ALAT, the digital platform pioneered by Wema Bank, has been recognised as Nigeria’s Best Digital Bank at the Euromoney Awards 2025.

This was disclosed in a statement following the award ceremony, which was held in London on Thursday.

Euromoney is a leading provider of competitive intelligence and benchmarking insight for the global banking and finance industry. The Euromoney Awards, pioneered by Euromoney, are regarded as the ultimate accolade in banking, the industry-leading stamp of approval that banks across the globe long to achieve.

Underscoring Wema Bank’s commitment to shaping the future of banking through impactful innovations like ALAT, Wema Bank’s Managing Director/Chief Executive Officer, Moruf Oseni, expressed appreciation to the Euromoney Awards for recognising the bank’s impact on the proliferation of digital innovation in Africa.

He said, “The world is moving fast, and so is the permeation of ‘digital’ into the most critical aspects of our lives. Eighty 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.”

Oseni  added, “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.”

ALAT was launched on May 2nd, 2017, and has since evolved into a digital platform with an ecosystem of dynamic financial solutions tailored to provide seamless, reliable, and convenient service for all.