E-Business
Agile Financial Technologies Makes CIO’s Top 10 Solutions Providers
Agile Financial Technologies, a leading software provider for insurance, banking and financial services sectors, announced that it has been ranked amongst the top 10 promising Banking, Financial Services and Insurance (BFSI) software solutions providers by CIO Review magazine.
Agile FT was selected for its excellence in delivering top-notch software solutions to BFSI companies, its innovative approach towards customers and its achievements over the last few years.
“We are happy to make it to the top 10 list of most promising BFSI software solutions providers, which is an honour and an achievement for us. Since our customers are in the financial services sector, which is heavily regulated, we need to ensure compliance and availability of all the statutory and regulatory reports that are desired by our customers. We also enable our channel partners by training them extensively on the implementation and support processes surrounding our software and equip them with the capability to cater to the ever changing regulatory requirements of those countries. This strategy has given us the agility to operate in, enter and penetrate new markets quickly,” said Kalpesh Desai, CEO, Agile FT.
Over the last few years, Agile FT has emerged as a leading provider of enterprise software to the banking, financial services and insurance sectors, with a growing customer community of leading banks, insurance companies, investment management firms and financial institutions across 20 countries. The company’s focus has been to continuously enhance the core functionality of their already strong product offerings in insurance, investment management and capital markets, lending and bancassurance. Agile FT has recently introduced mobile apps that would allow their customers’ insurance agents to automate their mobile field force and agents and provide a 360 degree sales and service capability.
“Agile Financial Technologies has been on our radar since their selection in 2013’s 10 Most Promising BFSI Software and Solution Providers and we are happy to showcase them this year due to their continuing excellence in delivering top-notch solutions to the BFSI Sector,” said Christo Jacob, managing editor, CIO Review.
“AgileFT’s solutions continued to break new ground within the past year benefiting its customers around the globe and we’re excited to have them featured as one of the Most Promising BFSI Solution providers.”
Agile FT’s solutions enable the revenue generating capabilities of their customers who are the largest banks, asset managers and insurance companies in the geographies they operate in.
The company’s products have also been ranked by various analyst firms, which is a validation of their strategic focus and execution. It has received many accolades, some of which include Star of Business award by SME Advisor Middle East in 2012, while Agilis Investment Management was recognized by “World Finance (UK) as the Best Asset Management Software in the M.E.” in 2011 and the company was ranked by Red Herring amongst the top 100 companies in Asia in 2012.
E-Business
Amazon CEO Says AI will Reduce Number of Workers Needed

Amazon’s management on Wednesday said that it expects that artificial intelligence software will reduce the number of office workers at the world’s largest online retailer.

Andy Jassy, chief executive, Amazon
“We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs,” Andy Jassy, chief executive, Amazon wrote in an email to employees.
He said it was difficult to predict how the overall workforce will evolve, but in the next few years, it is expected that AI efficiency gains will lead to a reduction in the number of office workers.
According to earlier reports, Amazon employed around 1.5 million people worldwide, with approximately 350,000 office employees in various roles.
The Wall Street Journal reported that the company does not anticipate further large-scale layoffs, as seen in 2022 and 2023, in the near future.
Instead, it expects that vacant positions will not be refilled.
However, layoffs are not ruled out, according to sources familiar with the matter.
“Amazon is focusing on so-called AI agents, software capable of independently performing tasks. These agents could, for example, summarise information from the web and data sources, write software, translate languages and automate many time-consuming tasks,” Mr Jassy explained.
“Agents will be teammates that we can call on at various stages of our work,” he added, urging employees to experiment with AI whenever possible.
The impact of AI on the job market has been a concern for many years.
Recently, Spotify, the leader in music streaming, announced that teams requesting additional staff would first need to prove that AI could not perform the tasks.
The creators of the language-learning app Duolingo plan to gradually replace external workers with AI.
E-Business
BPP Partners NDPC to Strengthen Data Protection

Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.
He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).
Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.
He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.
“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.
Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.
He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.
“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.
He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.
According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.
Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.
He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).
“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.
Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.
He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.
Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.
Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.
E-Business
FG Mulls Fibre Optic Layout to Bridge Internet Gaps

President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.
His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.
He said the fibre optic layout is part of other projects being embarked on.
“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.
“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.
He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.
In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.
The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.
Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.
It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.
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