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BANKS SHOULD HAVE A SHARP ‘SHIFTING SPANNER’ IN ZAMBIA’S DOMESTIC MARKET!

Dear Editor,

I THINK the banking and finance sector in Zambia needs to continue creating cost-crossing solutions to anchor socio-economic goals.

The finance and banking fraternity in Zambia should now act like a “shifting spanner” to suit the dynamic economic trending patterns, and there is a strong need to indulge into innovative banking ideas or financial solutions that can also cater for the good of community banking models to encourage them going on schemes of both savings and financial investments at their levels of reach.

I do understand clearly that the retail market for the banks has received a very serious technology disruptions mainly based on the events over taken by most FinTech systems on the local market through various mobile transmissions.

But the banking fraternity still needs to remain relevant and should indulge into innovative ideas, plan to embrace creative financial solutions, and should also remain vehemently strong right on the top of things in order to compliment with the efforts and demands coming out from the emerging technologies.

KELVIN CHISANGA.

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