FITSPA Uganda

Get ready to register for yet another engaging FITSPA FINTECH Conference! Join us on 3 - 4th October 2024 as we explore the theme “Collaboration For Growth: Leveraging Partnerships And Collaboration To Drive Innovation And Growth In Uganda’s Fintech Sector.” Registration: https://bit.ly/FAFC2024 #FISTPAConf2024 #FAFC2024 BPC Banking Technologies, Equity Bank Uganda, gnuGrid CRB, iFortify, MoMo from MTN UG, Stanbic Bank Uganda, Bank of Uganda, The Innovation Village, DTB Uganda, Financial Sector Deepening Uganda (FSD Uganda), Yo Uganda LTD, Flutterwave, Raxio Data Centres, dfcu Bank, Roke Telkom, Standard Chartered - Uganda, AF Mpanga Advocates, Centenary Bank, aBi - Agricultural Business Initiative, Zianah Muddu, Tina Byaruhanga, Ruth Doreen Mutebe, Absa Group, Josephine Olok, Africa Fintech Network, Henry Kevin Wava, Varghese Thambi, Haruna Mawanda, Doreen Lukandwa, Rashmi Pillai, Kenneth Kwesiga, Benoni Okwenje, Richard Yego, Brian Kalule

Network with visionaries and build valuable connections at the FITSPA Annual Fintech Conference. Meet key stakeholders and potential partners to enhance your digital transformation journey. Register via https://bit.ly/FAFC2024 today. #FISTPAConf2024 #FAFC2024 Annet Nanyanzi, aXiom Zorn, Esther Linda N., Emmanuel Mugabi, Juliet Lucima Akot, Doreen Nakibombo, Anthony Ssenyonjo, Varghese Thambi, Fatumah Namukasa, Muyanja Frank, Isaac Engur, Zianah Muddu, Tina Byaruhanga, Ruth Doreen Mutebe, Absa Group, Josephine Olok, Africa Fintech Network, Henry Kevin Wava, Haruna Mawanda, Doreen Lukandwa, Rashmi Pillai, Kenneth Kwesiga, Benoni Okwenje, Richard Yego, Brian Kalule

#MemberVisit We had a good time catching up with our member Ensibuuko this week. Their CEO, Mr. Gerald Otim visited us to share details about Ensibuuko's recent exciting wins: new partnerships with Agent Banking Company and CARE that will enable them to improve access to #financial services for especially #women through #SACCOs and lenders. These wins are a testament to #Ensibuuko's growth and hold immense potential for FITSPA members. We also explored how #FITSPA can support them along their regulatory and compliance journey. We are excited to connect and explore how we can collaborate to drive innovation in Uganda's fintech space! #FinancialInclusion #Partnership #Fintech

Yesterday, we were represented by our team lead, Ms. Zianah Muddu at the 4th Annual #Cyber #Security Breakfast hosted by the Uganda Communications Commission. The event brought together executives from the Communications sector and other critical industries to explore the theme: "Cyber security as a Competitive Advantage: robust #cybersecurity measures as a catalyst for innovation and competitive advantage" to discuss the latest trends, risks, and management strategies related to cybersecurity within the respective ecosystems. This Breakfast yielded significant strides in bolstering Uganda's cybersecurity landscape. Key achievements from this forum include: ✅Strengthening Uganda Computer Emergency Response Team's (CERT) Capabilities: The CERT UGANDA will be equipped with state-of-the-art forensics technology, enabling more efficient investigation and response to cyber incidents. It will also expand its capacity for advanced threat analysis and intelligence gathering to proactively identify and mitigate potential threats. ✅Talent Development: Investments in training and upskilling CERT personnel will be prioritised to enhance their expertise in handling complex cybersecurity challenges. ✅Real-time Threat Intelligence: Telecoms and Internet Service Providers will deploy advanced threat monitoring platforms capable of detecting and responding to cyber threats in real-time, minimizing system vulnerabilities and data breaches. ✅Comprehensive Cyber Security Framework: The development of a robust cyber security framework with clear and actionable incident response plans will provide a standardized approach to managing cyber risks across the sector. ✅Minimum Security Guidelines: Enforceable minimum cybersecurity guidelines will be established to ensure a baseline level of protection for all organizations within the sector. ✅Regular Cyber Drills: Mandatory bi-annual cyber drills will simulate real-world cyberattacks, enabling organizations to test their incident response capabilities and identify areas for improvement. ✅Cybersecurity Education: The Cyber Stars program for universities and secondary schools will be expanded to include a curriculum focused on developing a pipeline of cybersecurity talent for the future. ✅Public Awareness Campaigns: Comprehensive cybersecurity awareness campaigns will be launched to educate the public about cyber threats, prevention measures, and responsible online behavior. ✅Digital Financial Services Lab: The establishment of a dedicated digital financial services lab will foster innovation in the sector by providing a platform for research, development, and testing of new cybersecurity solutions. At #FITSPA, we are excited about this plan because we know that cybersecurity is indispensable to the fintech ecosystem as it safeguards sensitive financial data, builds consumer trust, prevents financial losses, ensures regulatory compliance, fuels innovation and protects brand reputation.

We were delighted to have hosted Mr. Gregory Peter Omondi, the Senior Manager at GSMA Innovation Fund by GSMA, which is a global organization unifying the #mobile ecosystem to discover, develop, and deliver innovation foundational to positive business environments and societal change. The fund supports digital #startups and businesses in low and middle-income countries to develop innovative solutions in areas such as agriculture, climate change, and #financial services, to improve lives and drive economic growth. Our discussion focused on the #funding opportunities that the #Fund presents to our members and the #Fintech sector in Uganda as a whole. We also explored the possibility of collaborating to organize capacity-building sessions for the #FITSPA community, focused on the application of new #technologies and related public #policy developments. In March 2024, #GSMA also released the State of the Industry #Report on #Mobile #Money, highlighting the significant growth and impact of mobile money services globally, particularly in Sub-Saharan #Africa. The report emphasizes the industry's maturation, expanding use cases, and its positive contribution to #economic development and financial #inclusion. For fintechs, utilizing the information provided in this report, such as valuable insights into the mobile money landscape, growth trends, emerging opportunities, and user behavior, can enable them to identify potential market segments, develop new products and services, and refine their business strategies to capitalize on the industry's growth and evolution. You can read the full report here: https://lnkd.in/d82jNc5p At FITSPA Uganda, we are thrilled about our collaboration with GSMA because it will empower our members to attract more investment and create innovative quality solutions that directly address customers' pain points, thus empowering their businesses and personal lives.

Gain practical insights from industry experts at the FITSPA Annual Fintech Conference. Learn real-world strategies to leverage digital technologies for your business. Registration starts here: https://bit.ly/FAFC2024 #FISTPAConf2024 #FAFC2024 BPC Banking Technologies, Equity Bank Uganda, gnuGrid CRB, iFortify, MoMo from MTN UG, Stanbic Bank Uganda, Bank of Uganda, The Innovation Village, DTB Uganda, Financial Sector Deepening Uganda (FSD Uganda), Yo Uganda LTD, Flutterwave, Raxio Data Centres, dfcu Bank, Roke Telkom, Standard Chartered - Uganda, AF Mpanga Advocates, Centenary Bank, aBi - Agricultural Business Initiative, Zianah Muddu, Tina Byaruhanga, Ruth Doreen Mutebe, Absa Group, Josephine Olok, Africa Fintech Network, Henry Kevin Wava, Varghese Thambi, Haruna Mawanda, Doreen Lukandwa, Rashmi Pillai, Kenneth Kwesiga, Benoni Okwenje, Richard Yego, Brian Kalule

Uganda's banking and financial services sector is taking a proactive stance against fraud! #Fraud poses a significant threat to the stability and integrity of Uganda's #Banking and #Financial services sector. As fraudulent activities continue to evolve and become increasingly sophisticated, the key stakeholders must come together to combat it effectively. To build resilience for Uganda's banking and Financial services sector, the Uganda Bankers' Association ', together with Visa, in conjunction with the Bank of Uganda, the Uganda Communications Commission, and the National Payment Systems Providers Association (PSPA) are co-hosting the 2nd Fraud Forum #UBAFraudForum themed "Collaboration against fraud targeted at the banking and payment services ecosystem" The key objectives for the forum this year include; ✅To assess progress and new trends to enhance collaboration against fraud ✅To strengthen laws and enforcement to deter and prosecute fraudsters ✅To share knowledge and build capacity on fraud prevention and response ✅To promote innovative technologies to boost the financial sector's resilience against fraud The National Payments Systems Providers Association was represented by its Vice Chairperson, Mr. Richard Yego, also CEO at MoMo from MTN and CEO of Pegasus Technologies ltd Uganda, Mr. Ronald Azairwe who participated in a panel discussion about "Empowering stakeholders and standardizing measures to combat fraud" moderates by Ms. Anita Asiimwe, Head of Digital Partnerships at Stanbic Bank Uganda During his presentation, Mr. Azairwe shared insights on mechanisms to eliminate fraud among which he suggested; 1. Customer #Education: Empowering customers with knowledge on how to protect themselves, including proper credential handling and the risks of unauthorized sharing. Mr. Azairwe commended the recent educational media campaign by the Uganda Communications Commission and Bank of Uganda, highlighting its positive impact on fraud reduction. 2. #Reporting Mechanisms: Encouraging customers to promptly report fraud or suspicious activity to facilitate swift response and mitigate damage. 3. #Real-time Features: Implementing real-time features in financial services systems, such as login time and activity alerts, to enable users to identify potential fraud. 4. Enhanced #Security: Utilizing robust alerting mechanisms and two-factor #authentication systems to create additional layers of security against unauthorized access. From the other speakers, it was made clear that it is only through #collaboration, knowledge sharing, and innovation, that we can build a more resilient and secure financial ecosystem. Let us continue to work together to protect our customers, prevent fraud, and promote a culture of security and trust. Our gratitude goes out to all participants, speakers, and organizers for your contributions to this successful and important initiative that marked a significant milestone in Uganda's fight against fraud.

This morning, UBA together with Visa, Uganda Communications Commission, Bank of Uganda and, National Payment Systems Providers Association (NPSPA) are holding the 2nd fraud forum under the theme: Collaboration Against Fraud Targeted At The Banking And Payment Services Ecosystem; Building Resilience For Today, Tomorrow & Beyond. The forum will focus on strengthening the technological and regulatory frameworks to equip financial sector players in building resilience to deter perpetrators of fraud. Follow our social media channels for live updates. #UBAFraudForum

Join us at the FITSPA Annual Fintech Conference to foster collaboration with thought leaders and peers. Discover how partnerships can drive innovation and create value. Secure your spot via https://bit.ly/FAFC2024  #FISTPAConf2024 #FAFC2024 BPC Banking Technologies, Equity Bank Uganda, gnuGrid CRB, iFortify, MoMo from MTN UG, Stanbic Bank Uganda, Bank of Uganda, The Innovation Village, DTB Uganda, Financial Sector Deepening Uganda (FSD Uganda), Yo Uganda LTD, Flutterwave, Raxio Data Centres, dfcu Bank, Roke Telkom, Standard Chartered - Uganda, AF Mpanga Advocates, Centenary Bank, aBi - Agricultural Business Initiative, Zianah Muddu, Tina Byaruhanga, Ruth Doreen Mutebe, Absa Group, Josephine Olok, Africa Fintech Network, Henry Kevin Wava, Varghese Thambi, Haruna Mawanda, Doreen Lukandwa, Rashmi Pillai, Kenneth Kwesiga, Benoni Okwenje, Richard Yego, Brian Kalule, Ruth Doreen Mutebe, Derick Nkajja, PKF in Eastern Africa, BDO in Uganda

Are you curious about Cross-Border Payments in Africa? Join us on Tuesday, August 20, 2024, at 2:00 PM WAT for a webinar on Scaling Cross-Border Payments in Africa. As global trade expands, the need for efficient and affordable cross-border payment solutions is more crucial than ever in human history. This webinar will explore the advancements shaping Africa's payments landscape, including: ✔ Blockchain-based remittance platforms ✔ Digital wallets ✔ The impact of regulations on transactions ✔ The transformative role of PAPSS Whether you're a finance professional, an entrepreneur, or simply interested in the future of payments in Africa, this is a must-attend event. Gain valuable insights and take part in thought-provoking discussions with industry leaders. 👉 Register now: https://lnkd.in/dAw_vhzD Segun Aina, Chilekwa Banda, Ali Hussein Kassim, Abderrahim HANSALI, Jameelah Sharrieff-Ayedun, Ph.D., Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons)., Ernest Kayinamura, Alex SEA, Kagisho Dichabe, Joëlle Sow, Reuben Mwatosya, Dr. Amira Kaddour 🇹🇳, Josephine Olok, Dr. Andualem Hailu, Benazeer Saïdoo, Noha Shaker, Digital Finance Practitioners Association of Zimbabwe, Association For Digital Finance Practitioners - ADFP Zambia, Association of Fintechs in Kenya, Ghana Fintech and Payments Association, Fintech Association of South Africa (FINASA), Mauritius Africa FinTech Hub, Egyptian FinTech Association, Tanzania Fintech Association (TAFINA), FITSPA Uganda, Fintech Association of Botswana, FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Making Finance Work for Africa (MFW4A), Ripple, Cedar-IBSi Capital & FinTech Lab, Provenir, AFRICA FINTECH FORUM, Ecobank Transnational Incorporated, Cenfri, Africa Digital Financial Inclusion Facility (ADFI), Digital Pilipinas, International Digital Economies Association