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SystemSpecs hosts industry stakeholders at Social Media Week Lagos 2020

At the recently concluded Social Media Week Lagos 2020, we hosted a panel session on Human Focused lending in a Digital World: Impact of Fintech Collaborations. Bringing together customers, technology providers, and facilitator of digital lending in Nigeria including banks, the session explored potentials that abound in retail lending as well as the innovations and extensive opportunities that can be created through increased collaboration among Fintechs, banks, alternate lenders, credit bureaus and other data stakeholders.

The panel session which was moderated by technology journalist and columnist, Chukwuemeka Fred Agbata, provided an opportunity to explore the evolution of digital lending and how it can empower Nigerians and support businesses.

Our Divisional Head, Payment Applications and Vertical Markets, David Okeme, reiterated our mission to ride on collaboration for people to access credit faster, better and deploying digital mandate.

Having realised the need for efficient operation and speedy tech delivery, Digital Banking Head, Access Bank Plc, Esther Obiekwe, said the bank’s partnership with Remita has enhanced the deployment of Payday loans to its account holders.

Tunde Kehinde Co-Founder of Lidya in his contribution to the session identified transparency, empathy and know-the-buyers approach as key issues to consider in digital lending.

He also stressed the fact that the consumers credit behavior is an important part of the decision-making algorithm as it is a critical element of the rating system for lending.

Also at the session, the CEO of Arvo Finance, Mr. Ayotunde Bally, believed that it was important for fintechs and digital finance firms to give out responsibly, considering the capacity and character of their respective customers.

Since the inception of our data referencing service in 2017, SystemSpecs has become well-known as a key enabler in the ecosystem by providing insight on credit, streamlining lender’s risk decisions and facilitating the lending of over N35 billion to individuals and SMEs.

The event was also an opportunity for us to introduce our new product, Paylink, to the budding entrepreneurs and individuals at the week-long event.

Paylink is a payment solution for people to receive money INSTANTLY into their bank account from Anyone, Anywhere, Anytime. Whether you run your business on Instagram, Twitter, Facebook, Snapchat or you have a website which customers visit to pay you, this solution is a perfect fit for you.

Watch a video highlight HERE