In a recent address at the CFO Survey Mozambique presentation conducted by Ernst & Young last month, Moza Banco’s CFO, Devan Manmoandas, highlighted the pivotal role of human capital investment in driving successful digital transformations, particularly within financial institutions.
He emphasised the inherent challenge of technology adoption without addressing the user mindset towards change. “While investing in innovative technology is crucial, it is equally important to ensure that employees are equipped with the necessary skills to navigate and leverage these advancements effectively”, he said. Acknowledging the accelerated digital evolution spurred by the Covid-19 pandemic, he commended Mozambique’s rapid progress in embracing digitalisation. He cited the bank’s own experience of streamlining operations through integrated systems as a testament to this progress.
Furthermore, he emphasised the critical importance of organising and protecting financial data in digital transformation strategies. He stressed that prioritising financial data management is essential for maximising returns on investment in technological infrastructure.
Moza Banco recognises that the effectiveness of technology ultimately depends on skilled personnel who can leverage it to drive positive outcomes. Through ongoing efforts to enhance employee skills and cultivate a culture of digital readiness, the bank aims to position itself at the forefront of the digital banking landscape in Mozambique.
For more information on Moza Banco visit www.mozabanco.com
