TheCable

The committee of e-Business industry heads (CeBIH) says it will promote access to financial services for people at the bottom of the pyramid with digital solutions.

Stanley Jacob, newly elected chairman of the committee, made this known in his acceptance speech at the election of new executives held in Lagos at the Keystone Bank headquarters.

Stanley, who is also the head of consumer distribution at Ecobank Nigeria said the new executive will pursue three broad agenda namely financial inclusion, digital security and strengthened collaboration amongst industry stakeholders.

“As CeBIH we will actively collaborate with industry to provide the needed financial services at the right pricing to the bottom of the pyramid. We will also ensure adequate capacity building for all stakeholders to equip them in tackling the exclusion challenge,” he said.

“CeBlH will pull industry resources and work with the regulators to promote an industry approach for combating cyber-security and payment frauds. Financial literacy campaigns and robust customer education will also be a key tool to achieving this.

“This new executive council will strengthen collaboration by promoting the Shared Agency Network Facility (SANEF) with a view to ensuring that the expected benefits are delivered to consumers; partnerships with other financial institutions (OFIs) and FinTechs to deliver improved financial services; research and case studies to drive emerging payments.”

The committee was established in 2008 with members from banks in the country. It’s objective is to promote electronic banking amongst customers.