The 1st annual Ghana-Israel Fintech Summit dubbed GIFS2022 will take place June 1-2, 2022.
The summit aims to provide a platform for participants to engage and interact with the brightest minds in the Ghanaian and Israeli fintech sectors. The summit will offer engaging panels, participation in thematic workshops and provide networking opportunities for senior level fintech professionals from Israel and Ghana.
The organizers and partners include a range of key government and private sector stakeholders: The Israel Trade and Economic Mission to Ghana, The Embassy of Israel in Ghana, Israel Export Institute, IT Consortium, and Zeepay.
The summit will include the participation of a delegation of leading Israeli Fintech and Cyber companies, leading Ghanaian Fintech (and related) companies, government stakeholders and regulators, and senior industry professionals.
The summit will focus on practical panel discussions, workshops, B2B’s, and work meetings.
Panel discussions are set to discuss “Managing Cyber Risks and Fraud – a key factor for business resilience and growth”, “Harnessing technology to enable access to lending and insurance for Financial Inclusion”, and “How are blockchain technologies reshaping trading and investing?”
Workshops will include sessions on fraud prevention, cloud security, data storage, cybersecurity for finance, and financial inclusion.
The Israel Trade and Economic Mission
The Israel Trade and Economic Mission to Ghana is an agency of the Foreign Trade Administration under the Israeli Ministry of Economy and Industry, and works under the auspices of the Israeli Embassy in Ghana.
Our mission is to promote, enhance and facilitate trade, investment and industrial R&D between Ghana and Israel.
The Trade Mission’s work is organized into several key sectors, including agricultural technology, cyber, fintech & insure-tech, health, telecommunications, homeland security, mining and construction tech, and water technologies – among others.
The Trade and Economic mission works tirelessly to develop strategic bilateral partnerships and valuable collaboration prospects between companies in both countries.
Fintech in Israel and Ghana
Over the past few years, the Israeli fintech industry has established itself as a frontrunner in financial innovation, boasting several unique strengths that have enabled its success within the global market. These include recognized local expertise in such cross-over technologies as cybersecurity, big data analytics, and AI, as well as an active and diverse entrepreneurial fintech community with a global outlook.
Israel has now grown its fintech portfolio to more than 750 startups and companies. Including over a dozen fintech unicorns in sectors such as payments, insurtech, lending, banking and more.
In Findexable’s 2021 Global Fintech Rankings, Israel ranked in the top three countries for fintech, behind only the US and UK. Tel Aviv was no less impressive, ranking 5th in the fintech hub rankings. Amongst the cutting-edge fintech offerings coming out of Israel are solutions for payments, back-office operations, anti-fraud, insurtech, personal finance, lending and financing, and trading and investing.
In the African context Ghana is considered a fintech hub with the mobile payments sub sector growing at an exponential rate and rated number three in the world in terms of mobile payment usage. The active fintech ecosystem creates many challenges such as exposure to fraud, as well as many opportunities for further growth and spinoffs. Israel’s varied and creative fintech ecosystem has many exciting offerings highly relevant to mobile payments and other fintech needs in Ghana.
Collaboration between Israeli and Ghanaian fintechs holds much potential for further innovation, scale-up, creative solutions and broader market reach.