Software, cloud and security for Nigerian fintech companies

Challenges we see

Fintech companies move quickly, but the environment around them does not forgive shortcuts. We commonly see:

• Compliance requirements arriving late. Identity verification, transaction monitoring, record keeping and reporting are bolted on after launch, when they are hardest to change.
• Bank and partner due diligence. Partner banks, card schemes and payment processors send long security questionnaires and expect evidence, not intentions.
• Integration sprawl. Payment processors, identity verification providers, core banking platforms, accounting systems and data aggregators each have their own APIs and failure modes.
• Cloud security and cost. Early infrastructure built for speed often has broad permissions, unclear environments and rising bills, made harder when cloud services are priced in dollars.
• Fraud and account takeover. Credential stuffing, synthetic identities, SIM-swap attacks and social engineering target onboarding and payouts.
• Small teams carrying operations. Engineers end up running laptops, SaaS accounts, access reviews and incident response alongside product work.

How Promatics helps

We support fintechs across product, platform and operations:

• Product engineering. Our custom software development team builds web platforms, APIs and back-office tools with audit trails, role-based access, maker-checker approvals and data retention designed in, not added later, and with mobile-first users in mind.
• Cloud engineering. Through AWS deployment and cloud engineering we set up separate environments, infrastructure as code, least-privilege access, encryption, logging and cost controls. There is no major public cloud region in Nigeria, so we help you weigh local data centres against regions abroad where residency matters.
• Integrations. Business system integration connects payment gateways, identity verification, accounting and CRM systems, with retry logic, reconciliation and alerting so failed transactions do not disappear silently.
• Security. Security assessments give you an independent view of controls before partner reviews, and our cybersecurity services provide a layered stack aligned with recognised frameworks such as the NIST Cybersecurity Framework, including endpoint detection, identity protection and monitoring.
• Compliance readiness. Data protection and compliance readiness helps you document controls, policies and incident procedures that support your compliance officer's programme.

For the company itself, our managed IT covers a fully remote, 24/7 help desk for managed-service clients, system design and networking, software licence management, hardware procurement and inventory, and on-site systems maintenance where your agreement includes it. A virtual CIO provides strategic assessments, gap analysis and project management as you scale.

Many fintech products now include AI features, from document checks to customer-facing assistants. We build them with the controls partners and regulators expect: generative AI development with evaluation, access control and audit logs, backed by AI governance and security reviews. Where records must not leave your environment, we can run open-weight AI models on servers you control.

Nigerian regulatory and operating context

• CBN licensing and guidelines. Payment service providers, mobile money operators, switching and other regulated payment businesses are licensed and supervised by the Central Bank of Nigeria (CBN), whose cybersecurity framework and guidelines expect governance, operational risk management, incident response and safeguarding of customer funds. Confirm the rules for your licence category.
• Investment and digital-asset products. SEC Nigeria regulates capital-market operators and publishes rules that can apply to digital-asset and investment platforms. Check the current requirements with your legal adviser.
• Anti-money laundering. Financial businesses keep customer due diligence records and file reports with the Nigerian Financial Intelligence Unit (NFIU). Systems need to capture and retain this information reliably.
• Open banking and bank connectivity. Interbank transfers (NIP) and bank connectivity rely on regulated infrastructure, and the CBN has issued guidance on open banking. Participants should confirm current technical, security and accreditation requirements before building.
• Card data. Companies that store, process or transmit cardholder data must meet PCI DSS, and good architecture can reduce how much of your platform is in scope.
• Data protection. The Nigeria Data Protection Act 2023 (NDPA), enforced by the Nigeria Data Protection Commission, governs personal data, including notification of the NDPC within 72 hours of becoming aware of a breach likely to risk individuals' rights and freedoms, and rules for transfers outside Nigeria. Fintechs handling large volumes of personal data may also have registration duties as data controllers or processors of major importance.
• Partner expectations. Partner banks regulated by the CBN apply their own third-party risk requirements, so expect those expectations to flow down to you.

This is general information, not legal advice. We do not certify compliance or act as your compliance officer.

Questions fintechs ask

Can you work with our in-house engineers? Yes. We often take on infrastructure, integrations or security work while your team focuses on the core product, with shared repositories and clear ownership.