Wema Bank’s Digital Financial institution, ALAT, Emerges Nigeria’s Finest Digital Financial institution at Euromoney Awards 2025

In recognition of its place as a digital pioneer within the African banking panorama, Africa’s first absolutely digital financial institution, ALAT, a trailblazing digital platform pioneered by Nigeria’s oldest indigenous and most revolutionary financial institution, Wema Bank, has been awarded Nigeria’s Finest Digital Financial institution on the Euromoney Awards 2025.

Euromoney is a number one supplier of aggressive intelligence and benchmarking perception for the worldwide banking and finance {industry}, trusted for over 50 years to ship data-led evaluation that informs technique, validates efficiency, and helps decision-making on the govt degree. The Euromoney Awards, pioneered by Euromoney, are considered the final word accolade in banking; the industry-leading stamp of approval that banks throughout the globe work yearlong to attain. Recognised as Nigeria’s main monetary establishment in digital innovation, Wema Bank’s revolutionary digital financial institution, ALAT, was awarded Nigeria’s Finest Digital Financial institution on the Euromoney Awards 2025 held at The Peninsula London Resort in London on Thursday, seventeenth July, 2025.

Since its launch on Could 2nd 2017, ALAT has bridged the gaps in supply of economic companies to Nigerians inside Nigeria and globally, evolving remarkably right into a holistic hub of life-style and monetary options for Nigerian adults of all ages and from all walks of life. From merely being the primary absolutely digital financial institution in Africa, ALAT has advanced remarkably right into a digital platform with an ecosystem of dynamic monetary options tailor-made to offer seamless, dependable, and handy service for all. With ALAT, fundamental monetary companies like transfers, airtime & knowledge purchases, invoice funds and loans are positioned on the fingertips of customers, along with a variety of superior monetary companies and options that merge banking with life-style.

From in-app native and worldwide flight bookings to tailor-made private and group financial savings choices, investments and shares, film and occasion tickets, offers and reductions on a limitless pool of services, 24/7 well being session, and a collection of customised mortgage choices for wage earners and non-salary earners; ALAT modified the sport, redefining banking and monetary companies in a world the place digital has turn out to be the long run. In view of ALAT’s groundbreaking position in blazing the path for FinTechs in Africa and its intentionally-curated wealth of options and choices designed to satisfy the wants of Nigerians in Nigeria and the diaspora, it’s evident that the Financial institution is undeniably deserving of the popularity and accolade.

Underscoring Wema Bank’s dedication in shaping the way forward for banking by impactful improvements like ALAT, Wema Bank’s MD/CEO, Moruf Oseni, expressed appreciation to the Euromoney Awards for recognising the Financial institution’s influence on the proliferation of digital innovation in Africa, reiterating the Financial institution’s dedication to its sustainability imaginative and prescient of creating digital options for societal influence. Receiving the award, Oseni commented, “The world is transferring quick and so is the permeation of ‘digital’ into probably the most essential elements of our lives. 80 years in the past when Wema Bank was established, typewriters had been the extent of banking know-how. Right this moment, now we have pioneered a totally digital financial institution, and possess know-how superior sufficient to energy over 150 FinTechs. In ten years, one can solely think about what this fast-paced digital economic system will convey. One factor is evident, any enterprise, enterprise or establishment that may stay related by the tip of the following decade, should leverage digital know-how at present. For this reason Wema Bank is so pushed relating to digital. Innovation and empowerment”.

“As a Financial institution, our stance is evident. Wema Bank won’t ever relent in empowering lives by innovation and creating digital options for societal influence. We are going to proceed to pioneer innovation, empower innovators and bridge the hole between conventional and digital, leveraging the alternatives of the digital world to generate significant influence on lives and companies in Nigeria, Africa and internationally. We’ve remained resilient on this dedication since 1945 and this award tells us that the world is feeling our influence. We’re honoured by this recognition, and I take this chance to increase our sincerest gratitude to the Euromoney Awards. We take this as a problem to maintain up the nice work, go more durable, and proceed going above and past in shaping the way forward for banking by digital innovation. Right here’s to 80 years of influence and a way forward for limitless prospects with Wema Bank”. Oseni concluded.

Wema Bank continues to boost the bar in monetary companies, inserting Nigeria on the worldwide map for banking and digital innovation. Since 1945, the Financial institution has spearheaded a optimistic transformation in Africa’s banking and monetary panorama, proving that Nigerian-owned companies have the capability to final and stand the check of time. Because the Financial institution celebrated its eightieth anniversary on Could 2nd 2025, its futuristic digital platform, ALAT concurrently clocked 8, marking 8 years of digital transformation.

The world continues to observe in anticipation as Wema Bank leads the motion in digital innovation, shaping the way forward for banking in Africa.

ABOUT WEMA BANK

Established on Could 2nd, 1945, Wema Bank is Nigeria’s oldest indigenous financial institution, most revolutionary, and pioneer of Africa’s first absolutely digital financial institution, ALAT. Commemorating a exceptional 80 years of influence and a way forward for prospects, Wema Bank celebrated its eightieth anniversary on Could 2nd 2025 alongside the eighth anniversary of ALAT by Wema.

The publicly quoted Nigerian firm has efficiently constructed a legacy of belief, resilience and banking excellence that has gained it the loyalty of its prospects for 8 many years and counting. The Financial institution has remained revolutionary in delivering worth to its stakeholders, continually introducing services tailor-made to the wants of its prospects at each stage of their lives.

Wema Bank is a proud accomplice to a couple of million people, households, and companies throughout Nigeria, serving to them obtain their private and monetary objectives.

Since its institution in 1945, Wema Bank has constructed a legacy of pioneering innovation and empowering innovation to thrive, connecting conventional with digital and introducing a number of digital gamechangers and industry-firsts which have redefined requirements throughout varied industries and verticals.

From launching Africa’s first absolutely digital financial institution, ALAT, in 2017, Wema Bank went on to launch the ALAT For Enterprise App, a business-focused model of ALAT; CoopHub App, a-first-of-its-kind digital resolution designed to empower cooperatives for optimum productiveness; Wema Phygital, a self-service implementation including a digital contact to the bodily expertise in Wema Bank’s branches; ALATPay, an end-to-end fee gateway that gives prompt settlement for enterprise transactions; and the ALAT Xplore App, Nigeria’s first absolutely licensed banking app for youngsters, amongst others.