Union Bank Reiterates Commitment To Innovation, Technological Advancement With SpaceNXT

Union Bank has reiterated its commitment to innovation and technological advancement in Nigeria with the launch of SpaceNXT in Nigeria.

Located within the Union Bank Head Office in Lagos Nigeria, SpaceNXT was set up to provide an enabling environment where tech enthusiasts, visionaries, and creators can converge for the propagation of new ideas.

It is a launching pad for innovators to collaborate, develop and improve on ideas around digital systems and technology.

Lola Cardoso, Executive Director and Head, Retail Banking and Digital, Union Bank, spoke on the benefits of SpaceNXT to the tech ecosystem.

She said, “Globally, technology, and innovation are key drivers of growth, and here in Nigeria, the tech community is at the forefront of our ongoing digital revolution.

"To unlock the massive potential of the sector, we must create an enabling environment that promotes collaboration and fosters strong partnerships within the ecosystem.

"This is why we launched SpaceNXT - to serve and enable the growth of the tech community.”

The launch event which was held on Thursday, April 7, 2022, had Special Guest of Honour, Tunbosun Alake, Special Adviser on Innovation and Technology to the Governor of Lagos State, in attendance.

He officially opened the space alongside the executives of the bank.

Speaking during the ribbon-cutting ceremony, he said, “This is indeed a laudable moment for Union Bank. With the launch of SpaceNXT, Union Bank has established itself as a bonafide trusted partner for the future generation.

"SpaceNXT is a sandbox for culture change and an enabling lever to drive innovation and technology in Nigeria.”

Union Bank’s Chief Executive Officer, Emeka Okonkwo, shared the Bank’s reason for launching the Space at this time.

“For us at Union Bank, we believe the best way to predict the future is to create it. This is why we are pushing beyond banking to take a strategic position as enablers of success within the tech and innovation industry.

"We are excited at the opportunity to enable the ecosystem and co-create a future that is brighter than we can imagine today”.