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August 7, 2026|02:23

Firms Commit to Advance Nigeria’s Digital Banking Technology

Firms Commit to Advance Nigeria’s Digital Banking Technology

This Day about 2 hours 2 mins read

Emma Okonji

Joint delegation, led by Interswitch Group CEO Mitchell Elegbe and Temenos MEA Managing Director Santhosh Rao, have explored new frontiers of innovation in areas such as core banking modernization, financial crime mitigation and Central Bank Digital Currency innovation.

Interswitch Group, Africa’s leading integrated digital payments and commerce company, together with global banking software provider Temenos, jointly paid a courtesy visit to the Central Bank of Nigeria (CBN) last week, in a continued demonstration of their strategic partnership to advance the modernisation of Nigeria’s financial services sector.
In June 2026, Interswitch and Temenos officially announced a strategic partnership across Africa which will see Interswitch leverage Temenos solutions – across core banking, digital banking, payments, wealth management and financial crime mitigation – to provide cloud-hosted and on-premises managed services to banks and financial institutions across Africa.

Discussions during the regulatory visit to CBN in Abuja, centred on the strategic partnership between Interswitch and Temenos, and how it will enable Nigerian financial institutions to progressively modernise their core banking platforms and transition to more customer-centric business models. The two organisations also explored opportunities to work with the CBN in charting new frontiers in Central Bank Digital Currency (CBDC) innovation, leveraging resilient financial networks and decentralized application platforms to support the issuance and management of CBDCs.

Commenting on the visit, Mitchell Elegbe, Founder and Group CEO of Interswitch, said: “Our partnership as Interswitch with Temenos and our continued engagement with the Central Bank of Nigeria reflect a shared commitment to building banking infrastructure that is resilient, inclusive, and ready for the next phase of Africa’s financial evolution. We are proud to be at the table as these conversations shape the future of digital banking technology and innovation across key Africa markets.”

This article was sourced from an external publication.

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