Galaxy Backbone is stepping up efforts to win banks and fintech firms as customers for its digital infrastructure services, following a directive from Nigeria’s central bank (CBN) on local data storage. According to reporting from The Punch, the company frames the push as a response to regulatory expectations that key financial-sector data be hosted within Nigeria. The initiative targets institutions that need compliant data-handling arrangements, including platforms that support digital banking, payments, and related services. Galaxy Backbone’s outreach is described as part of broader market engagement after the CBN’s move, with the company positioning its infrastructure as an option for organisations seeking to meet the data-localisation requirements. The reports do not describe specific customer signings or contract terms, but they indicate that the company’s sales and partnership activities are intensifying in anticipation of institutions adjusting their data architectures. Overall, the development links the CBN’s policy shift to increased demand for local infrastructure providers in the financial technology ecosystem.
Galaxy Backbone seeks banks and fintechs after CBN data-localisation directive
Galaxy Backbone is stepping up efforts to win banks and fintech firms as customers for its digital infrastructure services, following a directive from Nigeria’s central bank (CBN) on local data storag...
- Galaxy Backbone is promoting its digital infrastructure services to banks and fintech firms.
- The company’s outreach follows a CBN directive requiring local data storage.
- The CBN’s data-localisation policy drives financial institutions to adapt their data hosting arrangements.
- The reporting indicates increased engagement by Galaxy Backbone, without detailing specific new contracts.
- No particular bank or fintech partner is named in the provided excerpts.
Galaxy Backbone intensifies efforts to attract banks and fintechs to its digital infrastructure services following the CBN’s directive on local data storag Read More: https://punchng.com/galaxy-backbone-woos-banks-after-cbn-directive/
1 hour agoGalaxy Backbone intensifies efforts to attract banks and fintechs to its digital infrastructure services following the CBN’s data localisation directive. L Read More: https://punchng.com/fgs-galaxy-backbone-woos-banks-after-cbn-data-localisation-directive/
6 hours ago
China test-fires submarine-launched missile into Pacific, concerns raised by regional allies
China test-fires a submarine-launched missile into the Pacific Ocean on Monday, in an exercise described by Beijing as r...
Tanker catches fire after projectile strike near Strait of Hormuz, UK maritime agency says
A commercial oil tanker catches fire after being struck by an “unknown projectile” in waters near the Strait of Hormuz,...
One dead, another critically injured after double shooting in Scarborough
Toronto police say a shooting in Scarborough leaves one person dead and a second person critically injured. Officers res...