Wema Bank, Nigeria’s foremost innovative bank and Africa’s first fully digital bank, ALAT, has been recognised as the member of the month by the Fintech Association of Nigeria for its outstanding contributions to the fintech and innovation ecosystem.

The Fintech Association of Nigeria [FinTech NGR] is a non-profit and non-political organisation established to serve as a platform for the development of the Nigerian financial technology [FinTech] industry; interfacing with the Central Bank of Nigeria [CBN], Securities and Exchange Commission [SEC] and other relevant bodies to develop the industry.

According to FinTech NGR, Wema Bank’s emergence as Member of the month is corollary to a number of factors which include:
– Wema Bank’s active collaboration within the FinTech industry, striving towards common objectives and nurturing a spirit of togetherness within the FinTech community.
– The bank’s position as a steadfast financial member of the Association.
– Wema Bank’s numerous community-oriented initiatives that involve giving back, including rewards and various campaigns such as the SHE EMPOWERS HER Award.
– The bank’s partnership with the National Youth Service Corps [NYSC] on youth development through the NYSC-ALAT Accelerator Programme.
– The bank’s first physical Importer-Exporter Forum in Lagos to address issues impeding International Trade and proffer solutions to these issues.
– A 106% growth in Wema Bank’s Profit Before Tax [PBT] from the year 2022 to 2023 [Q3].
– Wema Bank’s FinTech arm, ALAT, setting a benchmark for quality in the FinTech industry, showcasing their commitment to pushing boundaries.

Further commending Wema Bank’s exemplary leadership, innovation and impact in the Fintech Industry, the Fintech Association of Nigeria expressed eager anticipation for Wema Bank’s continued contributions, innovations and successes in the FinTech landscape.

With each solution, initiative and partnership pioneered by Wema Bank, the trailblazing financial institution continues to raise the bar and reset the standards for innovation and positive impact across the financial services industry.