As reward for its position as a digital pioneer in the African banking sector, the continent’s first fully digital bank, ALAT had been awarded Nigeria’s Best Digital Bank at the Euromoney Awards 2025.
ALAT is a brilliant digital platform owned by Nigeria’s oldest indigenous and most innovative bank, Wema Bank.
The organiser of the award ceremony, Euromoney, is respected for delivering data-led analysis that guarantees strategy, improves performance, and aids decision-making at the executive level.
The Euromoney Awards, pioneered by Euromoney, is seen as the ultimate accolade in banking; the highly regarded stamp of approval that financial institutions around the world strive to get.
One bank already ticked that prestigious box as Wema Bank’s revolutionary digital bank, ALAT, was recently awarded Nigeria’s Best Digital Bank at the Euromoney Awards 2025 held at The Peninsula London Hotel in London on Thursday, 17th July, 2025.
Since its unveiling on May 2nd 2017, ALAT has done a lot to bridge the gap in the delivery of financial services to Nigerians in Nigeria and in the diaspora.
The platform has grown to become a vibrant hub of lifestyle and financial solutions for Nigerian adults of all ages and from all walks of life.
Popular for providing a financial ecosystem that offers smooth, dependable and comfortable service for all, ALAT ensures regular financial services like transfers, airtime & data purchases, bill payments and loans are placed without stress.
With key services ranging from in-app local and international flight bookings to personalized savings options, investments and stocks, and numerous deals and discounts on countless products/services, Wema Bank keeps proving that it is here to stay.
Bottom line, ALAT redefined the game, transforming banking and financial services in an era where everything is going digital.
Emphasising the financial institution’s dedication to reshape the future of banking through quality innovations, ALAT, Wema Bank’s MD/CEO, Moruf Oseni, appreciated the Euromoney Awards for paying attention to the Bank’s provision of digital solutions for societal impact.
“The world is moving fast and so is the permeation of ‘digital’ into the most critical aspects of our lives. 80 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. 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”.
As a Bank, our stance is clear. Wema Bank will never relent in empowering lives through innovation and developing digital solutions for societal impact. We will continue to pioneer innovation, empower innovators and bridge the gap between traditional and digital, leveraging the opportunities of the digital world to generate meaningful impact on lives and businesses in Nigeria, Africa and across the world. We have remained resilient in this commitment since 1945 and this award tells us that the world is feeling our impact.
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 said.
Wema Bank won’t stop raising the bar in financial services, especially when it comes to placing Nigeria on the global map for banking and digital innovation.
Since 1945, the financial institution has led a positive transformation in Africa’s banking and financial landscape, which is further proof that Nigerian-owned businesses have the capacity to stand the test of time.
As the Bank marked its 80th anniversary on May 2nd 2025, its futuristic digital platform, ALAT, simultaneously clocked 8, marking 8 years of digital transformation.
