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Nairametrics
Home Business News

50 Children empowered to change the face of banking in Nigeria

Chidinma Nwagbara by Chidinma Nwagbara
August 21, 2019
in Business News
Cost pressure dampens earnings growth outlook, Cadbury releases FY result for 2019, grows profit by 26%, Cadbury makes some board changes

Oyeyimika Adeboye, Cadbury Nigeria MD

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In a bid to help spread the importance and relevance of Artificial Intelligence (AI) and Robotics in the country, Cadbury Nigeria has partnered with Edusko Africa and Techeduhub to train 50 children in Lagos. 

According to Cadbury, the aim of the training was to sensitise the children and keep them on track on how the world is evolving and how AI and Robotics are changing the face of banking in the world today.

The organization also wanted to help the children improve their technical knowledge and enhance their skills, considering the global digital revolution happening in the world. 

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[READ MORE: Sterling Bank dedicates 10% loan portfolio to supporting agriculture]

Artificial Intelligence refers to the use of a computer to replicate human intelligent behaviour. It is usually used to help proffer solutions with little or no human intervention. 

How AI and Robotics are evolving banking: AI and Robotics are no doubt becoming fast–growing trends in the Nigerian banking sector. Zenith, Access, and Stanbic IBTC Banks are already taking advantage of it to provide a seamless process to customers. 

The technologies can help in fraud detection, credit allocation and risk management, amongst others. It is also important in customer service. Through AI, banks and fintechs now have customized chat boxes that offer personalized responses to fit each customer’s needs on their banking sites and apps.  

[READ ALSO: Dangote, Jim Ovia drum support as KPMG launches first digital centre]

Examples of AI–enabled systems are virtual assistants like Apples’ Siri, Amazon’s Alex and Google Apps navigation system which uses analytics to correctly estimate traffic conditions in order to detect efficient routes for the user. 

This Cadbury’s initiative also offered certificates to children who performed outstandingly during the course of the training as the children were asked to build drones, 2D games, and robotic cars, amongst others.


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Tags: Artificial intelligence and roboticsBankingCadbury
Chidinma Nwagbara

Chidinma Nwagbara

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - chidinma.nwagbara@nairametrics.ng

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Comments 1

  1. abolade says:
    August 21, 2019 at 2:24 pm

    use of simple english

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