FBN emphasises use of AI, offers N5.25m in grant to fintechs

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First Bank of Nigeria (FBN) wants financial institutions to optimise technology disruption for accountability, efficiency and drive competitive edge in the market.

The bank added that though financial services industry tends to focus on access and risk, it is committed, especially in a field so rich in opportunity, to support fintech solutions that enhance businesses.

Managing Director/CEO, First Bank of Nigeria Limited & Subsidiaries, Dr. Adesola Adeduntan, stressed that technologies like artificial intelligence and big data need to become part and parcel of financial institutions’ business models across the board.

Speaking during the FirstBank Fintech Summit 2.0 in Lagos, he said FBN is keen at providing solution to the problem of Big data in banks to meet customer needs even…



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