NCC, CIBN partner to improve reliability of financial transactions
In a bid to enhance banking settlement and communication services in Nigeria, the Nigerian Communication Commission (NCC) has partnered with the Chartered Institute of Bankers of Nigeria (CIBN).
The collaboration would improve the efficiency and reliability of financial transactions across Nigeria.
Executive Vice Chairman and CEO of the NCC, Dr Aminu Maida, recently welcomed a high-level delegation from the CIBN to discuss the framework of this collaboration.
The meeting served as a pivotal moment in the ongoing partnership between the telecommunications and banking sectors, highlighting the importance of synergy in driving economic growth.
The visit underscored the robust relationship between the NCC and CIBN, emphasizing the necessity for joint efforts on critical issues such as interbank settlements and the enhancement of communication support services. This collaboration aligns with Dr. Maida’s vision of fostering cooperation between key sectors of the economy to promote innovation and efficiency.
By concentrating on interbank settlements, the partnership aims to significantly improve the speed and reliability of financial transactions, ultimately enhancing the overall banking experience for customers.
The discussions also brought to light the need for strengthening communication infrastructure to meet the evolving demands of the banking industry, particularly in the context of digitalization.
As the banking sector increasingly embraces technology-driven solutions, the collaboration between the NCC and CIBN is poised to play a crucial role in integrating the advancements into financial services, paving the way for a more efficient and modern banking environment in Nigeria.
