President/Chairman of the Council of the Chartered Institute of Bankers of Nigeria , Dr. Ken Opara, has called on banks and other companies to be more aggressive in technology adoption to gain a competitive edge in the corporate space.
He said every business organisation has no option but to work towards becoming “a tech company” if it wants to survive the emerging competition. “Smart adoption of the right products and services does not just give you a competitive advantage, it can provide opportunities to increase productivity and efficiency, reduce business costs and grow the bottom line.
He said new technologies are redefining speed to market, quality and purpose-built solutions and that those who would gain an advantage in the areas were first movers in the latest innovations and cutting-edge applications technology churned out daily. Whether in banking, payment system or social services, he said, efficiency would be largely determined by the successful incorporation of third-party technology.
Source: News Formal (newsformal.com)
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