By Calista Oyeoba Posted/ June 12, 2025

In Nigeria, like other global economies, the finance sector is undergoing relevant and meaningful transformation, driven by technological advancements. New companies are now using artificial intelligence (AI), blockchain and other applications like cloud computing to provide innovative services that are changing the way we manage money.

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Fintech operations are steadily increasing access to more financial services, making it easier for people to manage their finances. Blockchain technology is enhancing transaction security and efficiency. AI is improving decision making and customer service. So, the troika of fintech, blockchain and AI are setting revolution financial development that is benefitting corporations and government is so many ways, hitherto not possible.

The future of finance offers numerous opportunities, including increased access to financial services for underserved populations. New investment options, such as green bonds, are emerging to support sustainable projects. Emerging markets are driving innovation and growth.

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We have witnessed the robust expansion in United States, China, Asia and European economies are leveraging these new opportunities made possible by technology. But despite the opportunities, the future of finance also present challenges. Data security and privacy concerns need to be addressed, both in the short and long term through constant reviews and tech conversations. The use of AI and automation raises ethical questions in many countries, still. Economic inequality also remains a pressing issue that requires attention.

The future of finance will be shaped by its ability to adapt to new technologies while prioritizing ethics and sustainability. By embracing innovation and addressing challenges, the financial sector can create a more inclusive, resilient, and sustainable system that benefits everyone.

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NOTE: Calista is a Trainee-journalist who contributes regularly to DDNEWSONLINE.COM from the Department of Mass Communication, Ekocity Polytechnic, Lagos

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