Oluwadare Owolabi
Chief Executive Officer @ ARCA Payments Company LTD.
About
Oluwadare Owolabi is a progressive leader with extensive experience in digitization, electronic payments, and software engineering. An expert in driving profitable results within the fintech, technology and financial sectors. Fintech expert with a skill set in Digital Payments, Mobile Money, financial inclusion, and payment processing with outstanding experience in regulatory and policy formation, payment strategies and consumer behaviour. Proven track record of success in developing strategic, operational and product roadmaps, executing bench-mark IT practices, revamping process efficiency, change management, organizational restructuring, and process improvement. Software engineering expert skilled in implementing large-scale systems across legacy and distributed architectures. Elite presenter with a talent to achieve ambitious outcomes by galvanizing teams, building allies, and selling ideas across organizations. He has good communication and interpersonal skills combined with the ability to build robust relationships and synergy across business lines.
Nigeria
Lagos State
Financial Services
Analytical Skills, Strategic Planning, Digital payments, Software Testing, Integration, Business Analysis, Program Management, Quality Assurance, Business Intelligence, IT Strategy, Testing, Software Development, Project Management, Databases, Software Documentation, Product Management, Process Improvement, Change Management, Management, Analysis
Experience

Chief Executive Officer
Lagos, Lagos State, Nigeria
Lead the creation of payments infrastructure, channels, and acceptance technology for consumers of the products to allow instant payments/transactions in all the retail stores. Established the technology and payments divisions of the company through the execution of strategic business development plans. Develop effective partnership framework and model with two banks to use the retail stores as financial service centers. Administer monetary and financial sector policies, Manage, and monitor all corporate affairs and generate reports for the Board. Strengthened organizational presence within a highly competitive market to conceptualize and lead the new payment initiative across Nigeria. Restructure of the company after investment by new owners. Building new business lines and payment channels. Cutting costs and driving the company to profitability. Develop effective partnership framework and model with like- minded FinTechs, banks and technology companies to create opportunities in the payment space. Manage and monitor all corporate affairs with quarterly reports to the Board. Rebuilding the Human Capital to fit the culture and approved organizational structure.

CEO
Lagos, Nigeria
Planned and proposed comprehensive business policies for client development in adherence to regulatory compliance through collaboration with the firm’s partners while maintaining the firm's core functions. Deliver executive-level leadership and guidance to workforces for accomplishing organizational philosophy, vision, and objectives. Led and oversaw day-to-day functions of the business operations as a board member of two of the subsidiaries (SPX TECH) and Xpress Ghana. Managed and monitored design, marketing, delivery, quality of programs, products, services, and yearly budget as per board approval and allocated/used appropriate organizational resources. Headed and motivated 350 staff members in all the geographical zones with due-diligence and prioritization. Attained five licenses, including PTSP, PSSP, Switching/Processing, Agency Banking, and IMTO from CBN within the first four years. Cultivated solid links with the CEO of Parastatals, governors of states, MDs of banks/regulating bodies, and top government leaders by utilizing effective communication skills. Played an integral role in presenting a strong/positive image of organizational mission, programs, products, and services to relevant stakeholders.

Chief Executive Officer
Lagos, Nigeria
Directed overall aspects of the business operations, including functional/non-functional software testing, quality control, product delivery schedules, strategic plans, budgeting, and resource allocation to ensure the smooth running of the business. Held P&L accountability for the design and incorporation of all third-party product integration to drive revenue streams. Devised and standardized company-wide best practices, specification, guidelines, and inter-departmental communications for business growth. Planned and scheduled training/development programs on software to improve the quality delivery of services. Managed and oversaw 74+ people across the globe to increase operational effectiveness. Chaired and guided managers of the finance, HR, testing, and development units to enhance the working capabilities. Effectively negotiated terms/conditions and closed deals with potential customers to meet required revenue and margin expectations. Streamlined testing activities and released processes which reduced cost by over 25%. Created and managed effective processes for test management, software releases, and defect tracking which resulted in updated and high-quality software deliveries to the company. Decreased costs in system requirements by 50% and technical support by 80% through formulation and execution of scalability/load testing for the company. Enabled the firm growth and attainment of organizational objectives through the provision of appropriate recommendations/information to staff and coordination with partners. Created a more successful and market-driven organization in Nigeria from start-up, increasing annual revenue by $1.5M within the first year. Positioned the company as a solution provider to financial institutions around solution delivery and quality assurance through the implementation of tactical business policies. Established the business in new and competitive markets by promoting the company’s product.

Managing Director/CEO
Lagos, Lagos State, Nigeria
Produced marketing presentations and demo to promote products for multiple exhibitions at regional home shows and governmental agencies. Created a highly effective sales approach with emphasis on personal service, consumer education, and relationship building. Strategically redesigned the ways of promoting and driving the mobile payment initiative with banked/unbanked, literate/illiterate, and banks/non-banking organizations. Administered and oversaw an annual operating budget of over $10M and over 105 employees to improve operational excellence. Developed FETs as a business from the ground to start generating revenue from the third month. Established five major accounts base of fast-moving consumer goods, power distributors, retailers, and telecommunication businesses. Augmented sales year-over-year by introducing advanced sales tools and marketing collateral as well as leveraging referenced accounts to build reliability. Placed FETS as the leader in corporate collection/disbursement and collected NGN 10B+ on the FETs Platform using mobile payment solution in Nigeria. Strengthened product partnered relationships by introducing two new products and establishing two advanced technology- driven channels within the first six months. Achieved Mobile Money License and developed a collaboration platform to move against the Telcos (MTN, Airtel, Etisalat &Glo). Drove the mobile money initiative acceptance forum through The Central Bank of Nigeria and positioned the company as one of the first few companies that got the Mobile Payment License in Nigeria. Maximized market share in mobile corporate collections by 70% through joint ventures.

Group Head of Application Development and Processes
Group Head of Application Development and Processes 57 Marina LAGOS, NIGERIA Responsible for Application Development, Business Analysis, Software testing and Quality Assurance. Responsible for coordinating multiple projects and product release cycles, leading discussions and decision-making on platform and architecture issues and deployments.

Program Manager, SAP Testing & Quality Assurance
Established the SAP test Practice Division which required business development, developing the SAP infrastructure and talents and developing relationships with numerous application integration providers in the world. Responsible for Hewlett Packard's SAP Test Practice in United States. Formulate strategies and plans for analyzing business processes to identify priorities and develop assignments for major re-engineering, restructuring and implementation of transformation plans.

Director Quality Assurance
ASD Development
Responsible for overall Software Testing and Quality Assurance, of the group.
Education
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