Fraud Declines, But the Threat Evolves NIGERIA’S digital payments ecosystem is becoming more secure on paper, yet increasingly dangerous in practice, as cybercriminals adopt advanced technologies and more sophisticated strategies to steal from bank customers. Although electronic payment fraud losses dropped sharply in 2025, experts caution that criminals are becoming more organised, targeting fewer victims […]
Beyond the ‘High-Risk’ Label: AI & Alternative Data Could Transform Lending in Nigeria Rethinking Nigeria’s Credit Risk Narrative FOR decades, Nigeria’s financial system has largely operated on one enduring assumption: that the average borrower represents a high lending risk. That perception has shaped how banks assess loan applications, determine interest rates and decide who deserves […]
AI Positioned to Expand Financial Access EXPERTS have said that Artificial Intelligence (AI) possesses the capacity to significantly improve access to finance through faster, smarter and more personalised credit assessment systems. They made the submission during the Development Bank of Nigeria (DBN) Techpreneur Summit themed, “Innovate to Capital,” held in Lagos, where stakeholders examined the […]