Business

NDIC sets up new unit on Fintech and Innovation

NDIC wins N1.4bn debt recovery case against defunct Gulf Bank debtor

 

The Nigeria Deposit Insurance Corporation (NDIC) has established a new FINTECH and Innovations Units to align with contemporary trends.

NDIC said the new unit is in response to technological innovations and applications in financial services in advanced economies.

According to the NDIC, the development is also in consonance with the Corporation’s Strategic Vision, which is to become one of the best Deposit Insurers by the year 2020.

The new Unit, which is domiciled in the Insurance & Surveillance Department of the Corporation, is expected to engage and collaborate with innovators in the financial and non-financial sectors of the economy to identify, develop and promote technology-driven solutions that would protect depositors and improve the safety and soundness of Insured Financial Institutions.

“The Unit is expected to enable the Corporation identify disruptions and associated risks of Fintech and Innovations on deposit insurance; articulate the use of Fintech for Early Warning Signals (EWS) and Prompt Corrective Action (PAC); Identify other digital currency deposits for the purpose of insurance coverage.

The unit will also evolve supervisory measures for digital banks; and enhance existing consumer protection measures as they relate to digital deposits in collaboration with other safety net players.

Comment With Facebook

Comments (19)

  1. I’m not sure exactly why but this weblog is loading extremely
    slow for me. Is anyone else having this problem or is it a problem on my end?
    I’ll check back later on and see if the problem still
    exists.

  2. Wonderful blog and terrific design.

  3. I’m just intrigued by how you have been able to get your site performing so nicely. I have been experiencing a number of problems with my site and was thinking if you know about any plugin that might possibly help me make improvements to user experience on my site? Thank you for the great read.

  4. Your writing style is so innovative and also educational. It helps make reading and understanding even subjects such as this pretty simple for lots of us. It has actually been a very good read. Thanks a lot.

  5. Your write-up has certainly been instructive. However, adding more illustrative images by means of more appropriate images and even video clips could help to make it “explode” the more. Only an idea though; and you sure do have a remarkable website.

  6. I very glad to find this site on bing, just what I was searching for : D too saved to bookmarks.

  7. Hello there, just ran across your blog through a simple google search and I must say that it is quite clarifying. I seriously expect reading through more of your write-ups in the foreseeable future seeing that you certainly have a technique for getting your points across. A whole lot of individuals will most certainly enjoy your writings. Best wishes!

  8. Great write-up. I found it highly instructive since I had been trying to find much better information concerning it for quite a while now. Thank you for sharing.

  9. Very interesting info !Perfect just what I was looking for!

  10. I don’t commonly comment but I gotta say appreciate it for the post on this special one : D.

  11. hey there and thank you on your info – I have certainly picked up anything new from proper here. I did alternatively expertise several technical points the use of this site, since I experienced to reload the web site many times previous to I may just get it to load properly. I were wondering in case your hosting is OK? Not that I am complaining, however sluggish loading instances times will sometimes have an effect on your placement in google and can damage your quality score if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Well I’m adding this RSS to my e-mail and can look out for much more of your respective intriguing content. Ensure that you update this again soon..

  12. Hi, Neat post. There is a problem together with your web site in internet explorer, would check thisK IE nonetheless is the marketplace chief and a big component to other people will leave out your wonderful writing because of this problem.

  13. I am curious to find out what blog system you have been utilizing? I’m experiencing some small security problems with my latest site and I would like to find something more safe. Do you have any suggestions?

  14. rarely college [url=http://www.cialisles.com/#]cialis generic pharmacy online[/url] somewhat principle much dependent cialis online
    pharmacy how honey cialis generic pharmacy online please recording http://www.cialisles.com/

  15. uk viagra [url=https://viagenupi.com/#]viagra soft tabs[/url] viagra and alcohol viagra soft tabs price of viagra https://viagenupi.com/

  16. both following [url=https://amstyles.com/#]generic ventolin[/url] clear hate likely ideal
    asthma inhalers for sale online hardly ground generic ventolin mostly wing https://amstyles.com/

  17. I am truly pleased to read this website posts which carries plenty of helpful information, thanks for providing these data.|

  18. I simply want to tell you that I am new to weblog and honestly enjoyed you’re page. Very likely I’m likely to bookmark your blog post . You actually have wonderful posts. Cheers for sharing your blog.

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.