According to the third edition of the African Banking Digital Transformation Report, released by African Banker magazine and Backbase, approximately 50 percent of banks in Africa have identified technology adoption as their top business concern. This focus on technology is driven by their desire to shape the future of the banking industry and promote financial inclusion across the continent.

The report also highlights that 19 percent of banks in Africa consider themselves to be "digital native," emphasizing the increasing importance of digital transformation in the sector.

Furthermore, the report emphasizes the impact of digital technology and platforms on the African banking sector, noting that they are making it more dynamic and responsive to customer needs. It mentions that in the past, the African banking sector evolved at a relatively slower pace, with the same banks dominating the same markets year after year. However, the landscape is now changing due to the influence of digital transformation.

Overall, the report underscores the growing recognition among African banks of the significance of embracing technology to drive innovation, improve customer experiences, and promote financial inclusion in the region.

source; The punchng.com

https://punchng.com/50-of-african-banks-to-deepen-tech-adoption-says-report/