The digitization of financial operations, what opportunities in the Uemoa space? This is the theme of a lunch-debate, organized this Saturday, July 20, 2019, at the Pullman hotel, in Plateau.
Initiated by the Association of Graduates of the Masters in Banking and Finance (Ad-Mbf) from Cesag, headed by Laurent Ligué, the president, this meeting brought together nearly 100 participants. Coming mostly from the Ivory Coast, but also from Niger and Togo.
On the occasion, the Secretary of State to the Prime Minister, in charge of the budget and the State portfolio Sanogo Moussa, sponsor of the ceremony, was represented by his technical adviser, Daouda Kamagaté. The latter indicated that this theme is at the heart of the development challenges of the financial sector, and therefore, of the transformation of their economies. “Africa missed the industrial revolution. But it must not miss the digitalization revolution. Indeed, digitalization is positioned today as one of the fundamentally irreversible processes for any organization that wants to be efficient and modern.

The 21st century will be a century of digitization,” he said. Adding that it is time to focus on the digitalization of our administrations and the private sector.
He underlined that aware of the stakes, the governments and States of the Bceao, with the support of international banking institutions such as the AfDB, the World Bank, the IMF, are committed to working for the digitalization of the economies of developing countries. of development.” This is why several measures and actions are taken in this direction, in order to achieve this objective. Among others, the development of electronic money and interoperability between digital financial platforms,” he continued. The Minister's technical adviser Sanogo Moussa also noted that Côte d'Ivoire, a country of 26 million inhabitants, has 34 million telephone subscribers, 14 million Internet subscribers, and 10 million Internet users. mobile money, with a daily transaction of about 17 billion CFA francs. "What makes our country a breeding ground where we must develop digitalization," he said.

For his part, the president of the association of graduates of the master's degree in banking and finance stressed that the purpose of this lunch debate was to allow participants to understand the phenomenon of digitization, which is new. "Today's lunch debate, devoted to the phenomenon of the digital revolution in financial operations, therefore contributes to highlighting the challenges and opportunities for all economic players in our young States, with a view to maximizing the value creation, thanks to new
technologies. This, among other things, through more meaningful financial inclusion, throughout society,” he said. Before adding that digitization is a consequence of the digital revolution, which affects all sectors of economic activity.
“For us, digitalization is an opportunity to be able to accelerate the financial inclusion in Africa that our governments want. It was therefore important for us to understand the motivations, the challenges, the opportunities but also the risks of digitalization. Because there are risks in all activities,” he said.
indicated. The ceremony was hosted by a panel attended by several executives from the banking sector.