‘Tech To Drive Youth Participation In Capital, Insurance Markets’ - Latest News
“We live in a dynamic age, where the application of technology does not only enhance businesses for profit maximization but also now serving as a disruptor to existing business models.
Earlier, the director general, SEC, Mr. Lamido Yuguda, noted that fintech is a game changer in deepening the capital market and enhancing financial inclusion. Abbas said: “we can see a kind of game changer and rapid transformation in the financial sector due to fintech. It is a building block for enhancing financial inclusion. We are exploring ways to leverage on fintech to bring on the young people to the market. The capital market sees fintech as an opportunity and that is one of the ways we intend to change the dynamics of the capital market.
“We all saw the success achieved with the electronic offering by MTN, a lot of Nigerians were able to subscribe with their phones and other gadgets conveniently. We realised that one of the ways to unlock investment opportunities is through fintech and we are stepping up such strategies to deepen the market.”
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