Experts and real estate professionals have been evaluating the recently introduced core banking application by the Federal Mortgage Bank of Nigeria (FMBN), noting its potential to simplify access to mortgages.
This is occurring against a backdrop of worries regarding the adoption of technology in Nigeria’s mortgage sector, which confronts multiple challenges.
Moreover, research conducted by Daily Trust indicates that worries regarding data protection and privacy, along with the absence of a consolidated regulatory framework for digital lending, present further challenges.
Moreover, research conducted by Daily Trust indicates that worries regarding data protection and privacy, along with the absence of a consolidated regulatory framework for digital lending, present further challenges.
In the wake of this, in a swiftly evolving digital environment in which technology is revolutionising individuals’ interactions with financial systems, banks have continually looked for methods to enhance service provision and simplify banking for their customers.
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