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Galaxy Backbone Engages Banks, Fintechs on Digital Trust, Secure Financial Infrastructure

Galaxy Backbone (GBB) has engaged banks, fintech companies, regulators and other technology stakeholders in fresh discussions aimed at strengthening digital trust, enhancing regulatory compliance and building secure digital infrastructure for Nigeria's financial sector.

The engagement forms part of the agency's efforts to promote a resilient digital ecosystem capable of supporting the country's rapidly expanding financial services industry amid growing cybersecurity threats and increasing regulatory requirements.

Speaking during the engagement, Galaxy Backbone stressed that digital trust has become a critical pillar for sustainable growth in the financial sector as institutions continue to embrace digital banking, cloud computing, electronic payments and other technology-driven services.

The agency noted that stronger collaboration among government institutions, financial service providers and technology companies is essential to safeguarding critical digital infrastructure, protecting customer data and ensuring uninterrupted financial services.

Discussions at the forum focused on cybersecurity, regulatory compliance, digital infrastructure resilience, data protection, operational continuity and emerging technologies shaping the future of financial services in Nigeria.

Stakeholders also examined strategies for improving cyber resilience, strengthening digital governance and adopting best practices that will enhance public confidence in digital financial platforms.

Galaxy Backbone reaffirmed its commitment to supporting Nigeria's digital transformation agenda by providing secure government ICT infrastructure, cloud services, connectivity and cybersecurity solutions that serve both public institutions and strategic sectors of the economy, including finance.

The agency said the initiative reflects its broader vision of fostering a secure and trusted digital environment that encourages innovation while protecting businesses and consumers from evolving cyber threats.

Industry experts at the engagement underscored the need for stronger partnerships between financial institutions, fintech firms, regulators and technology providers to address emerging security challenges and ensure compliance with evolving regulatory standards.

They noted that as Nigeria's digital economy continues to expand, investments in secure digital infrastructure and trusted technology frameworks will be essential to sustaining innovation, boosting investor confidence and improving the delivery of financial services.

The engagement is expected to strengthen collaboration across the financial technology ecosystem and contribute to the development of a more secure, resilient and inclusive digital financial sector in Nigeria.

 

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