• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

ACAMB Urges Adoption Of Ethical AI In Banking Sector

by Olushola Bello
2 months ago
in Business
ACAMB
Share on WhatsAppShare on FacebookShare on XTelegram

The Association of Corporate Affairs Managers of Banks (ACAMB) has emphasised the need for ethical artificial intelligence (AI) in the banking sector.

Advertisement

The Association made the call at its 2025 stakeholders’ conference held yesterday in Lagos with the theme, ‘AI and the Future of Trust: Reimagining Banking and Financial Services in a Digital First Era’.

President of ACAMB, Rasheed Bolarinwa, said the theme for the conference was timely and important.

Bolarinwa explained the current realities of technological transformations driven by AI and digital technologies were redefining customers’ expectations in banking and financial services.

“Our mission at ACAMB has always been to foster excellence in corporate communications and stakeholder engagement across the banking industry.

RELATED

Flight Cancellation: NCAA Launches Complaints Automation Portal

NCAA Launches First SERVICOM Integrated Service Charter

9 hours ago
Equities Market Extends Rebound With N204bn Gain

Equities Market Extends Rebound With N204bn Gain

9 hours ago
ADVERTISEMENT

“This conference embodies that purpose by convening thought leaders, innovators, regulators, and practitioners to shape the future of our industry responsibly and sustainably,” he said.

He urged stakeholders at the event to challenge assumptions and collaborate toward building a financial ecosystem where trust is not just maintained but enhanced by technology.

President of the Chartered Institute of Bankers of Nigeria (CIBN), Prof. Pius Olarenwaju, explained how technology drove revolutions that introduced speed and efficiency into banking operations.

ADVERTISEMENT

Olarenwaju said, if trust and integrity were taken out of banking, it would be left with nothing, hence the need to prioritise these virtues to gain public confidence toward embracing AI.

He said that the post-industrial revolution, the second, third, and the fourth industrial revolutions were all powered by something called general-purpose technology.

The president, represented by the CIBN’s Registrar, Akin Morakinyo, urged the public to embrace the changes of AI so as not to be left behind and also to enjoy banking service efficiency.

Delivering a keynote, managing partner, Verraki Africa, Niyi Yusuf, said AI is not new while explaining the evolution of the technology from the 1950s era till date, transforming all sectors.

Yusuf, who is the chairman of the Nigerian Economic Summit Group (NESG), called for tailored financial services AI algorithms for Africa, instead of relying on methods developed for advanced economies.

He explained the challenges and risks of AI as well as the solutions architecture needed toward retaining customers’ trust to continuously embrace technology.

He said the banking industry was one of the first sectors to embrace and adopt AI, using it to drive efficiency, comfort, and speed.

He explained the use of AI for financial inclusion, fraud prevention, workforce transformation, and efficiency.

“The future of AI in banking is not just about automation or efficiency, it’s about trust, earning and maintaining customer confidence in a digital-first world,” he said.

ACAMB is a non-profit body established to foster interaction among Corporate, Marketing Communications/Public Relations Managers in the Banking sub-sector of Nigeria’s financial industry to project its positive image.

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Association of Corporate Affairs Managers of Banks (ACAMB)
SendShare10170Tweet6356Share
ADVERTISEMENT
Previous Post

CRFFN Decries 75% Manual Freight Logistics Operations, Initiates Digitisation

Next Post

FIRS, AFRITAC West 2 Deepen Collaboration On Taxpayer Services, Digital Reforms

Olushola Bello

Olushola Bello

You May Like

Flight Cancellation: NCAA Launches Complaints Automation Portal
Business

NCAA Launches First SERVICOM Integrated Service Charter

2025/08/27
Equities Market Extends Rebound With N204bn Gain
Business

Equities Market Extends Rebound With N204bn Gain

2025/08/27
State Of Emergency In Rivers: Way Forward
Business

Tinubu Bans Raw Shea Export For Six Months, Eyes $300m Revenue Boost

2025/08/27
Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu
Business

Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu

2025/08/27
Renaissance Energy Africa Reaffirms Commitment To Safety Operations
Business

Renaissance Energy Africa Reaffirms Commitment To Safety Operations

2025/08/27
Dangote Cement Records Impressive Topline Growth, Sustains Profitability
Business

Dangote Cement Urges Multi-sector Collaboration To Combat Youth Unemployment

2025/08/27
Leadership Conference advertisement

LATEST

Federal Gov’t To Train 7m Youths In Digital Skills

2027: Despite Endorsing Tinubu, APC Throws Presidential Ticket Open

Akpabio Charges Nigerians On Maintenance, Protection Of Gov’t Facilities

Osun Monarch Jailed 56 Months For COVID Fraud In US

Gov Radda Cuts Leave Short To Visit Community Attacked By Bandits In Katsina

2027: FCT PDP Stakeholders Reject Zoning To South, Endorse Olawepo-Hashim

Okigwe Killings Represent Governance Failure – Ihedioha

Nigeria’ll Rise On Tech, Food Security — Tinubu

Oyo APC Tasks INEC On Hitch-free Voter Registration Exercise

Security Agents Arrest 2 Suspected Vandals In Akwa Ibom

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.