Senator Nkechi Nwaogu, Senate committee chairman on banking is expected to be part of the dignitaries that will grace the forth-coming Microfinance Bank Technology Forum being organized by foremost financial services application solution provider, Progenics Corp Limited.
The Senate committee chairman on banking, insurance and other financial institutions, is scheduled to be the special guest of Honour for the maiden event.
While accepting to be a part of the industry-shaping forum that is due to be held in Sheraton Hotel Lagos come 17th of July, the distinguished Senator affirmed that the decision to be a part of the event is in line with the policies of the federal government to encourage and partner with the organized private sector (OPS) that are contributing positively to the growth and development of the nation’s economy. According to her, ‘my committee takes special interest in supporting any group or individual who are in any form adding value to the economic development of the nation, especially in the Microfiance enterprise sector which is targeted at social empowerment and eradication of poverty amongst our people’.
In his reaction, Tony Udoh, managing director of Progenics, stated that the Microfinance Technology forum will benefit immensely from the presence of the distinguished Senator who incidentally has a solid background in the Banking sector as well as having a passion for the development of the microfinance bank sector.
"The overall benefit of the forum is to showcase to the microfinance banks the way and manner technology, especially application solutions, can enhance their operations", he said.
The avenue will also be used to unveil the latest application solution from the stables of Progenics for the Microfinance Banks called SymbolsM®. The application, which will be publicly unveiled during the technology forum, is coming into the market with tested modules that benefits from the successes and tested values of Progenics’ highly functional Banking application solution CorpBank®. As a scaled-down version of this robust application, SymbolsM has been designed to be the complete answer to the challenges of the technology requirements of the local Microfinance Banks.