10/20/2020
Even if a fintech should have the ear of a big banking client, there are the hurdles of formal agreements, running proofs of concept and addressing concerns about security and licensing.
10/15/2020
Large banks’ (tier one) had a loan book of Sh2.332 trillion by end of June, equivalent to 80 percent of the entire banking sector’s loan book—meaning they effectively control the formal credit market.
10/12/2020
Union Bank also explained that the facility will enable the continued flow of trade credit into the Nigerian market at a time when imports are critical, and the country’s exports can generate a much needed foreign exchange.