👨🏿‍🚀TechCabal Daily – Silverbacks turns silver to gold
Mohammed Bashir Yunusa is a banking executive with over 15 years of experience driving growth, transformation, and value creation across the financial services industry. His expertise spans business strategy, digital banking, commerce, innovative finance, investment and deal structuring, corporate finance, and non-interest banking.Â
As Divisional Head, Digital Banking & Commerce at The Alternative Bank, Yunusa provides strategic leadership for the Bank’s digital banking, commerce, product management, and ecosystem partnerships.
- Explain your job to a five-year-old.
I help people save, spend, borrow, and grow their money in smarter ways.Â
My team builds the tools that make banking simple, fast, and useful, so people can focus on living their lives while money quietly works for them.
- Non-interest banking removes the tool most digital lenders build credit products around: interest. How do you build a credit-based commerce platform without it?Â
You stop thinking about lending and start thinking about trade.Â
In non-interest banking, every transaction must be backed by a genuine commercial activity that forces you to build around assets, partnerships, and real economic value, not risk-priced through interest.Â
Our job isn’t to replicate conventional banking. It’s to build better commercial models where customers gain access to goods and services, merchants increase sales, and the bank earns from facilitating genuine trade. Done well, everyone wins.Â
- In bank-fintech-merchant partnerships, who holds the leverage, and has that shifted in the last few years?Â
Leverage belongs to whoever owns the customer relationship.Â
A few years ago, fintechs had the advantage because they moved faster. Today, banks have become significantly more digital, merchants more sophisticated, and customers expect integrated experiences.Â
The future belongs to partnerships where everyone contributes something unique—not to whoever tries to own everything.Â
- What’s the strongest contrarian prediction you have about the future of digital banking in Nigeria?
The biggest banks of the next decade may not win because they have the most branches or even the most customers. They’ll win because they own the most valuable ecosystems.Â
It isn’t about becoming the biggest bank. It’s about becoming the platform where customers build their financial lives.
Crédito: Link de origem