FirstBank pledges support for Fintech startups

First Bank of Nigeria Ltd. has pledged support for startups and innovators in the fintech ecosystem by providing relevant data and infrastructure that would enable them to succeed.

FirstBank’s Managing Director/Chief Executive Officer, Dr Adesola Adeduntan, made the promise at the bank’s FinTech Summit 5.0, on Thursday in Lagos.

The summit, which is the fifth in its series, had the theme: “Open Banking and Its Derivative Opportunities in the Financial Ecosystem”.

“We will also continue to demonstrate our support for startups and innovators in the fintech space by providing them with relevant data, support and infrastructure to enable them scale appropriately, through our SMEConnect platform,” he said.

Prof. Ndubuisi Ekekwe, the keynote speaker and Lead Faculty of Tekedia Institute, spoke on: “Open Banking: The Grand Unification of Application Utility Age”.

The Deputy Director of Payment System of the Central Bank of Nigeria, Mr Musa Jimoh, represented by Mr Olubukola Akinwunmi of the apex bank, said that the framework looked specifically around risk management that needed to be built.

(NAN)