In recognition of its place as a digital pioneer within the African banking panorama, Africa’s first totally digital {bank}, ALAT, a trailblazing digital platform pioneered by Nigeria’s oldest indigenous and most revolutionary {bank}, Wema Bank, has been awarded Nigeria’s Finest Digital {Bank} 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 stage. The Euromoney Awards, pioneered by Euromoney, are considered the last word accolade in banking; the industry-leading stamp of approval that banks throughout the globe work yearlong to realize. Recognised as Nigeria’s main {financial} establishment in digital innovation, Wema Bank’s revolutionary digital {bank}, ALAT, was awarded Nigeria’s Finest Digital {Bank} on the Euromoney Awards 2025 held at The Peninsula London Lodge in London on Thursday, seventeenth July, 2025.
Since its launch on Could 2nd 2017, ALAT has bridged the gaps in supply of monetary providers to Nigerians inside Nigeria and globally, evolving remarkably right into a holistic hub of way of life and {financial} options for Nigerian adults of all ages and from all walks of life. From merely being the primary totally digital {bank} in Africa, ALAT has advanced remarkably right into a digital platform with an ecosystem of dynamic {financial} options tailor-made to offer seamless, dependable, and handy service for all. With ALAT, fundamental {financial} providers like transfers, airtime & knowledge purchases, invoice funds and loans are positioned on the fingertips of customers, along with a variety of superior {financial} providers and options that merge banking with way of life.
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 and products, 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 {financial} providers in a world the place digital has turn out to be the longer term. In view of ALAT’s groundbreaking function 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 {Bank} is undeniably deserving of the popularity and accolade.
Underscoring Wema Bank’s dedication in shaping the way forward for banking by way of impactful improvements like ALAT, Wema Bank’s MD/CEO, Moruf Oseni, expressed appreciation to the Euromoney Awards for recognising the {Bank}’s affect on the proliferation of digital innovation in Africa, reiterating the {Bank}’s dedication to its sustainability imaginative and prescient of growing digital options for societal affect. Receiving the award, Oseni commented, “The world is transferring quick and so is the permeation of ‘digital’ into essentially the most crucial elements of our lives. 80 years in the past when Wema Bank was established, typewriters have been the extent of banking know-how. Right now, now we have pioneered a completely digital {bank}, 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 carry. One factor is evident, any enterprise, enterprise or establishment that can stay related by the top of the following decade, should leverage digital know-how as we speak. That is why Wema Bank is so pushed on the subject of digital. Innovation and empowerment”.
“As a {Bank}, our stance is evident. Wema Bank won’t ever relent in empowering lives by way of innovation and growing digital options for societal affect. We’ll proceed to pioneer innovation, empower innovators and bridge the hole between conventional and digital, leveraging the alternatives of the digital world to generate significant affect on lives and companies in Nigeria, Africa and the world over. We’ve got remained resilient on this dedication since 1945 and this award tells us that the world is feeling our affect. 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 great work, go more durable, and proceed going above and past in shaping the way forward for banking by way of digital innovation. Right here’s to 80 years of affect and a way forward for limitless potentialities with Wema Bank”. Oseni concluded.
Wema Bank continues to boost the bar in {financial} providers, inserting Nigeria on the worldwide map for banking and digital innovation. Since 1945, the {Bank} has spearheaded a constructive transformation in Africa’s banking and {financial} panorama, proving that Nigerian-owned companies have the capability to final and stand the take a look at of time. Because the {Bank} 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 {bank}, most revolutionary, and pioneer of Africa’s first totally digital {bank}, ALAT. Commemorating a outstanding 80 years of affect and a way forward for potentialities, 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 received it the loyalty of its prospects for 8 a long time and counting. The {Bank} has remained revolutionary in delivering worth to its stakeholders, continually introducing services and products tailor-made to the wants of its prospects at each stage of their lives.
Wema Bank is a proud associate to a couple of million people, households, and companies throughout Nigeria, serving to them obtain their private and {financial} targets.
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 totally digital {bank}, 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 answer 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 totally licensed banking app for youngsters, amongst others.
