By Progress Godfrey
Galaxy Backbone (GBB) has intensified its engagement with banks, fintech firms, and other financial institutions as the Central Bank of Nigeria (CBN) moves to enforce the local storage of payment transaction data.
The digital infrastructure and shared services provider, in a statement yesterday, brought together Chief Information Officers, fintech leaders, and technology stakeholders at its second-quarter webinar to discuss digital trust, regulatory compliance, and resilient infrastructure for the financial sector.
The webinar followed the CBN’s directive to banks, fintech companies, mobile money operators and other payment service providers to store payment transaction data generated in Nigeria on local servers to strengthen regulatory oversight, improve transparency and ensure critical financial data remains within the country.
The company highlighted its comprehensive digital infrastructure, saying, “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.’
