Artificial Intelligence has been described as a key component that will help accelerate Africa’s drive towards achieving open finance and bridging the continent’s $120 billion lending gap.
SMEs have been charged to embrace business growth opportunities offered by digital identity and consumer analytics to scale their operations and unlock growth within the ecosystem.
Nigeria's progressive shift towards digital identities has been estimated as capable of contributing seven per cent in real GDP to the economy by 2030, according to a report.
Nigeria's progressive shift towards digital identities has been estimated as capable of contributing seven per cent in real GDP to the economy by 2030, according to a report.
FinTech operators in Nigeria have been charged to digitise their Know Your Customer (KYC) and customer onboarding processes in order to drive scale and unlock the potential of the sub-sector.
Stakeholders and experts in the technology and insurance sectors of the economy have stressed the need for a policy mandate to make digital identity compulsory as a means of driving insurance growth.