Tags: Banks

FinTechs will stimulates banking operations, says David-West

Financial Technology (FinTech) companies will boost banking industry through easy ways of provision of financial services to customers.   Faculty member, Lagos Business School (LBS), Dr. Olayinka David-West, stated this at the 2018 Finance Correspondents Association of Nigeria (FICAN) Annual Workshop held during the weekend in Lagos.   David-West, who was represented by Faculty Member,…

NDIC CALLS FOR STRONGER ETHICAL STANDARD IN BANKING INDUSTRY

  The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim,has stressed the need for effective collaboration between regulators and operators in the banking system for the establishment of sound ethics and professionalism in the banking industry. He made the call during the courtesy visit by the Executive members of…

NDIC URGES IOD BOSS TO COLLABORATION WITH CBN, OTHERS TO ADDRESS CORPORATE GOVERNANCE CHALLENGES IN BANKS

L-R: Nigeria Deposit Insurance Corporation (NDIC) MD/CE, Alhaji Umaru Ibrahim, receiving an award from the President, Institute of Directors (IOD) Governing Council, Alhaji Ahmed Rufai, during a courtesy call to the NDIC Management at the Corporation’s Head Office, Abuja.The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim has identified the critical role…

Banks, Financial Institutions remain the unabated targets of cyber criminals in the last decade

Cybercrime simply stated is an economic offence committed using the computer and internet as a medium, source, instrument, target, or place of a crime. “Today’s incidents, yesterday’s strategies – As the digital channel in financial services continues to evolve, cyber security has become a business risk, rather than simply a technical risk” -Anonymous Pattison Boleigha…

Nigerian banks lost N2.19 billion to fraudsters ‎through electronic platforms in 2016

Nigerian Deposit Money Banks, DMBs, lost N2.19 billion to fraudsters through electronic channels in 2016 fiscal period, an official has said. The Deputy Governor, Operations, Central Bank of Nigeria, CBN, Adebayo Adelabu, said this while unveiling a report on electronic frauds by the CBN on Tuesday. Speaking at the first stakeholders’ workshop on cybercrime organised…

What Nigerian Banks Should Do Differently in this dire circumstances?

Ikem Okuhu, Analyst-in-Chief of BRANDish, an magazine/online, in his wisdom gathered experts with different opinions and serious national conversations need to be galvanised in search of new ways banks in Nigeria can alter business approaches and processes to help themselves and by so doing, lift the economy. Those experts gathered at White House Hotel Ikeja, are…