 Stakeholders in the digital space have converged on the Fintech Summit in Lagos to explore how trends in financial technology can touch societies and improve the standard of living. This was the focus of the first edition of the Fintech 2022 summit put together by Techpoint Africa, our correspondent Emmanuel Oluberboko reports. Gardened after these all are stakeholders in the Fintech industry. The focus of the summit is on to address inherent challenges in the financial industry through technology while also deepening financial inclusion, which has been a huge challenge across the world, especially in Africa. To translate these opportunities into reality, these need to create a realistic framework through regulations. Innovative approaches which meet and support market expectations are brought to the fore. Askers to loans seems to be permanent on the minds of Nigerians who need funds to go about their daily activities and business. The narrative has been asked everyone before now. 2016, I think it was around 34%. At that time, so we're making progress. We're not there yet. But I think if we keep backing companies, deciding to include the excluded people, we'll make even more progress. The money that you have in your hand now, something happens to it. It can get missing. It can burn. It can be illegal tender, looking at the new currencies and all of that. So to avoid any of those issues, to avoid stories that touch, it's great for you to embrace fintech such that you have money. It may not be physical cash, but it is somewhere, you know, in the atmosphere. I'm just joking. But you know, it exists somewhere and you are able to monitor what goes in, what goes out. If you have a problem or you have a particular focus or something you're trying to do, that alone would attract people that will be willing and able to invest in that particular idea. So from an idea perspective and trying to solve a problem that is clear to everyone, if you pitch that to those that matter, whether it's the venture capitalists or whether it's a bank, I think that makes or opens the window for you to get the kind of funding that you would need to actually solve that problem. According to global consensus, achieving perversive financial inclusion remains a global challenge with as much as 54% of adults worldwide being financially excluded. Emmanuel Olububukun, plus TV news.