Fintechs can aid identity management, bridge financial inclusion gap
With support and investments, Financial Technology (Fintech) companies in Nigeria can be instrumental to bridging identity management and financial inclusion gaps.
Fintechs push insurance schemes for West Africans
Financial Technology companies are currently pushing insurance schemes for millions of West Africans, especially in Nigeria.
Investments in Fintechs in Nigeria, SSA hit $357 million
Over the last 12 to 18 months, Sub-Saharan Africa (SSA) has emerged one of the fastest growing financial technology (Fintech) hubs in the world...
Banks, Fintechs, telcos under investigation for data privacy breaches
The National Information Technology Development Agency (NITDA), is currently investigating some Nigerian banks, financial technology companies (Fintechs), and telecommunications companies (telcos) for alleged breach of data privacy rights.
‘Consumer protection key to sustainable fintech ecosystem, financial inclusion’
The Central Bank of Nigeria (CBN), has stressed that financial technology companies (Fintechs) are germane in accelerating financial inclusion in Nigeria, but this must be done without eroding public confidence in the system. CBN added that consumer protection is key to developing a sustainable Fintech ecosystem, while introducing new service models to Nigerians. …
FBN emphasises use of AI, offers N5.25m in grant to fintechs
First Bank of Nigeria (FBN) wants financial institutions to optimise technology disruption for accountability, efficiency and drive competitive edge in the market.
Strengthening Fintechs through open collaboration
In a highly innovative financial services sector, the cooperation between perceived competitors will continue to be a huge driver of profitability, efficiency and sustainability.
‘Banking industry remains viable despite emergence of Fintech’
As technology continues to impact activities in the country’s financial space, the Chairman of the Lagos chapter of the Chartered Institute of Bankers of Nigeria (CIBN), Kola Abdul, has said the changes in the industry will not affect the viability of banks. Speaking at a press conference to announce the upcoming 2018 Lagos Bankers…
Why technology is crucial to inclusion, by Muga
Technology is crucial to development, especially when the need comes up to drive inclusion and connectivity. When you talk about financial inclusion, from the human perspective...