Licensing and Compliance Requirements for Fintech Startups in Nigeria (Part Two)
In our previous publication, we highlighted the various FinTech offerings, viz – Digital Banking, Alternative Lending & Digital Credit, Electronic Payments, Crowdfunding, and Blockchain & Digital Currencies. We went further to identify the Regulatory bodies saddled with the responsibility of superintending, administering, and enforcing Laws, Policies, Regulations and Guidelines for players within the space. We identified the Central Bank as the Apex regulator and then highlighted other regulators, their establishing Acts as well as other legislations for industry players.
In this final part of the digest, we will delve into the licensing and Compliance requirements for FinTech startup Companies.