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EMTECH, GIC to work with banks in Nigeria on CBDC, Regulatory Sandbox Framework, and API & Open Banking.
Central Banks’ Fintech handling company EMTECH and Global InfoSwift (GIC) are partnering to enable Nigerian regulators, banks and local fintech accelerate innovative shifts into financial services regulatory environments.
The partnership which will be based in Nigeria will focus on three main interrelated areas in its content delivery: Central Bank Digital Currency (CBDC), Regulatory Sandbox Framework, and API & Open Banking.
Tunji Odumuboni, Executive Director – Africa, EMTECH affirmed that “the program will provide deep and broad-based insights on Central Bank Digital Currency, Regulatory Sandbox Framework, and API & Open Banking.”
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Within the next 90 days, the capacity building program will launch in Nigeria and will engage key stakeholders across Nigeria.
More so, the content of the program will be tailored to the Nigerian financial ecosystem and its distinction.
EMTECH, GIC CBDC Capacity Building Program for banks in Nigeria
“Our objective is to provide this Capacity Building Program to the entire financial services ecosystem in Nigeria,” Afolabi Oke, Founder and CEO, Global InfoSwift Consulting Ltd said in a statement.
“This means attracting all financial services regulatory agencies and all financial services providers, from commercial banks to fintech.”
According to Afolabi Oke, Founder and CEO, Global InfoSwift Consulting Ltd, made a remark on the firsthand experience in their API-led Modern Regulatory Sandbox™ Platform. He further stated that GIC is excited to team up with EMTECH on the capacity building program.
EMTECH is a central bank fintech enabler whose services provide practical regulatory intuitions into the extensive community of private-sector founders.
More so, its service has helped to accelerate willingness among fintech companies for regulatory reviews and go-to-market approvals.
