI integrated skills training needed to escape job losses – NBU YEC
    July 23, 2025
    Samsung Ghana unveils 2025 TV line-up
    July 22, 2025
    Osman Ayariga speaking on youth empowerment and AI at World Youth Skills Day event
    “Youth should not see AI as competition, but as a digital tool” – Osman Ayariga
    July 17, 2025
    Samsung Introduces Future-Ready Mobile Security for Personalized AI Experiences
    July 16, 2025
    Samsung Electronics acquires Xealth, bridging the gap between wellness and medical care
    July 16, 2025
  • International
    InternationalShow More
    Education Minister Haruna Iddrisu signs MoUs with GEICO and CMS Group for new public universities
    Education Minister signs MoUs with GEICO, CMS Group to establish two public universities
    July 15, 2025
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama pushes AU–CARICOM partnership to strengthen global reparations push
    July 14, 2025
    47th AU Forum: Ablakwa criticizes $1.2m AfCFTA allocation as ‘highly insufficient’
    July 10, 2025
    Minority demands audit over $1.2m passport relaunch cost and delays
    July 9, 2025
    Minority demands compensation for citizens stranded by US embassy closure
    July 9, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Prudential Bank Executive Director calls for stronger collaboration between Banks and FinTechs
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
Business

Prudential Bank Executive Director calls for stronger collaboration between Banks and FinTechs

Isaac Dzidzoamenu By Isaac Dzidzoamenu Published March 18, 2025
Share
SHARE

The Executive Director of Retail and Commercial Banking at Prudential Bank has called for stronger collaboration between traditional banks and FinTechs to achieve stronger financial inclusion for Ghanaians.

Mr. Ebo Quayson says even though there exist some form of collaboration, traditional banks and FinTech operators need to do more and be deliberate about joining forces to ensure more Ghanaians are onboarded to enjoy seamless financial services in the country.

Mr. Quayson was speaking as a panel member at the 15th Africa Bank 4.0 Summit West Africa Editon held in Accra where participants drawn from the banking and fintech industry, financial services regulators and other financial services stakeholders discussed ways of collaboration to ensure financial inclusion for all. The Summit also discussed threats to the financial services sector through cybercrimes, identity theft among others and how players could form synergies to avert same.

Addressing participants on the theme “Empowering West Africa’s Economic Future: Unleashing Growth through Rapid Digital Inclusion”, Mr. Quayson said FinTechs have a lot of advantages over traditional banks owing to the evolving nature of technology and the financial services sector saying the two sectors have a lot to offer if they worked together for the betterment of consumers.

“Traditional banks and neo or new banks have a lot to offer when we work together. Neo banks are not as restricted as traditional banks, and this offers great opportunities for traditional banks to leverage to reach and bring financial inclusion to a lot more Ghanaians. FinTechs through technology are not restricted by brick-and-mortar issues, cost of setting up infrastructure, having to lodge reserves with bank regulator among others. These provide leverage for traditional banks to engage and reach more people,” he said.

The session, labelled the CEO Influencer Panel, also discussed ways of ensuring safety for consumers to lower cyber-attacks and fraud, ensuring trust, transparency and technology for better financial services results, a discussion Mr. Quayson shared thoughts on.

“I believe in the principle of the three Ts in banking—Trust, Transparency and Technology. Consumers are comfortable doing business with establishments who they can trust, are seen to be transparent and amiable to technological advancement. Consumers, however, must take their safety into their own hands to ensure they protect themselves from cybercrime. Measures such not disclosing personal information and constantly educating one’s self against cybercrimes is very essential now than ever,” he said.

Participants on the panel included key players in banking, Fintech, regulation, and stakeholders of the financial services sector.

You Might Also Like

Cedi performance in first half of year has been impressive – Finance Minister

NIB to play key role in Ghana’s industrial and agricultural drive

We chose to save, not collapse an indigenous bank – Ato Forson

Government transfers 500 million Nestlé Ghana shares to NIB – Finance Minister

Mahama bans gov’t contracts in foreign currencies – Finance Minister

TAGGED:Banks and FinTechsPrudential Bank
Share This Article
Facebook Twitter Email Print
Share
Previous Article Orange Growers Association and MoFA discuss citrus industry revamp
Next Article Establish stronger border laws to tackle illicit drug trafficking – Health Committee to Gov’t

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?