The Challenge before Fintechs as Nigerian Banks Evolve

In 2015, I made a presentation to a Nigerian Bank Board. I used the Smiling Curves to explain the challenge before our banks as amalgam of fintechs were emerging. Today, I can say that Nigerian banks have evolved. They are indeed the best fintechs in the nation. If ALAT is a startup, it would be a category-king company. If the newly unveiled Specta is also one, we would debate the massive war chest of N10 billion for retail lendingĀ  that takes less than 5 minutes. From UBA to GTBank all the way to Ecobank (yes, Togo), we are witnessing a … Continue reading The Challenge before Fintechs as Nigerian Banks Evolve