In tandem with the widespread adoption of digital banking and virtual solutions in the African financial sector, Fintrak Software, a leading financial technology (fintech) software developer based in Lagos, Nigeria, is set to host a groundbreaking webinar titled “Managing Financial Reporting: Navigating Global Accounting Standards and Compliance” this December
The webinar aims to shed light on the imperative for financial institutions, especially banks, in Africa to align with the International Financial Reporting Standards (IFRS). IFRS, established by the International Accounting Standards Board (IASB), serves as the global benchmark for transparent and comparable financial reporting across borders.
Fintrak Software has emerged as a pivotal player in this space, offering one of the most internationally recognized software solutions for banks, mortgage houses, and other financial entities. Their IFRS reporting software minimizes human error, ensuring compliance with the stringent standards set by IFRS.
Bimbo Abioye, the Group Managing Director of Fintrak Software, emphasized the significance of standardized reporting for businesses, stating, “Standardization of reporting requirements gives business entities the same leverage international companies have, as well as a greater level of confidence by market operators, potential investors, and analysts.”
Abioye further highlighted the pivotal role of financial reporting systems in achieving continuous and sustainable reporting, emphasizing the need for companies to invest in solutions that guarantee compliance with IFRS and country regulatory bodies. He remarked, “The use of financial reporting software is very crucial for efficiency and effectiveness.”
The webinar will feature key industry experts, including Oyerinde Oye, a seasoned accountant, Chukwukadibia Okoye, a top executive at the United Bank for Africa, Abiodun Oyekunle, a top executive at Fintrak Software, and other seasoned industry stakeholders. Topics covered will range from IFRS adoption challenges to the efficient deployment of Fintrak’s IFRS 9 software for streamlined and error-free reporting.
Fintrak Software invites industry stakeholders, financial professionals, and interested parties to participate in this insightful webinar, where the convergence of digital banking, international financial reporting standards, and cutting-edge technology will be explored in-depth.
Fintrak Software is a leading fintech software developer based in Lagos, Nigeria, specializing in providing innovative solutions for banks, mortgage houses, and other financial institutions. With a commitment to excellence and adherence to international standards, Fintrak Software has become a trusted partner in the digital transformation of the African financial sector.
