Cybersecurity: The new capital of modern banking, By Shuaib S. Agaka
On one hand, financial institutions increasingly rely on AI to detect fraud, monitor suspicious transactions, strengthen anti-money laundering compliance, improve risk management, and personalise customer experiences.
Capital remains indispensable, but in an era where millions of customers depend almost entirely on mobile banking, internet platforms, digital payments, and cloud-based financial services, trust has quietly become a form of capital in itself.
Those words, delivered by the Director-General of the National Information Technology Development Agency (NITDA), Malam Kashifu Inuwa Abdullahi, at the Future of Banking Nigeria Summit in Lagos, may well define the next chapter of Nigeria’s financial evolution.
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