BFA is working with the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) to redesign their data infrastructure converting voluminous raw data into easily digestible insights.
The “data stack” consists of:
The “data stack” will allow CBN to implement risk-based, timely supervision, develop and monitor financial inclusion strategies, issue evidence-informed regulation, monitor competition, and generate richer open data sets for public and private use that will drive financial innovation and inclusion.
Once the data is properly and securely housed, it will be made available to public and private stakeholders in the form of reports and dashboards that can be tailored to their particular requirements and preferences. Rich and interactive data visualizations will be included at the front end to facilitate analysis and decision making for each user.
Examples of data stack dashboards with mock-up data