Since 2007, Financial Technology has enjoyed rapid development in Nigeria and same is still on the rise. Often termed as the ‘new disruptive market force’, FinTech has challenged the traditional means of providing financial services in the country by improving activities in finance such as money transfer, payments, lending and borrowing, investment management and so much more. The technology has spurred the start-up and maintenance of several businesses, providing easy access to their services and has prompted development in today’s society. The use of such technological innovation has predicated the need for a framework to maintain stability in the financial sector, to ensure hitch-free operations and prevent the ever-looming threat of cybercrime through its stringent provisions. The paper examines Financial Technology in Nigeria, discussing extensively; its innovative growth and impact. The paper also briefly discussed the regulatory frameworks governing the sphere of Financial Technology in Nigeria and concluded by recommending the establishment of a cohesive and specific body for regulating FinTech activities in Nigeria.
This research was carried out to discover if there exists a need to alter the existing intellectual property legislation in Nigeria because of the rise of artificial intelligence. Currently only a human has rights to intellectual property. That is why this is a research of if it could be changed in the future, or if it would be possible to create a legal vicarious effect between Artificial Intelligence (AI) and the owner of that technology to better facilitate works that are created by Artificial Intelligence. The issue is international, and because of that there is a comparison between the European Union (EU) and the United States’ approaches to authorship, copyright and AI, to find out similarities and differences, if those would enable legal co-operation, or if it would prove out to be an impossibility in the current moment. The methods used in the study are qualitative and comparative legal research, based on journal articles and books published by legal scholars. The main results and conclusions that the study draws are, that there exists a need to adapt the existing intellectual property legislation to facilitate computer generated works in the future, and computers ought to be granted a special type of legal authorship, and there are several potential ways of assigning liability over computer generated works, out of which the author sees as the most potential one being using the principles of vicarious liability.