Nigeria: Banks Urged to Partner Fintech for Competitiveness

30 September 2020

The World Fintech Report 2020 has highlighted the need for banks to enter into partnership with fintech players in order to transform into agile and customer-centric organisations and remain appealing in a shifting business landscape.

The report by McKinsey Africa, stated that banks should also take on a specialised role, rather than a universal one by opening up their infrastructure for fintech players to integrate with and drive innovation that would apply specific solutions to sectors that are most resilient and more likely to be receptive to digital activities.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.