News

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...
March 31, 2017
An Overview of the E-Banking and E-Payments Landscape in Nigeria
Nigeria is moving towards a cashless economy In January 2012, The Central Bank of Nigeria (CBN) introduced the cashless policy, which has three primary objectives: I. The development and modernisation of Nigeria’s payment systems to drive economic growth II. The provision of more efficient transaction opti...
March 29, 2017
AI to become main way banks interact with customers within three years: Accenture
Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture in a new report. Four in five bankers believe AI will “revolutionize” the way in which banks gather informatio...
March 24, 2017
3 Trends That Will Disrupt Mobile Banking in 2017
According to estimates by Statista, there are currently 4.77 billion smartphone users across the globe. 70 per cent of millennials, which constitute approximately a quarter of the global population, use mobile banking apps. Mobile banking is expanding rapidly, and is set to skyrocket in 2017. Here are 3 key ...