Fintech threat is real; CBN warns banks’ to work out solutions to remain in business
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has made it clear that the incursions and poaching of Financial Technology (fintech) firms in the banking industry is real and must be faced with innovative ideas by…
Banks shouldn’t see FinTechs as competitors, but partners—Awojobi, CIBN boss
The Chief Executive Officer/Registrar of the Chartered Institute of Bankers of Nigeria (CIBN), Mr. ‘Seye Awojobi, has called on Nigerian money deposit banks to stop seeing operators of Financial Technology (FinTech) platforms as competitors’, rather partners in progress. Speaking in…
Lack of coordination, integration weakening growth in FinTech sub-sector—Aina
Pioneer crusader in Financial Technology (FinTech), former banker and the Chairman of FinTech Associates Limited, Dr. Segun Aina, has fingered two key stumbling blocks in the effective consolidation of real growth in the nation’s FinTech space. In an interview in…
Aside failures in SA, MTN still working to rule Africa in Mobile Money Service
Considering the intimidating forces of Financial Technology (FinTech) in growing seamless access to financial services using mobile money platforms, MTN, Africa’s most consolidated mobile operator, has started dreaming of floating what can be seen as Africa’s most innovative bank and…
Banks to tie growth, relevance on FinTech to remain afloat—EY 2018 Report
Indication emerged on Thursday from the latest Global Banking Outlook 2018 report conducted by Ernst & Young (EY Global) suggesting that world banks may not continue to distance themselves from trending Financial Technology (FinTech) innovations, but embrace them to remain…
Experts list losers in FinTech, draw roadmap on inclusion @ NITRA summit
Segments of the Nigerian population that were apparently left behind in Financial Technology (FinTech) inclusion have been revealed. It would be recalled that the World Bank had in earlier days of technology revolution, averred that Financial Inclusion means that individuals…
