E-Financial
Path Solutions Launches Digital Banking Suite Underpinned by State-of-the-art Analytics

Path Solutions has revealed its new Intelligent Digital initiative roadmap with the launch of Path Digital and Path Intelligence platforms which will enable forward-thinking banks to maintain competitive advantage by providing their customers with a consistent and seamless intelligent digital banking experience while harnessing the full potential of data.
The breakthrough Path Digital suite is a highly secure, open, scalable, flexible, robust, future-proof, easy-to-deploy, comprehensive open banking platform that connects all of the digital banking channels to the bank’s services and applications such as core banking, CRM and payment systems, empowering the bank to deliver a unified, seamless omnichannel user experience across all channels, applications, and devices.
This cutting-edge platform helps banks transform multiple siloed banking channels into a rich, simplified, personalized, timely, consistent, seamless, and frictionless customer journey. It also allows banks to immerse into their customers’ life journeys, gain customer insight, improve customer interaction and engagement, while optimizing the value of each customer relationship across all touchpoints.
Whereas Path Intelligence is a platform with the ability to integrate with any core banking system enabling banks to harness data and analyze it intelligently using the Enterprise Data Lake (EDL), providing a significant competitive advantage to the bank by helping it transform its business to becoming analytically-focused and customer-centric.
This platform includes a new Business Intelligence suite which empowers organizations to make smarter, faster, and more effective decisions. Besides, the solution enables business agility, optimizes operational efficiency, and drives innovation, competitive differentiation, and profitable growth.
The ML-driven module enables banks to leverage both structured and unstructured data, and transform it into valuable intelligence and predictive insights, with customized AI-based solutions covering customer insights, risk analytics, fraud detection and other tailored applications.
The new AI-powered anti-fraud capability enables banks to create seamless customer experiences while providing new levels of protection.
While unveiling the suite of new technologies, Mohammed Kateeb, Group Chairman & CEO of Path Solutions, commented, “Innovation lies at the core of our business model. Our goal is to create transformative banking experiences which are customer-focused”.
And he continued, “Few years from now the banking industry will look dramatically different. The digital revolution is impacting every part of our lives; banking is becoming a competitive battlefield where only the most efficient, adaptive, and inventive survives.
“Consequently, Path Solutions has been investing in emerging technologies as a means to support banks and financial institutions in their digital transformation and help them move their customer-focused digital strategy forward, harnessing AI’s full potential”.
With the influx of banking transactions that occur on daily basis, maintaining one single view of all operations is the only way to sustain a competitive advantage and avoid financial losses.
This need is further intensified by tighter compliance regulations, where banks became more vigilant with adequate controls and procedures to ramp up profitability, and by identifying, limiting and controlling risk exposures, as well as understanding customer preferences.
“We will assist banks to fully embrace digital transformation with technology-driven approaches while simultaneously gaining industry insights into a profoundly changing banking regulatory environment”, Kateeb said.
Banks’ innovation strategies are also becoming bolder. Consequently, Path Solutions is currently developing Blockchain financial applications. This new technology would allow banks to become trusted platforms for a wider range of financial services.
Blockchain’s promise for the trade finance industry cannot be understated, for the technology has the potential to address the $1.5 trillion global trade finance gap affecting development and investment flows, and financial inclusion.
Using a state-of-art Blockchain technology, financial institutions of all sizes will benefit from better visibility into trading relationships and easier access to financing options, allowing them to tap into new market opportunities in the evolving landscape of finance.
Combining 28 years of industry innovation building world-class banking software that incorporates the latest advancements in information technology, Path Solutions has debuted its Path Intelligent Digital (PID) initiative which stands as one of the industry’s broadest and most innovative set of technologies, making AI an integral part of its platform and an essential component in empowering the intelligent bank of the future.
“We are executing on our strategy and differentiating our value proposition”, Kateeb confirmed. “Our PID will enable banks to drive deeper customer engagements, transparency and agility for innovation-led growth in a challenging, new financial services ecosystem. This is only made possible through a unified open banking platform, a key ingredient in immersive, interactive experiences”.
E-Financial
CBN Releases Bank Customers’ Bill of Rights, Obligations

Central Bank of Nigeria (CBN) has released Bank Customers’ Bill of Rights and obligations to the public giving customers the right to be informed, right to choose, right to safety, right to privacy and confidentiality, and the right to redress.
The report, released at the “CBN Fair” held in Lagos, with theme: “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development”.
In the bill of right customers also have right to good service, right to equality and right to free monthly statement of account.
On the other hand, the report listed certain obligations that a customer owes to his or her bank.
They include duty to financial obligations, duty to protect instruments and information, duty to provide factual information and not to mislead the bank, duty to report suspected fraud or error and duty of personal safety and safety of assets.
The document, described the customer as the most important person in the economy and every business succeeds only when the customer is happy.
Describing the customer as a king, it said: “As a king, the customer has many rights. But a king also has duties which he owes himself and the society. In Nigeria, customers of banks have certain rights and duties guaranteed by law, regulation and conventions”.
The report disclosed that a bank customer, has a right to disclosure of information from his/her bank on products and services the bank offers.
“The information provided must be complete, relevant and truthful. Your bank must explain to your understanding all contractual terms and charges prior to the consummation of any agreement or contract. This right enables you to have relevant information in order to make rational choices. It amounts to a breach of right if your bank fails to provide this information or deliberately misleads you in anyway,” it said.
According to the apex bank, bank customers also have a right to select from the range of products and services made available by your bank at competitive prices.
“This means that as a customer, you can, at all times, decide on the product or service to accept/purchase and the ones to decline. It is wrong for a bank to restrict your choices or compel you to accept/purchase products or services that are ill-suited for your needs. Where you are not satisfied with your bank’s service delivery on any product or service, you have the right to end the contract or even the banking relationship provided you settle all outstanding commitments,” it said.
The CBN explained that the right to safety requires a bank to guarantee all its customers a secure and conducive banking environment devoid of threats to their safety and health.
“You have the right to be reasonably protected from accidents while on the premises of your bank. You also have the right to be protected from negative effects of pollution of any kind whether arising from your bank’s operations or from other sources. It is necessary to stress that your bank is obligated to adhere strictly to applicable safety and directives to ensure that your safety and well being are adequately guaranteed while you are on the premises of your bank,” it said.
Continuing, the apex bank also highlighted the customers right to privacy and confidentiality.
It explained that as a bank customer, one has the right to freedom from disclosure of your account details by your bank as intrusion into your account by third party.
In other words, a bank is not to divulge your account information to a third party; a bank must also protect customers’ information from unauthorized access by a third party.
It however, stated that there are, expectations to this right where a bank is required by law to make disclosure; and where a customer consents to the disclosure.
“A bank must provide its customers a redress mechanism to express their displeasure or grievance. The mechanism must be free, accessible, transparent, timely and convenient. You have a right to efficient complaints management system through which you can lodge complaints against your bank. You also have the right to be kept abreast of resolution process (acknowledgment, feedback, updates, and explanation) and ultimately, basis of decision. Where you are not satisfied with the decision of your bank, you have the right of review either by your bank, the Central Bank of Nigeria (CBN) or the court,” it stated.
The CBN however, stated that all customers have a right to value for their money which involves the right to be treated with respect and dignity by banks and their representatives.
“The hallmark of banking is customer satisfaction and as such your bank would have failed if it was unable to offer quality and value-adding banking services to you as a customer. Part of this right is that your bank must provide appropriate response to your needs and complaints,” it said.
E-Financial
SEC Partners Chainalysis to Tackle Rising Crypto Scams

A surge in cryptocurrency fraud has prompted the Securities and Exchange Commission (SEC) to strengthen its monitoring measures.
The regulator has partnered with blockchain analytics firm Chainalysis to improve its ability to detect and disrupt illicit activity.
This move follows growing concerns about the security of Nigeria’s expanding digital asset market.
At a joint webinar themed “Combating Scams with Blockchain Intelligence,” Dr. Emomotimi Agama, director-general, SEC, stressed the need for coordinated action.
He said transparency in crypto transactions should be the foundation of enforcement in the sector.
Agama warned that without collaboration, fraudulent activity could grow more dangerous in the future.
The SEC plans to use blockchain’s permanent transaction records to trace and monitor illicit movements of funds. This will include identifying wallet clusters, tracking fund transfers, and analysing transaction histories on networks such as Bitcoin and Ethereum.
Agama said these measures would help the commission detect scams earlier and respond faster.
The Chainalysis 2025 Crypto Crime Report provided data that reinforced the urgency of the SEC’s initiative.
According to the report, illicit crypto addresses received $178 billion worldwide over the last five years.
The highest volume was recorded in 2022, with $54.3 billion, followed by $46.1 billion in 2023 and $40.9 billion in 2024.
Agama said these figures showed the scale of the problem and the need for advanced analytics in enforcement work.
He also noted that Nigeria must improve its technical capacity to match the sophistication of modern financial crimes.
The partnership with Chainalysis is expected to help bridge this capability gap.
The SEC is working under the framework provided by the Investment and Securities Act (ISA) 2025, which took effect in April.
Agama described the law as a key step toward establishing clear rules for the digital asset market.
It also enables cooperation between Nigerian regulators and international partners without discouraging innovation.
He called for active collaboration between regulators, technology providers, and industry players to address fraud before it escalates. “
With all the various tools at our disposal, we must brace up for the challenges ahead,” Agama said.
He added that the collective goal should be to stop criminal activity at its source.
The SEC’s collaboration with Chainalysis is positioned as a strategic move to safeguard investors and improve market integrity.
It reflects an effort to place Nigeria among regional leaders in regulated digital finance.
By integrating blockchain analytics into its operations, the commission aims to create a safer environment for crypto transactions in the country.
E-Financial
World Bank Approves $300m Loan to Support IDPs in Northern Nigeria

World Bank has said that it has given approval of $300 million to fund a new project aimed at bolstering access to services and economic opportunities for internally displaced persons (IDPs) and their host communities in northern Nigeria.
In a release, the World Bank said the Solutions for the Internally Displaced and Host Communities Project (SOLID) was approved on August 7.
It stated that the project will adopt an integrated development strategy to help displaced persons and host communities transition from humanitarian aid to self-reliance and resilience.
It also said the ongoing conflict and insecurity in the region have displaced more than 3.5 million people, straining infrastructure and deepening competition for scarce resources in affected communities.
The bank said SOLID will build on previous government and partner interventions, including the multi-sectoral crisis recovery project (MCRP), which focused on emergency recovery.
“Key areas of focus include building climate-resilient infrastructure, promoting social cohesion, supporting livelihoods, and strengthening institutions to better respond to the pressures of forced displacement.
“We are glad to support this initiative which has a tremendous potential to help Nigeria in addressing development challenges associated with protracted displacement in a sustainable way,” Mathew Verghis, World Bank country director for Nigeria, said.
“The Project’s integrated approach which is aligned with the National IDP Policy and the FGN’s long-term development vision will ensure that IDPs and host communities can transition from dependency on humanitarian assistance to self-reliance and resilience which will open up better economic opportunities,” it added.
The World Bank, which noted that the cproject is expected to benefit up to 7.4 million people, of whom up to 1.3 million individuals are identified as IDPs, added that the project will be implemented through a coordinated, community-driven approach involving all tiers of government, with strong partnerships from international stakeholders.
- Telecom2 days ago
Airtel, Vodacom sign Network Infrastructure Agreement to Drive Digital Inclusion
- Telecom2 days ago
NCC Bars Ex-Officials from Joining Telecom Firms for 5 Years
- E-Business2 days ago
Firm Shares Tips for Safer Remote Working
- E-Financial2 days ago
World Bank Approves $300m Loan to Support IDPs in Northern Nigeria
- E-Financial2 days ago
UBA Unveils Revamped Website, Heralds New of Digital Experience
- Telecom2 days ago
Elon Musk Threatens to Sue Apple Over Alleged App Store Bias Favoring ChatGPT
- General News2 days ago
Huawei Hosts MTN MIP Fellows for Immersive Tech Experience in Lagos
- General News2 days ago
MasterCard Predicts Africa’s AI Market to Soar to $16.5Bn by 2030