5 blockchain use cases in financial services

Tax Alert: Taxpayers to validate official email address with FIRS

Federal Inland Revenue Service (FIRS) has issued a public notice requesting taxpayers to validate their official email addresses in FIRS’ records. The validation process is expected to commence with immediate effect. 

IFRS 15 Revenue from Contracts with Customers: New Revenue Model

Companies in Nigeria have to brace up for the adoption of a new revenue recognition model.  On 28 May 2014, International Accounting Standard Board (IASB) issued a new standard on revenue recognition that replaces all existing revenue recognition models. All IFRS reporting entities must fully comply with the prescribed revenue model by 1 January, 2018.

Directors’ Alert 2017

Directors’ Alert 2017 – Courage under fire: Embracing disruption

Disruption is a topic everyone is talking about. While many organizations fear it, others realize the many opportunities that disruptive technologies, processes, and social norms present. But with every opportunity comes an element of risk – not every disruption will positively impact your enterprise.

2017 Nigeria Cybersecurity Outlook

The year 2016 took cyber-attacks to an unprecedented level; there were reports of it being used to influence and sway votes in democratic elections. In Nigeria, several organisations suffered cyber-attacks, some had to pay ransom for their data to be released.

FEC Approves Revised National Tax Policy

TMT Predictions 2017: Which trends may disrupt business? How could consumer habits change?

  As the pace of technological change becomes exponentially faster, it is increasingly difficult to identify the major trends that could have profound effects on enterprises and consumers. To help address this challenge, we’re pleased to offer the 2017 version of Predictions from Deloitte Global, designed to provide insight into what may offer disruption and growth opportunities across the technology, media and telecommunications ecosystems.

Federal Government releases 2016 Fiscal Policy Measures

FG Releases 2016 Fiscal Policy Measures

The Federal Government of Nigeria has approved and ordered the immediate implementation of the 2016 fiscal policy measures (FPM).

Blockchain technology: 9 benefits & 7 challenges

Blockchain technology: 9 benefits & 7 challenges

Blockchain, mostly known as the backbone technology behind Bitcoin, is one of the hottest and most intriguing technologies currently in the market. Since 2013 Google searches for “blockchain” have risen 1900%.

5 blockchain use cases in financial services

5 blockchain use cases in financial services

One of the most discussed topics in the financial services industry today is blockchain technology. We are beginning to understand what a blockchain is, but how can we best use this technology within our business? 

#5. Blockchain – loyalty and rewards

#5. Blockchain – loyalty and rewards

Blockchain offers many benefits, including transparency and traceability of transactions. This will help banks and insurers to create a more captivating loyalty and rewards program that fits 24/7 performance management and enhances engagement.

#4. Blockchain – how to improve online identity management

#4. Blockchain – how to improve online identity management

Online identity management Online identity management has always been a time-consuming and costly process. First of all, there is the need for registration. A consumer or client could register online but financial services like loans, mortgages or insurance require a higher level of security for the financial institution to comply with Know Your Customer (KYC) regulations.