There’s no shortage of research to show how crucial consumer credit is to the average African and the economy. Yet credit is difficult to access because big and established banks know that there are easier ways to make money than consumer credit; why give $1000 to 10,000 customers when you can give $10,000,000 to a single corporate client? It has f...
06 May 2022 Fintech innovation and startups
TrueLayer, the leading provider of financial APIs, has joined Open Banking Nigeria, the industry-formed advocacy group driving the adoption of open banking in Nigeria, to develop the open Application Programming Interfaces (API) standards for the Nigerian financial industry. This partnership, which would be with active participation of other indus...
22 June 2020 Open Banking
The argument about if Fintechs and Banks are frenemies would never end. And it’s justifiably so. Retail banks have a model of providing checking, savings, investment account services. Of course, they layer that with credit cards, personal loans, mortgages, etc. Fintech showing up on the scene means one thing, banks would be losers. There isn’t any...
27 June 2017 Banking Architecture
Did Natwest dump BNPL because the business model doesn't work or they screwed it up?
10 Mar 2024 02:17 Read comment
Just thinking aloud, what happens if a bank comes on the scene and all it does is provide an interface for FinTech to use its APIs for services? Imagine a Dropbox of banking.
23 May 2017 12:34 Read comment
Banking as a service - platform, APIs, license!
07 Dec 2016 19:40 Read comment
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