BY CHIKA OKEKE, Abuja
Galaxy Backbone, GBB, has attributed successes recorded in Nigeria’s financial sector to persistent deployment of secured digital infrastructure, underscoring the importance of trusted digital infrastructure in enabling reliable and future-ready financial services.
This was even as the digital services provider emphasised the need for secure digital infrastructure as financial institutions adapt to evolving regulatory requirements and increasing digital adoption.
This formed the crux of discussion at its second-quarter webinar in Abuja with the theme: “Building Digital Trust in Nigeria’s Financial Sector: Navigating Regulatory Compliance and Infrastructure Performance.”
The webinar attracted Chief Information Officers, CIOs, from banks, fintech leaders and technology stakeholders on the need to strengthen digital trust through regulatory compliance and resilient infrastructure.
This followed directives by the Central Bank of Nigeria, CBN, mandating banks, fintech companies, mobile money operators and other payment service providers to store payment transaction data generated within Nigeria on local servers.
The CBN policy is intended to strengthen regulatory oversight, improve transparency, reduce concentration risks and ensure that critical payment data remains within the country’s jurisdiction.
Executive Director of Finance, Ibrahim Sani disclosed that Galaxy Backbone continues to provide the digital backbone that supports both public and private sector institutions, including several financial institutions that already rely on its secure connectivity, cloud and data centre services.
He pointed out that GBB remains well positioned to support the industry’s compliance journey by delivering resilient infrastructure that meets evolving regulatory and business requirements.
The Executive Director of Digital Exploration and Technical Services, Olumbe Akinkugbe, examined the role of regulatory compliance in safeguarding Nigeria’s financial ecosystem.
He informed that adherence to CBN directives and other regulatory frameworks is essential to strengthening transparency, accountability, consumer confidence and the security of financial data in an increasingly digital economy.
GBB’s Head, Automation and Integration, Thomas Oghenebhumhe showcased Galaxy Backbone’s sovereign cloud capabilities and the critical role of secure cloud adoption in the financial sector.
He explained how resilient cloud infrastructure enables financial institutions to innovate faster, improve operational efficiency, protect sensitive information and maintain compliance with regulatory standards.
Head, Data Centre Operations, Samuel Olusola Oyeleke highlighted Galaxy Backbone’s globally certified Tier III and tier IV Data Centre infrastructures.
Galaxy Backbone’s value proposition is further strengthened by its Uptime certified Data Centres, Payment Card Industry Data Security Standard, PCI DSS, certification, sovereign cloud platform and nationwide fibre infrastructure.
As the organisation expands its partnerships across the financial services sector, it reiterated its commitment to empowering banks, fintechs and other financial institutions with the resilient infrastructure, trusted platforms and innovative solutions required to build a secure, compliant and future-ready financial ecosystem.
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