AI, blockchain key to financial inclusion – Access Bank

Artificial intelligence and blockchain technologies have the potential to transform financial inclusion in Africa by expanding access to financial services for underserved communities, Chief Information Officer of Access Bank West Africa Region, Emmanuel Morka, said at the Accra Synergy Summit hosted by TD Africa.

The summit, held in Accra, Ghana, brought together tech industry leaders, policymakers, and global technology giants to explore how emerging technologies can drive digital transformation across the continent, TD Africa said in a statement on Monday.

Morka, speaking during a panel session, said AI and blockchain could play a pivotal role in bridging the financial access gap by creating inclusive systems that empower individuals regardless of their socio-economic background.

“AI and blockchain are not just buzzwords; they are game-changers that have the potential to revolutionise financial inclusion in Africa,” he said. “The challenge before us is to develop systems that can reach every individual, no matter their socio-economic status, and empower them with financial tools that drive economic growth.”

The conversation on financial inclusion came amid growing interest in how emerging technologies can help close the financial access gap in Africa, where more than 350 million adults remain unbanked, according to the World Bank.

The Accra Synergy Summit is part of TD Africa’s broader mission to foster digital transformation across Sub-Saharan Africa by building partnerships between tech giants, local businesses, and policy stakeholders.

In her opening remarks, Coordinating Managing Director of TD Africa, Chioma Chimere, described the attendees as the “men and women redefining the technological landscape in Ghana,” emphasising the importance of partnerships in driving digital transformation.

“Our partners are the drivers and enablers of digital transformation across the region,” Chimere said. “By working together, we can create solutions that not only address the needs of businesses but also empower individuals and communities.”

The summit attracted high-profile personalities, including Chairman of Zinox Group, Dr. Leo Stan Ekeh, described as Africa’s foremost tech disruptor; Chief Information Officer of Access Bank and Regional CIO of Access Bank West Africa Region, Emmanuel Morka; former Minister of Agriculture in Ghana, Dr. Bryan Achempong; and Chief Operating Officer of M-Technology Solutions Limited, Chimaraoke Nwogwugwu.

Morka praised TD Africa for creating a platform where stakeholders could engage in critical conversations on the continent’s digital future.

“This summit is a testament to TD Africa’s commitment to fostering digital transformation and providing platforms where crucial conversations like these can take place,” he said.