Lack of synergy between regulators, fintech developers killing innovations—BHIU
Leading independent market research arm of Business Hilights Group, the Business Hilights Intelligence Unit (BHIU), has released its third quarter report on the Nigerian Financial Sector, saying the major drawback in the growth of Financial Technology (FinTech) sub-sector of the…
EcobankPay hits N1bn transaction mark with 90,000 merchant locations
Latest Ecobank Nigeria latest innovative product, EcobankPay, the lifestyle digital payments and collections service is currently changing several narratives on financial technology (Fintech) value chain in Nigeria. Apart from grossing over N1 billion in cumulative transactions value, currently services has…
Just in: MTN Nigeria unveils Yello Digital Financial Services Limited to lead Fintech
MTN Nigeria today (Monday, July 29, 2019) announced the coming on stream of its subsidiary, Yello Digital Financial Services Limited (YDFS) has been granted a full Super Agent Licence by the Central Bank of Nigeria (CBN) to drive financial technology…
NCC, CBN missing as M’Money Agents seek better operating security environment
Barely two weeks after the Ghanaian lead telecoms regulatory agency, National Communications Authority (NCA) rolled out operating regulations to guide mobile money transactions, the Association of Mobile Money Agents of Nigeria (AMMAN), has called for seamless operating security architecture. At…
CBN steps up CMR to drive regulatory framework on FinTech
As Financial Technology (FinTech) continues to show serious growth and consolidation in driving seamless digital payment system in Nigeria, the Central Bank of Nigeria (CBN) has repositioned to harness the sub-sector with secured control for safety purposes. Accordingly, the bank…
Trump’s view on FinTech regulation may disrupt global financial regulation
The global financial sub-sector has been under serious pressure since the evolution of digital payment solutions from Financial Technology (FinTech) operators who are beginning to be seen as serious threats to traditional banking service providers. However, due to the clear…
Bank Directors’ Association of Nigeria, cybersecurity and future
Leading interest groups and opinion leaders in the nation’s financial circle have continued to rise up to the inevitable challenge of technology disruptions and join in the build up to safe digital banking revolution. The latest is the Bank Directors’…
Nigerian banks’ must see smart solutions as best survival option, PwC warns
Latest report released by PricewaterhouseCoopers (PwC), has cautioned Nigerian financial institutions to get rid of analogue mindset and embrace smart solutions so as to seamlessly escape from looming industry threats on their operations. Already, the rise and influx of financial…
Itex Integrated Group leads fintech operators to boost cash-less initiative
Top flight Financial Technology (Fintech) group, Itex Integrated Services Limited, has thrown it weight on deepening financial inclusion in Nigeria using innovative consumer centric products. Since inception, Itex Group has been championing strategic designs and deployment of tailored solutions to…
Falling smartphone prices, rising internet penetration key drivers of Fintech—BFS
Country Manager of Branch Financial Services (BFS), a digital technology savvy financial institution in Nigeria, Maria Rotilu has opened up on the chances of ‘branchless banking’ outsmarting physical traditional banking as soon as possible. Since the emergence of financial technology…
