CBN engages FinTech leaders on innovation, integrity and consumer protection in Washington, D.C.

*Olayemi Cardoso, Governor of the Central Bank of Nigeria, on the sidelines of the 2025 World Bank and IMF Meetings, in Washington, D.C., United States, holds a strategic session with FinTech founders, investors, regulators, and policy leaders, to deepen collaborations and co-create policies that balance innovation with financial stability in the ecosystem

Gbenga Kayode | ConsumerConnect

The Central Bank of Nigeria (CBN) has stressed the significance of collaborations with industry stakeholders, and feedback mechanism in developing effective policies for the financial and FinTech ecosystem in the country.

ConsumerConnect reports Dr. Olayemi Cardoso, Governor of CBN, stated this while interacting with the country’s Financial Technology (FinTech) founders, investors, regulators, and policy leaders in a closed-door meeting on the sidelines of the recent 2025 Annual Meetings of the World Bank and International Monetary Fund (IMF) Meetings in Washington, D.C., United States (US).

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The theme of the strategic session with the FinTech CEOs was: “Shaping the Future of Fintech in Nigeria: Innovation, Inclusion, and Integrity”.

The CBN, in a blog note via its verified social media account, noted the forum attracted FinTech founders, investors, regulators, and policy leaders in a move to deepen collaboration and co-create policies that balance innovation with financial stability in the country.

Reaffirming the Bankers’ Bank pro-innovation stance, Dr. Cardoso also emphasised that collaborations and feedbacks are important in developing effective policies for the financial and FinTech industry.

He further stated: “At the CBN, we are committed to creating an environment where new ideas can flourish under prudent oversight, and where inclusion is at the heart of our endeavours.

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“As we embrace new technology, it is our responsibility to uphold the integrity of the financial system, maintaining strong governance, consumer protection, and risk management so that trust in our institutions remains firm.”

The banking sector regulator said participants in the FinTech stakeholders’’ forum, in Washington, D.C. as well discussed five key areas.

The CBN noted these as Innovation and Responsible Growth, Infrastructure and Interoperability, Legal and Policy Enablement, Compliance and Financial Integrity, and Market Confidence and Sustainable Capital Flows.

The strategic session ended concluded with a shared commitment to continuous engagement between the CBN and FinTech community so as to align regulatory monetary reforms with the country’s broader financial innovation agenda.