Uganda to host summit on banking and ICT in East Africa
Uganda is set to host the first of three Annual East Africa Banking and ICT summits planned in 2014, organised by Cyber Security Africa.Uganda is set to host the first of three Annual East Africa Banking and ICT summits planned in 2014, organised by Cyber Security Africa.
This year's banking and ICT summit will include technical and practical sessions, lectures and
on various topics such as mobile banking, ATM security solutions, cards and payments security solutions and fraud and risk management solutions.
Participants will also be able to gain knowledge of the latest IT security solutions, software data consolidation service providers, enterprise risk security, cloud and social networks and protection of critical infrastructures.
In addition, the summit will also host debates on the importance of creating a multi-channel strategy as well as customer-centric payment methods and cyber security
to protect an interconnected world.
In East Africa mobile banking has revolutionised the banking landscape. A new study by the Kenya Bankers Association (KBA) has revealed that 60 per cent of Kenyans use their mobile phones for banking and financial services.
In Uganda mobile banking was slower to take off, but usage has been growing fast in recent years. According to newspaper The East African, the number of mobile banking subscribers in the country rose from 2.9 million in 2011 to nearly nine million by the end of 2012, with four mobile phone networks now competing to attract customers to their own banking platforms.