Emefiele warns banks on emerging threats
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has charged banks and other financial institutions to be proactive about the emerging threats posed by financial technology (fintech) to avoid crisis in the sector.
Experts tip blockchain tech to grow GDP through underwriting
With the nation’s insurance industry contributing less than 0.1 per cent to Nigeria’s Gross Domestic Product (GDP), experts have recommended the Blockchain Technology (BT) to be the catalyst of growth to nation and the insurance industry.
Lagos law firm seeks to boost investment in financial technology
In order to find ways to build and identify opportunities that allow investors to invest in the growing financial technology sector (Fintech), a Lagos-based law firm, Duale, Ovia & Alex-Adedipe (DOA), has decided to hold its inaugural business series on the topic.
Fintech offers blockchain solution to boost ecosystem
Fintech Worldwide Ltd. in association with Eka, a company focused on continued expansion of technology and financial services hubs across the globe, has partnered with some tech giants and financial experts to offer the Nigeria public the Blockchain technology, as key to boasting a thriving ecosystem. The Blockchain technology is described as a peer-to-peer version…
FinTech stakeholders urge banks to improve PoS capacity
According to them PoS has an important role in Central Bank of Nigeria (CBN) financial inclusion policy.Emmanual Agha, managing director, Innovectives LLC, who delivered keynote at the event, said that PoS device is like a mini bank where bank customers can do everything they can do in a banking hall.
Banks outsource payment gateway services to Fintech
Some money deposit banks have started the outsourcing of their payment gateway services to payment platform providers, in a bid to ensure...
‘FinTech opportunities lie in the unbanked’
To make maximum impact, Financial Technology (FINTECH) companies have been advised to concentrate their energy largely on the unbanked.
Regulator seeks banks’, fintech’s partnership for improved financial inclusion
The Central Bank of Nigeria (CBN) has again called for a synergy between banks and emerging financial technology companies (Fintechs) in efforts to accelerate the progress recorded in financial inclusion project in the country.