Uganda Bankers’ Association unveils fourth Annual Bankers Conference 2021

UBA executive director Wilbrod Owor, has unveiled the Fourth Annual Bankers Conference 2021 that will be held 26th & 27th July under the theme “ Bend but Don’t Break, How the Financial Sector can thrive in the era of the 4th industrial revolution”

By Wilson Ishimwe

Uganda Bankers Association (UBA) has unveiled the Fourth Annual Bankers Conference 2021 that will be held 26th & 27th July  under the theme “ Bend but Don’t Break, How the Financial Sector can thrive in the era of the 4th industrial revolution”.

The conference was launched during a press conference at UBA offices in Muyenga, Kampala.

According UBA executive director Wilbrod Owor, the theme for the conference speaks to the digital transformation that the Ugandan Banking and Financial services sector  

Is undergoing. He admitted that digital transformation comes with a lot of risks.

“The fourth industrial revolution continues to drive improvements in industry practices & processes with research & innovation. The Annual Bankers Conference 2021 will be a great platform for us to explain how data centres take centre stage in the Fourth Industrial Revolution,” said Owor.

He added:  “This year’s event will be delivered virtually and aim to facilitate a focused discussion among key players and Industry stakeholders regarding the 4th Industrial revolution and highlight among others emerging trends.”

Key tech insights to look out for in the Bankers Conference 2021 include emerging trends and future outlook in the payments space, confronting fraud and cyber security risks, harnessing opportunities from the unprecedented processing power and storage capacity in Fourth Industrial Revolution.

The conference will feature high-level panel discussions covering topical issues facing the industry at both the global and domestic levels including developments in the payment space, financial inclusion and cyber security among others.

Key output  expected from the conference include forward-looking insights that will inform current and future industry decisions on the deployment of technology and the much-needed collaboration.

Mathias Katamba, the UBA chairman and DFCU Managing Director said that the Bankers Conference is on the annual bankers calendar and brings together regulators, practitioners and various industry experts from domestic, regional, international and international spheres.

“The business fraternity and financial service entities require the assistance of strategic partners in governance, risk and compliance to leverage opportunities presented by the Fourth Industrial Revolution, and to manage the potential risks presented,” said Katamba.

He noted that Patrick Njoroge the Governor Central Bank of Kenya will be the keynote speaker at the Bankers Conference 2021. Other speakers include the Permanent Secretary Ministry of ICT and National Guidance Waiswa Bagiire, Mastercard Division President Sub Saharan Africa Raghav Prasad and Bank of Uganda Governor Prof. Emmanuel Tumusiime Mutebile among others.

“To leverage opportunities presented by the 4th industrial revolution & manage the potential risks thereto, financial service entities & the business fraternity require assistance of strategic partners in the realms of governance, risk & compliance,” said Katamba.

He added that Ugandan Banking & financial services sector is going through a digital transformation to leverage technology for better customer satisfaction

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