During the conference 'Digital Adoption: Unlocking Modernization', held this Wednesday in Luanda, the director of EY stated that, given the reality of Angola, where around 50 percent of the population is banked and where it is expected that in 2050, if it reaches close to 73 million inhabitants, there is a "strong potential for the country to approach mobile bank account values at the level of the most developed countries in the region", which "will contribute to effective GDP growth, increased tax revenue and a business environment friendly to foreign and domestic direct investment".
At the event, the person responsible debated the options and challenges of digital adoption in financial services and highlighted that it was technological and digital evolution that "pressured the reformulation of the traditional banking business model".
According to João Rueff Tavares, if technological development and digital adoption by financial institutions have allowed people to carry out operations in a more practical way and carry out financial transactions more quickly, via mobile phones, "the truth is that they have also posed several challenges to banks and customers themselves".
"It is important to adopt a control and management policy over banking activities, to ensure the mitigation of financial crimes and the safeguarding of reputational damage", he argued, also highlighting that it is "crucial to promote information security to mitigate potential cybernetic attacks" .
The conference on Digital Transformation brought together experts from the Telecommunications, Finance, Public Administration sectors and operators in the ICT segment in Luanda, to analyze the current situation of digital adoption in the country, from digital and technological literacy, through financial inclusion and cybersecurity .
