Tag: FinTech
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NCRIB-LAC Mid-Year Workshop shed lights on advocacy, fintech, mental health
The Lagos Area Committee of the Nigerian Council of Registered Insurance Brokers had its Mid-Year Workshop recently. The focus of the workshop, which was held virtually due to the Corona Virus Pandemic, was on advocacy, fintech and mental health. The two-day conference was held via the Microsoft Teams Live Conference. Mr. Peter Braid, the Chief…
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Fintech Revolut to launch in the U.S. by year-end with MasterCard deal
Digital banking app, Revolut, is set to begin issuing its cards in the United States by the end of this year via a partnership with a payments company, MasterCard Inc MA.N, the two companies said on Tuesday. The announcement follows a similar deal last month where MasterCard rival, Visa Inc V.N partnered with Revolut as…
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Mobile phone triggers fundamental shift in financial services
Adia Sowho, Managing Director of Mines Nigeria Ltd., a telecom, media and tech business company has said mobile phones had triggered a fundamental shift in the financial services sector of the Nigerian economy. She disclosed this on Tuesday at the Digital PayExpo Conference and Exhibition, which is on its 19th edition, had the theme, FINCLUSION:…
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Five ways fintech will change ecommerce
Technology keeps advancing year after year, improving the way we live and do business. One of the best things that technology is changing is the financial element of the online world, most notably ecommerce. What used to be unavailable is now more reachable and available than ever. Ecommerce platforms have contributed in no small measures…
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2019: Technology trends to watch out for in Nigeria
Technology is impacting communities and markets in unprecedented ways in Nigeria and at such remarkable speed that sets the country apart and propels the entire African continent forward. This transformation comes with massive commercial potential for both local and international business. As we head into 2019, these are the technologies that are driving innovation and…
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Banks must reform to survive fintech revolution – Osinbajo
The Vice-President, Prof. Yemi Osinbajo, has stressed the need for banks in the country to carry out urgent reforms so as not to be caught off-guard by rising innovations in financial technology, insisting the effect of new innovations in fintech was inevitable. He stated that fintech, which is the new technology and innovation that aims…
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Senate working to grow digital financial technology in Nigeria – Saraki
President of the Senate, Bukola Saraki, on Thursday said that the Senate is working to ensure the growth of digital financial technology (FinTech) popularly known as digital financing in Nigeria. Saraki, according to a statement by his Chief Press Secretary, Sanni Onogu, in Abuja, stated this in his address before the Africa Finance Forum, organized…
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Customers embrace FinTech as banking hall transactions dip by 25%
The introduction of Financial Technology (FinTech) in the efficient service of bank customers has reduced physical transactions in the banking hall by over 25 per cent, the Nigeria Interbank Settlement System (NIBSS) has said. TheNewsGuru.com reports that the NIBSS provides the infrastructure for automated processing, settlement of payments and fund transfer instructions between banks and…