News

July 5, 2018
Nigerian Bank Inaugurates Keyboards Payment Solution
Fidelity Bank Plc has inaugurated an innovative solution, tagged “Flashkey”, designed primarily to allow customers send money and pay bills using their phone keyboards without recourse to online banking platform. The bank said that Flashkey, a ground-breaking initiative was designed to enable customers a...
May 25, 2018
Union Bank launches robotics technology to automate banking processes
At a media launch, Union Bank of Nigeria announced its Robotics Process Automation (RPA)  technology. RPA is a robotics system that uses software to automate consistently routine financial and banking operations. According to Union Bank’s CEO Emeka Emuwa, RPA will make these processes faster and more effi...
May 7, 2018
Exclusive Interview: Benedict Anyalenkeya, CIO, Accion Microfinance Bank
What are the key digital elements that you think will enable microfinance banks to migrate their customers from cash to cashless? Response: the key digital elements in my opinion include; a)A tool that will give the customers access to their funds without going to bank branches. This is where mobile phone an...
August 21, 2017
3 Key Fintech Trends in Africa
Fintech is slowly but surely making waves in Africa, turning the banking and finance industry on its head. Here are 3 of the key trends set to influence fintech in the continent in 2017. Financial Inclusion Almost 80 per cent of adults in Africa are unbanked, meaning they don’t have access to banking servi...
August 9, 2017
4 Questions about Banking Chatbots Answered
What are chatbots? A chatbot, or chat robot, is a computer program that uses artificial intelligence and machine learning to provide human-like interaction and perform simple tasks. Chatbots offer organisations a quick, efficient and cost-effective method of communicating with customers. Eliza, a natural lan...
July 13, 2017
Everything You Need to Know About Bitcoin in 11 Essential Points
Bitcoin is a kind of cryptocurrency or digital currency that uses distributed ledger technology (blockchain). The currency follows its own internal logic, and enables quick payments without the need for a traditional intermediary. Bitcoin first appeared in 2009 and was created by a programmer or group named ...
May 16, 2017
Ecobank hinges easy banking on digital channels
Ecobank Nigeria has said that fast, accessible and better transaction incentives to the users can only come from evolving digital channels, which it is determined to champion Restating the importance of the platform, the bank also said it has invested in state of the art mobile application that makes banking...
May 11, 2017
7 Reasons Why Nigeria Is Set to Be Africa’s Leading Fintech Hub
1. Nigeria witnessed a significant increase in mobile money operations in 2016. As per research by Finextra, mobile money operations in Nigeria grew from an average monthly transaction value of US$ 5 million in 2011 to US$ 142.8 million in 2016. 2. The rise in fintech activity in the country can be attribute...
May 9, 2017
Central Bank of Nigeria to Endorse the New Age Banking Summit, Nigeria
The Central Bank of Nigeria has joined the New Age Banking Summit, Nigeria as the Endorsing Partner. The event, which is organised by UMS conferences, is scheduled for 26 to 27 September, 2017, in Lagos Nigeria. It will bring together leading industry experts and regulators to explore disruptive financial te...