The Central Bank of Nigeria (CBN) established that it would continue to monitor Financial Technology (FinTech) companies in Nigeria as well as manage the risks associated with their activities.
The apex bank which regards FinTechs as a crucial sector in its operation, has confirmed that it will work towards minimizing the risks associated with their operations to the consumers and financial institutions
This was made known by the Director, Banking Supervision Department of CBN, Mr Mustapha Haruna, Director, Banking Supervision Department, CBN, who was represented by Adekunle Adeniji, Assistant Director in the department, at the end of the 31st Finance Correspondents and Business Editors seminar on Thursday, in Enugu.
According to NAN, the two-day seminar, which was organised by the CBN, had “Trends in Nigerian payments system: regulating the fintech digital playing field” as its theme
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