FinTech Magazine June 2020 | Page 192

ZAMBIA NATIONAL COMMERCIAL BANK ( ZANACO )

Last time we spoke with Zambia National Bank , it was on the cusp of an accelerated digital transformation set for completion in 2020 . Fresh into the new decade , CDO Wane Ng ’ ambi , details the bank ’ s journey

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T he symbiosis between the telecommunications and finance industry is stronger than ever in Africa , and as technology evolves , many banks are being left behind as a result . One bank in the region that is staying ahead of the curve is Zambia National Commercial Bank ( Zanaco ), which in 2018 , was on the cusp of an accelerated digital transformation set for completion in 2020 . Sharing the bank ’ s success since then is a Chief Digital Officer who understands the relationship between finance and telecommunications better than most , Wane Ng ’ ambi .

“ I love a challenge !” exclaims Ng ’ ambi when asked what drew him to his current role . “ I ’ m not a traditional banker . To me , one of the slowestchanging industries has been banking and financial services . With Zanaco , the whole agenda of taking a very mature , traditional industry and moulding it into a very tech-savvy future-focused one is a fantastic opportunity .” When Ng ’ ambi joined Zanaco in 2018 , he brought 15 years of experience in the
JUNE 2020