CBN AML directive triggers tech reset as banks, fintechs battle data, talent gaps

Nigeria’s financial sector is entering a critical transition phase as a new Anti-Money Laundering (AML) directive from the Central Bank of Nigeria (CBN) forces banks and fintech firms to overhaul outdated systems, exposing deep-rooted weaknesses in data quality, technology infrastructure and skilled manpower. The CBN has given financial institutions 90 days to submit detailed AML […] read more CBN AML directive triggers tech reset as banks, fintechs battle data, talent gaps

CBN AML directive triggers tech reset as banks, fintechs battle data, talent gaps

Nigeria’s financial sector is entering a critical transition phase as a new Anti-Money Laundering (AML) directive from the Central Bank of Nigeria (CBN) forces banks and fintech firms to overhaul outdated systems, exposing deep-rooted weaknesses in data quality, technology infrastructure and skilled manpower. The CBN has given financial institutions 90 days to submit detailed AML […]

read more CBN AML directive triggers tech reset as banks, fintechs battle data, talent gaps