FinTech, Capital Market Collaboration Can Build Digital Economy – NGX
The Nigerian Exchange Limited (NGX) has said collaboration between FinTech and the capital market will effectively create a digital economy as well as increase financial inclusion and cashless payments.
The divisional head, Trading Business at NGX, Jude Chiemeka, stated this during the 2021 Chartered Institute of Stockbrokers national workshop which held in Abuja.
Speaking on the theme; ‘Roadmap to a Digital Nigeria: Harnessing Fintech, Cryptocurrencies and Artificial Intelligence to Create Stronger Financial Markets,’ Chiemeka explained that, Fintechs have a huge potential to transform the capital markets and effectively build a digital economy.
He added that rather than seeing fintechs as competitors, they are potential partners to incumbent Capital Market Infrastructure Providers like NGX.
Citing the Pulse of FinTech H2 2020 report, Chiemeka said, the global…