Nigeria Update: ‘Banking industry remains viable despite emergence of Fintech’

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Nigeria Update: ‘Banking industry remains viable despite emergence of Fintech’

As technology continues to impact activities in the country’s financial space, the Chairman of the Lagos chapter of the Chartered Institute of Bankers of Nigeria (CIBN), Kola Abdul, has said the changes in the industry will not affect the viability of banks.
 
Speaking at a press conference to announce the upcoming 2018 Lagos Bankers and Stakeholders Nite, Abdul said banks would still be doing business, except that the way it is done would be different.
 
Abdul stated that contrary to the  beliefs that fintech would take over traditional banking roles, fintechs will only change the dynamics of jobs and skills set in the banking industry.

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