Nigeria FinTech Landscape - Impact Assessment
Key messages from Global FinTech Landscape (2/2)
Observation of successful FinTech ecosystems
suggest 7 key elements that enable the
growth and drive a deepening of financial
usage across the ecosystem
1. Creating an enabling regulatory environment to foster innovation.
2. Fostering innovation by enabling ease of access to APIs and data e.g.
Advanced analytics is becoming mainstream and there is growing
adoption of open banking
3. Enabling global connections and learning with other ecosystems,
including growing partnerships between banks and FinTech
4. Significant long term funding pool which is evident in the increase in
FinTech funding globally
5. Building strong tech infrastructure which has facilitated the
modernization of payments
6. Rise of ecosystem orchestrators, catering to unmet customer needs.
across the financial services value chain through a range of use cases
7. Building a sustainable talent pipeline
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