Amid the growing hardship that the Central Bank of Nigeria (CBN) naira redesign policy has inflicted on Nigerians, monetary and economic experts say the situation could lead to a host of negative unintended consequences, which may hit the deposit money banks hard.

Like e-commerce, digital banking has exploded globally since the pandemic. So much so that experts project digital banking users to reach over 3.6 billion globally by 2024. In the United States, for instance, 203 million Americans used online banking services in 2022, according to bankrate.com, while 93% of users in Great Britain prefer digital banking,…

Digital bank, Gomoney, has expressed its readiness to simplify bills payment for Nigerians and improve the digital ecosystem. Gomoney said it has positioned itself as a full-fledged digital service provider that understands customer’s needs and aspirations, living up to its promise of being ‘’the bank users deserve.’’ According to it, one thing everyone deserves is…

United Bank for Africa says that it has concluded plans to commemorate the fourth year anniversary of its flagship artificial intelligence, Chatbot, Leo, with new offerings set to further change the face of digital banking in Nigeria.

In a bid to ensure that both the unbanked and under-banked citizens of the country have access to financial services, an innovative personal finance app called ‘Branch’ has been launched. Research shows that while there has been some progress in achieving better financial inclusion in the past few years, there are still several hassles such…

United Bank for Africa Plc is changing the face of digital banking services with its new mobile banking app aimed at delivering first-rate services to customers.

As digital innovation positions as the future of payments, opportunities abound for organisations and financial institutions to solve some of the world’s biggest challenges and enhance large-scale productivity.

The financial services industry, like many others, is under pressure. There are the threats of disruption and disintermediation, a complex regulatory environment, fraud and cybercrime and the burden of legacy systems.

With digital banking market set to cross the $9 trillion mark by 2024, the Chartered Institute of Bankers of Nigeria (CIBN) has charged the financial sector to leverage digital banking...

The adoption of digital banking by banks and fintechs as well as digital transformation by other service oriented organisations as a key strategy have raised...

Banking software provider Temenos is increasing the development of artificial intelligence capabilities throughout its digital banking platform.

Four financial institutions get ‘5 star’ ratings 76.3% of bank users prefer to use mobile banking apps A five-month survey on the banking community in Nigeria has revealed huge customer dissatisfaction to some of the digital banking services rendered by financial institutions. The survey conducted by Agusto&Co unveiled to journalists in Lagos, today showed that…