15/10/2021
TECHNOLOGY, FINTECH UNVEILED: NIGERIA SCENARIO
Technology has been responsible for the quantum leap development experienced in many human endeavours. The financial sector a key sector of the economy central to all human interactions and exchanges has benefited largely from technology.
Initiatives of new entrants and old players have led to revolutionary strides in the sector. Many new players or start ups have leveraged the power of technology to create faster more convenient transactions processes.
The power of technology has impacted the various arms of the financial sector:
Savings/Investments which in the old era of the 90s was majorly manual has been adapted to a digital platform which ensures faster computation, organised recording etc. As a matter of fact unlike in the previous era 90s; customers don’t have to physically transport their cash to the bank or finance institutions to save or even invest in stocks or bonds. Coming soon an opportunity to Buy stock of any company at any amount on surefin.com.ng
Loans: leveraging Other Peoples Resources in forms of loans, advances, credit facilities were a quite cumbersome affair in the 90s. Information Technology has aided the process for both lender and borrower who can now use the available software analytics and internet to conduct the affair in a seamless and efficient manner as quickly as possible. Visit surefin.com.ng for attractive loan offers coming soon.
Exchanges/Transfer: Commercial transactions especially relating to cross border is a very important human activity. Raw materials are mostly procured from foreign companies, agricultural produce are sold to the international market. Both businesses requires exchange of foreign currency, Information Technnology has aided this process with values of the products being tracked real time from digital devices also Foreign Exchange is smoother with the technology aided platforms.
Also residents in diaspora can now transfer funds to loved ones in native countries with ease using the readily available technology platforms. This was slower in the 90s where many of the platforms where not readily available.
