Tuesday, 6th June 2023
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Digital Banking

5 Feb
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.
30 Jan
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,…
21 Dec
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…
12 Jan 2022
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.
4 Sep 2021
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…
9 Mar 2021
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.
26 Feb 2020
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.
21 Oct 2019
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.
3 Sep 2019
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...
21 Dec 2018
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...
2 Nov 2018
Banking software provider Temenos is increasing the development of artificial intelligence capabilities throughout its digital banking platform.
3 Oct 2018
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…


14 mins ago
The speaker of Nigeria’s House of Representatives, Femi Gbajabiamila says that the Federal Government will continue to dialogue with the labour leaders on the implementation of the agreed terms.
47 mins ago
The Economic and Financial Crimes Commission, (EFCC) will appeal the judgment of the Federal High Court Abuja, which today acquitted a former Head of the Civil Service of the Federation, HoS, Mr Stephen Oronsaye of the N2bn money laundering charge brought against him and others by the Commission. In dismissing the charge, Justice Inyang Ekwo…
4 hours ago
The Speakership bid of Dr. Tajudeen Abass is gaining momentum by the day despite stiff resistance by his fellow contestants led by the outgoing Deputy Speaker of the House, Ahmed Wase.
4 hours ago
More intrigues, yesterday, trailed the industrial action called by organised labour to protest against the removal of petrol subsidy.
4 hours ago
As labour unions warm up for industrial action against the recent petroleum subsidy removal, many Nigerians and of course, observers from across the world are wondering about its likely implications for the ongoing election petition at the tribunal.