How banks can navigate fintech firms’ rise

9’M 2021: Tier one banks generate N71.9bn from account maintenance charges

The tier 1 banks in Nigeria, generates N71.9 billion from account maintenance charged on their customers’ accounts.

Banks are playing an increasingly smaller role in the financial system as fintech and tech companies continue to put banks at the edge of their seats, Jamie Dimon, CEO of JP Morgan Chase & Co, said in his annual letter to shareholders. “Banks have enormous competitive threats—from virtual

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