FinTechs Archives - National Wire

Despite Fintechs’ Incursion, Banks Rake in N25tn Deposits

May 14, 2019 0

Despite the surge in activities of financial technology (fintech) companies that have continued to encroach on commercial banks’ businesses, 11 banks in the country raked in a total of N24.957 trillion as customer deposits as at the end of 2018.

FinTechs Won’t Displace Banks, Says David-West

September 16, 2018 0

Faculty member, Lagos Business School (LBS), Dr. Olayinka David-West, has said that Financial Technology (FinTech) companies will not displace banks in their competition for market share and provision of financial services to customers.k j She spoke at the 2018 Finance Correspondents Association of Nigeria (FICAN) Annual Workshop help at the weekend in Lagos. David-West, who was represented by Faculty Member, …

CBN: FinTechs Won’t Usurp Banks’ Traditional Roles

August 7, 2017 0

The Central Bank of Nigeria (CBN) has assured that Financial Technology (FinTech) companies will not take over the roles played by commercial banks in delivering services customers. Speaking at the Bi-Monthly Forum of the Financial Correspondents Association of Nigeria (FICAN) in Lagos at the weekend, CBN Director, Banking and Payments System Department , ‘Dipo Fatokun said the demand for the …