Wema Bank’s digital platform, ALAT, was named Nigeria’s Best Digital Bank at the 2025 Euromoney Awards which was held in London on Thursday.
Euromoney is a top supplier of benchmarking information and competitive intelligence for the international banking and finance sector.
Developed by Euromoney, the awards are considered the pinnacle of banking recognition and the industry-leading endorsement that banks across the world strive for.
Wema Bank’s dedication to influencing banking industry’s future via ALAT
Moruf Oseni, Wema Bank’s managing director and chief executive officer, emphasised the bank’s dedication to influencing the banking industry’s future through significant innovations like ALAT.
He said, “The world is moving fast, and so is the permeation of ‘digital’ into the most critical aspects of our lives. Eighty years ago, when Wema Bank was established, typewriters were the extent of banking technology. Today, we have pioneered a fully digital bank and possess technology advanced enough to power over 150 fintechs. In ten years, one can only imagine what this fast-paced digital economy will bring.”
He continued, “One thing is clear: any business, venture, or institution that will remain relevant by the end of the next decade must leverage digital technology today. This is why Wema Bank is so driven when it comes to digital, innovation and empowerment.”
Wema Bank’s commitment to development of digital solutions
Oseni added that the bank’s position is unambiguous. Wema Bank is committed to leveraging innovation to enhance people’s lives and developing digital solutions that have a social impact.
To significantly impact people’s lives and businesses in Nigeria, Africa, and around the world, Wema Bank promised to keep innovating, empower innovators, and bridge the gap between traditional and digital banking.
Since 1945, the bank has persisted in this commitment, and this recognition indicates that its influence is being felt globally.
Wema Bank’s CEO expresses gratitude
Oseni thanked the Euromoney Awards for acknowledging Wema Bank’s contribution to the spread of digital innovation in Africa.
He said, “We are honoured by this recognition, and I take this opportunity to extend our sincerest gratitude to the Euromoney Awards.”
“We take this as a challenge to keep up the good work, go harder, and continue going above and beyond in shaping the future of banking through digital innovation. Here’s to 80 years of impact and a future of limitless possibilities with Wema Bank,” He emphasised.
Since its May 2, 2017 launch, ALAT has developed into a digital platform with an ecosystem of dynamic financial solutions designed to offer its users a smooth, dependable, and convenient service.