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UK teams up with Nigerian fintechs to improve operations

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L- R Segun Akerele – EFInA Board chair, British High Commissioner – Paul Arkwright, Alderman Charles Bowman – Lord Mayor city of London, Laure Beaufils – British Deputy High Commissioner and Tunji Eleso- Managing partner CcHub Growth Capital Fund at the FinTec Roundtable.

Group partners CSOs to check poverty, illiteracy
The United Kingdom (UK) has indicated interest in partnering the Financial Technology Association of Nigeria to help the industry thrive better in international innovations.

Lord Mayor of London, Charles Bowman, announced the collaborative effort during a session hosted at Facebook Hub in Yaba, Lagos.

With this partnership, Nigeria’s Fintech firms would have access to global best practices through training and information, which would in turn remove barriers to accessing international grants and partnerships.

Bowman said financial technology institutions in Nigeria have done well with the resources at their disposal, hence the collaboration to make them better.

He further said the UK is committed to helping Fintech firms get better in their operations through better innovation, to drive financial service delivery to their local and international customers.

“We have a rich history in creative energy in innovation in London. The sector is all about collaboration and this collaboration is key to financial technology hub and digital revolution in financial service inclusion,” he said.

President, Fintechs Association of Nigeria, Segun Aina, described the collaboration as a good move for local firms, which would boost the nation’s economy when financial transactions become less stressful.

Representative of the Central Bank of Nigeria, Aisha Isa-Olatinwo, who urged the Fintechs to leverage on the collaboration, said money-value services were a national strategy, which could only be achieved collectively.

Meanwhile, a United Kingdom (UK)-based charity organisation, We-Make-Change, is partnering civil society organisations (CSOs) in Kano to fight poverty, illiteracy and communal crisis in the North.

Its founder, James Sancto, who disclosed the plan at a stakeholders meeting with NGOs in Kano, promised to use its foreign resources to rebuild communities and vulnerable people in the North.

James, who was on a fact-finding mission to Nigeria for the first time on the invitation of Mallam Aminu Kano International Foundation (MAKIF), noted that the country was blessed with human and natural resources that could change the fortunes of Africa.


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