United Capital CEO Peter Ashade, Advocates Digital Technology to Improve Savings and Investments in Nigeria
Nigeria needs to leverage digital technology to grow savings and investments in the country. The Group Chief Executive Officer of United Capital Mr. Peter Ashade made this point at a workshop which discussed theme “Ushering the New Era of Savings/Investments through Digital Transformation”.
He noted that in the last 18 years there has been a revolution in the banking industry, facilitated by the advent of technology. According to him in recent years, banks have become stronger, because of significant investments in modern technologies, a skilled workforce. This has led to the immense contribution of the financial services industry to the nation’s GDP.
He said United Capital was in the forefront of driving innovation. Mr. Ashade added that this had led to the execution of the Investment Bank’s strategy, which has led it to manage a shareholder fund of N26bn.
The GCEO of United Capital said the financial group had evolved from a subsidiary of the United Bank for Africa (UBA) to a Holdco, with continental aspirations.
“Despite the volatile environment, the organization has continued to thrive. United Capital is a major player and is always ready to take advantage of opportunities it sees across all its business lines”.
Mr. Ejike Okoli, Head, Strategy & Innovation, United Capital Plc in his brief overview said the Nigerian financial system, had been instrumental to the growth of commercial activities in the economy. He said United Capital Plc had functioned effectively, offering capital market solutions to individuals, SMEs and large corporates.
The workshop organized for capital market correspondents in the country, was an opportunity for United Capital Plc, to showcase how it was adopting digital transformation; to improve Investment Banking, Asset Management, Trustee Services, Securities Trading, Consumer Finance, and Wealth Management.
The increased adoption of digital technology by financial institutions in Nigeria, has positioned the industry as a major driver of innovation in partnership with fintech firms in the country.
