StartupLagos
No Result
View All Result
  • Home
  • News
    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Trending Tags

    • funding opportunities
    • African Entrepreneurship Award
  • Startup Stories
  • Startup Advice
  • Features
  • Podcast
  • About Us
Podcast
SUBSCRIBE
  • Home
  • News
    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Trending Tags

    • funding opportunities
    • African Entrepreneurship Award
  • Startup Stories
  • Startup Advice
  • Features
  • Podcast
  • About Us
No Result
View All Result
StartupLagos
No Result
View All Result

First Bank unveils digital lab for FinTech collaboration in Yabacon Valley, Lagos

Team Startup Lagos by Team Startup Lagos
07/09/2018
Reading Time: 2 mins read
0 0
0

As a platform for the bank to collaborate and advance with the rapidly evolving Financial Technology (FinTech), First Bank of Nigeria limited has unveiled its first digital Lab at “Yabacon Valley,” Yaba, Lagos. The digital lab was born out of a sheer determination to excite users with upcoming products and services while improving their overall experience with the bank.

RELATED POSTS

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

It isn’t uncommon to see various age old financial institutions (especially brick and mortar banks) tilting towards the area of FinTech. First Bank is just one of the many that have discovered that to keep up in this market, there needs to be a FinTech integration.

The new digital Lab gives the bank liberty to champion innovation, while also creating new digital products, and help improve the current products and processes. A part of the lab is dedicated to collaboration with FinTechs and non FinTech start-ups. There is also an area that would host key industry players from the FinTech community, providing a platform for them to give insightful talks on pressing issues in the financial technology space in Nigeria.

According to Adesola Adeduntan, managing director/CEO, who spoke at the official launch of the digital lab, he said, “Technology is disrupting the entire financial market especially the digital one, our role as the oldest, the largest bank and the bank that has always continuously reinvented itself is to ensure that we are at the fore front of those people disrupting the industry”

On her own part, Lola Ekugo, head, digital Lab said, “here in First Bank customers are first and we intend to carry that out here in the lab. For every product we design and process, we want to ensure that we connect directly with our customers, so from time to time we will invite some customers here for key things like focus groups. We have prototype of projects and products that we want to do. We want to ensure that the customers’ voice is in each and every thing that we do within the bank”.

The bank has also made a call to computer science and engineering experts or enthusiasts to come work with them at the digital lab, and being their novel ideas to life. We still wait to see if FinTech is the future of banking, or banking is the future of FinTech.

Buy JNews
ADVERTISEMENT
Tags: FinTechFirst BankLagosYabaYabacon valley
Share4TweetShare
Team Startup Lagos

Team Startup Lagos

Startup Lagos is a leading Nigerian media and information platform, known for its end-to-end coverage of the Nigerian startup ecosystem. Starting 5 years ago, Startup Lagos has now become the gateway to the Nigerian startup ecosystem.

Related Posts

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets
Funding

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

07/08/2021
Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria
Business

Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

07/03/2021
Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank
Funding

Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

07/02/2021
Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product
Funding

Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

07/01/2021
Carbon partners with Visa to offer Debit cards to its customers
Business

Carbon partners with Visa to offer Debit cards to its customers

07/01/2021
Cowrywise receives license to operate as a Fund/Portfolio Manager from the SEC, becomes the first fintech to do so.
Business

Cowrywise receives license to operate as a Fund/Portfolio Manager from the SEC, becomes the first fintech to do so.

06/29/2021
Next Post

StaffBus.ng clinches N5 million at Seyi Tinubu Empowerment Project (STEP), Lagos edition

Digital loaning provider, Branch raises Sh350 million for further expansion

Recommended Stories

14 great articles about start-ups in Nigeria

04/09/2018

Nigerian Startup, Digital Nation launches short link service

05/23/2018

Register to attend Blockchain hackathon Lagos

04/16/2018

Popular Stories

  • 8 Active venture capitalist Firms in Nigeria

    4 shares
    Share 4 Tweet 0
  • Paylater launches PayVest, to provide investment opportunities for users

    3 shares
    Share 3 Tweet 0
  • 6 Travel Tech Startups in Nigeria you should know

    10 shares
    Share 10 Tweet 0
  • TradeDepot raises $10m pre-Series B funding for expansion and new financial products

    0 shares
    Share 0 Tweet 0
  • Life Bank Nigeria Launches Digital Blood and Oxygen Bank in Ibadan

    0 shares
    Share 0 Tweet 0
Currently Playing
StartupLagos

We are an authoritative voice of the Nigerian Startup Ecosystem and it has brought to light the amazing stories of thousands of startups, entrepreneurs, technological innovations, businesses and many other constituents of the startup ecosystem

Recent Posts

  • Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets
  • Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria
  • Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

Categories

Follow us

    Go to the Customizer > JNews : Social, Like & View > Instagram Feed Setting, to connect your Instagram account.

© 2020 Startup Lagos - brought to you by Prime Startups.

No Result
View All Result
  • Home
  • Subscription
  • Newsletter Subscription
  • Category
    • Business
    • Culture
    • Economy
    • Lifestyle
    • Health
    • Travel
    • Opinion
    • Politics
    • Tech
    • World
  • Category
    • Business
    • Culture
    • Economy
    • Lifestyle
    • Health
    • Travel
    • Opinion
    • Politics
    • Tech
    • World
  • Landing Page
  • Landing Page
  • Buy JNews
  • Buy JNews
  • Support Forum
  • Support Forum
  • Pre-sale Question
  • Pre-sale Question
  • Contact Us
  • Contact Us
  • Home

© 2020 Startup Lagos - brought to you by Prime Startups.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.