Category: FINTECH
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FintechNGR Holds 3rd AGM, Inaugurated New GovCo
Fintech Association of Nigeria, the umbrella body for Fintechs in Nigeria, pioneer national fintech association in Africa, Founding Member, Africa Fintech Network and member of Global Fintech Hub Federation held its 3rd Annual General Meeting today, Friday, 6th November 2020 online. The event that was well attended by members of BOT, members of outgoing and…
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Intercontinental Apex Regulator’s Virtual Session
Fintech Association of Nigeria in furtherance of its Accelerate, Connect and Advocacy objectives is organising an intercontinental virtual session on Thursday, 25th June by 10 AM WAT/GMT+1. The event with the title – COVID-19: Enabling Speedy Business and Economic Recovery Through Regulation brings together heads of Regulatory agencies from Asia, Europe, Africa and Nigeria. The…
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Fintechs must pay close attention to regulators to avoid disruption to operations
Over and over, we emphasize the importance of tech-based companies doing everything they can to align with regulators and policymakers, not just to be agreeable, but to avoid being misunderstood by lawmakers. As a matter of fact, fintechs and other startups must foster public sector engagement to be ahead of disruptive regulation. Change is always going be…
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Technology Solutions: A major component for financial inclusion in Nigeria
TechRoundUp was on the TechieTalk with Teke Panel at the just concluded ³Social Media Week in Lagos and the panel discussions centred on Financial Inclusion, Social Media for Good and Cybersecurity. It was indeed an engaging deliberation and one we thought our readers may find quite insightful. The overall conclusion was that there is no financial inclusion without…
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Experts uphold tech-driven solutions for financial inclusion
By Omobayo Azeez Financial experts have reiterated the need to adopt tech-driven strategies to achieve financial inclusion drive in Nigeria. Speaking during a panel session and masterclass championed by Stanbic IBTC Holdings Plc at the ongoing Social Media Week (SMW) Lagos on Wednesday, the experts drawn from financial and technology sectors upheld that digital inclusion…
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Technology, digital records accelerating lending in Nigeria
Ife Ogunfuwa Experts in the financial technology industry have observed that banks, credit institutions, hedge funds, among others, are relying heavily on customer data to validate and approve loan requests. The stakeholders, who spoke at the Social Media Week Lagos 2020, noted that the rising demand for business, personal loans and other credit facilities could…
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Fintech regulation in Nigeria is complicated
Abubakar Idris From the outside, fintech regulation is supposed to be simple. You come up with an innovation to disrupt financial inclusion, the Central Bank of Nigeria (CBN) gives you a pat on the back then gives you a licence while traditional banks look forward to their own demise. But in reality, financial technology regulation is more complicated than…
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Mastercard Foundation to Empower Nigerian Digital and Creative Sector with $500 Million Investment
It is not news that Nigerian startups are working hard, raising funds, scaling their products and offerings to a wider audience in the country and beyond. This has made the country’s startups some of the most viable in Africa. A fund raising trail that is hard to miss keeps coming out across the country’s tech space, particularly in…
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3 Myths about the FinTech Sector-Yemi Odeyale
In recent months, there has been a great deal of excitement over the dynamism and promise of Nigeria’s fintech sector, owing largely to several significant Chinese investments. In November alone, Nigerian fintech start-ups attracted $360 million, equivalent to a third of total venture capital investment raised throughout Africa in 2018 (more than half came from…
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Electronic transactions can reduce financial losses from disasters-John Obaro
• As TSA processes N20trillion yearlyA FinTech expert has said the adoption of electronic transactions could have helped mitigate the losses suffered by traders across Nigeria, on account of recent fire incidences in various locations, especially in Lagos. In particular, such web businesses would have reduced not only the extent of physical properties and assets…