SystemSpecs to Host Industry Stakeholders

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SystemSpecs, a leading provider of financial technology and human capital management solutions and services, will be hosting an insightful session during the 2020 edition of the Social Media Week (SMW) in Lagos.

The session with the theme, “Human-Focused Lending in a Digital World: Impact of Fintech Collaborations,” would hold next Thursday in Lagos.

According to a statement, bringing together customers, providers, facilitators and regulators of digital lending in Nigeria including banks, other financial technology players, and policymakers, panelists at the session would discuss the 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 providers.

Speakers at the session would include the Chief Executive Officer of Arvo Finance, Ayotunde Bally; Business Head, Digital Banking Group, Access Bank, Esther Obiekwe; Co-Founder, Lidya, Tunde Kehinde; and Divisional Head, Payment Applications and Vertical Markets, SystemSpecs, David Okeme. The session will be moderated by Chukwuemeka Fred Agbata, Co-founder, CFAmedia

SystemSpecs, developers of Remita, the innovative payment and collection solution for corporates, SMEs and individuals, is known for powering the services of most of Nigeria’s top lenders. Since the inception of its 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.

Patrick Ikpelue, Divisional Business Development Lead at SystemSpecs, said a major hindrance to the growth of Small and Medium Enterprises (SMEs) is the lack of access to funds as a result of stringent measures such as lengthy, torturous approval processes as well as convoluted requests for collaterals.

“A virile finance and credit system is a key enabler to the realisation of a number of sustainable development goals, particularly in reducing poverty and raising peoples’ social status. At SystemSpecs, we are committed to empowering the delivery of digital lending to individuals, SMEs and larger organisations to enable them meet their financial needs,” Ikpelue added.