Nigeria FinTech Landscape - Impact Assessment

FinTech definition: A technological innovation in the prevailing model of delivering financial services Could be any type of player... " Incumbents (e.g. Banks, Insurance companies etc.)1 Non-financial services providers (e.g. tech companies) Startups/New entrants. 1 Playing in any part of the value chain... B2B B2C C2C Infrastructure ◉ 2 3 Leveraging technology... ☐ Blockchain Data analytics APIs Cloud ...and delivering a wide range of financial services ■ Payments & Transactions Accounts Savings & Investments Lending & Financing " Life insurance Non-life insurance 4 1. Focus of this document will be in non-incumbent players that are typically startups and early stage companies 1833 EFINA McKinsey & Company 11

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