KYC Requirements for Onboarding New Customers for FinTech Companies

KYC Requirements for Onboarding New Customers for FinTechs In this week’s #TMTThursdaybyDOA, we explore the essential KYC requirements for onboarding new customers by Fintech companies in Nigeria. Discover how to navigate the CBN’s stringent regulations to prevent financial crimes and…

By TMT Team

Jun 13, 2024

Author

KYC Requirements for Onboarding New Customers for FinTechs

In this week’s #TMTThursdaybyDOA, we explore the essential KYC requirements for onboarding new customers by Fintech companies in Nigeria. Discover how to navigate the CBN’s stringent regulations to prevent financial crimes and ensure compliance.
 
Read the full article for insights on the three-tiered KYC framework, transaction monitoring, and handling high-risk customers.

Click here to read the article on KYC Requirements for Onboarding New Customers for FinTech Companies

Get more publications like this straight to your inbox.

Our perspectives on investment locally and globally, business opportunities in a challenging environment, delivered to your inbox monthly.

Related Publications

Corporate

Duale, Ovia & Alex-Adedipe Opens its Abuja Office

Apr 08, 2022

Duale, Ovia & Alex-Adedipe is delighted to announce the opening of its Abuja office. This is in line with our commitment to providing clients with more simplified, integrated and innovative solutions to drive their businesses across Nigeria.

Technology

Licensing Regime for Payments Sector in Nigeria

May 29, 2021

On 24th May 2021, the Central Bank of Nigeria (“CBN”) released a new circular titled “New License Requirements for Payment System” (the “Circular”). The Circular effectively introduces new license categorization requirements for payments systems in Nigeria (the “Sector”). Key Highlights…

Technology

Duale, Ovia & Alex-Adedipe advises Mono Technologies Limited on its US$15m Series A Funding Round

Oct 12, 2021

Duale, Ovia & Alex-Adedipe is pleased to have advised Mono Technologies Limited (an African fintech startup that helps connect consumer’s bank accounts to financial institutions) as Nigerian Solicitors in connection with its US$15m Series A Funding Round led by Tiger…