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Anti-Money Laundering (AML) directive from the Central Bank of Nigeria (CBN) forces banks and fintech firms to overhaul outdated systems, exposing deep-rooted weaknesses in data quality, technology infrastructure and skilled manpower.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 […]

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