Hacker in operation. Source: Google
For the nation to achieve its goals of eliminating extreme poverty and boost shared prosperity through financial inclusion, there is the need to create relevant policies that would provide an enabling environment for the Financial Technology (Fintech) to thrive.
Financial experts, gathered at the just concluded Efina 2019 Financial Inclusion Conference, in Lagos, submitted that government’s action could further facilitate innovation by fostering a supportive environment, through the use of regulatory measures, for innovation to thrive.
The experts also noted that improving financial inclusion and market efficiency would bring along cyber security and reduce data protection concerns.
Therefore, they underscored the need to leverage FinTech innovation from banks to mitigate risks relating to new technologies and cyber attacks.
But just at the weekend, the Bankers Committee, at the end of its 2019 yearly retreat, in Ogere, Ogun State, resolved to…
Source: Guardian Newspaper
