November 2021

Fintech App Downloads Don’t Equal Engagement.

Fintech app downloads don’t equal engagement. We’ve long known that the fintech industry’s tendency to measure success in users or downloads is a bit flawed, because it doesn’t speak to activity. And now, new data from Plaid’s The Fintech Effect sheds some real light on the gap here. Specifically, while in the past year or so fintech […]

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Nigerian banks closed 234 branches, 649 ATMs in 2020, says IMF.

Hit by the devastating effects of the COVID-19 pestilence amid other economic shocks, Nigerian banks closed 234 branches and 649 Automated Teller Machines, (ATMs), the International Monetary Fund (IMF) has revealed. The global lender, which made the disclosure in its Financial Access Survey 2021 Trends and Developments, explained that the mass shut down of bank

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