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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. For Emmanuel Morka, CIO at Access Bank Ghana, open banking is the future and enterprises should seize on the opportunity.

Banking 299
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It’s time to go paperless: are bank branches ready?

CIO

When the chief banking officer of a $10.3B community bank visited a competing super-regional branch in her suburban New Jersey neighborhood, she noticed something troubling. Today’s rapidly rising rate environment is driving activity across the country’s 72,000 bank branches 2. Consider the following real-world scenarios. ●

Banking 260
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Nigerian fintech of the unbanked Bankly raises $2M led by Vault and Flutterwave

TechCrunch

Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly is digitizing the informal thrift collections system known with different names such as esusu or ajo in Nigeria. In the absence of a banking system nearby or a disregard for one, the unbanked resort to these traditional systems because they work completely offline.

Fintech 363
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Credable, a digital banking infra startup that wants to build Unit for emerging markets, gets funding

TechCrunch

Banking infrastructure providers are mainly responsible for the proliferation of such solutions. They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers. Banking-as-a-service startup Unit closes on $100M at a $1.2B million seed round.

Banking 217
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What the Digital Operational Resilience Act means for you

CIO

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals. We’re at a critical time for digital transformation.

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With fresh capital, Symend aims to build a better debt collection system

TechCrunch

A more recent report from the Federal Reserve Bank of New York estimates that total household debt in Q3 2022 reached $16.51 “This latest injection of growth capital allows us to meet the growing demand for our behavioral engagement technology around the world. . trillion, $2.36 trillion higher than at the end of 2019.

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Omnichannel Banking Experience: Making Banking Accessible in 2023

Exadel

In today’s world, banking is no longer a purely in-person experience. For many years, the banking industry acted with exclusivity, providing services almost solely to customers who could access bank branches in person. However, as the world has evolved to become more digital, so has the banking industry.

Banking 96