E-Financial
Prolexic Gets Arab National Bank Job to Mitigate DDoS

Prolexic, the global leader in Distributed Denial of Service (DDoS) protection services, said that Arab National Bank (ANB), a commercial bank serving more than 2 million customers across Saudi Arabia, has selected its 24/7 monitoring and mitigation services to protect the bank’s online banking and e-trading websites.
ANB selected Prolexic after evaluating several local and global DDoS mitigation service providers and their capabilities.
Prolexic scored highest in ANB’s list of 18 technical and service requirements, which included: DDoS protection to cover all types of DDoS attacks and methods; Activation either on-demand or always-on; Low latency that will not significantly impact site performance; No impact on legitimate business traffic when DDoS protection is on; and DDoS mitigation of both national and international traffic
“Arab National Bank is aware of the risk of DDoS in the financial services sector and has taken proactive action to minimize its impact,” said Stuart Scholly, president at Prolexic.
“More than 10 of the world’s largest banks trust Prolexic for DDoS protection, and we are delighted to welcome Arab National Bank to our global financial services client base.”
“Prolexic could give us 24/7 monitoring plus the bandwidth capacity and flexibility to route both national and international traffic through its global scrubbing centers,” said head of Information Security at Arab National Bank, Alrebdi Al Rebdi.
“That, plus a time-to-mitigate SLA, gave us the confidence that Prolexic could protect ANB against DDoS.”
Prolexic’s PLXrouted service met ANB’s criteria for providing maximum protection against the broadest range of DDoS attack types and sustained high-bandwidth attacks.
PLXrouted is offered as a flexible, asymmetric, on-demand service and enables Prolexic customers to easily activate protection for an entire subnet by redirecting Internet traffic to the Prolexic network during a DDoS attack and routing off of the Prolexic network during non-attack periods. Prolexic’s DDoS protection service for ANB also includes 24/7 monitoring by Prolexic’s Security Operations Center (SOC). ANB also works with a local Prolexic global partner, Cyberia, which provides dedicated engineers to provide local support. ANB has not come under DDoS attack since PLXrouted was implemented.
“Financial services firms must educate themselves on the different types of DDoS attacks, because most people do not completely understand the huge impact they can have on our business,” said ITG-head of Telecoms at Arab National Bank, Jamil M. Barakat.
“As we have learned at ANB, it is critically important to have a good and reliable DDoS mitigation solution in place.”
E-Financial
Nigerian Banks End Years of Embargo, Resume Intl Transactions on Naira Cards

Nigerian banks have resumed international transactions on naira-denominated debit cards, marking a significant shift in banking operations for customers who rely on foreign payments.
This is coming nearly three years of suspension.
United Bank for Africa (UBA) and Wema Bank, in separate communications to their customers, announced the restoration of international payment services on their naira cards.
In a notice to its customers, UBA said the reactivation of international transactions on its premium naira cards aligns with its commitment to delivering improved and seamless banking experiences.
“We are pleased to inform you that all UBA Premium Naira Cards, including Gold, Platinum, and World variants, are now enabled for international transactions,” the bank stated.
“This means you can now use your Premium Naira Card for global payments — including online shopping, POS, and ATM transactions — with ease and flexibility. If you haven’t used your card recently, now is a great time to rediscover the convenience and prestige that comes with being a UBA premium cardholder.”
Similarly, Wema Bank announced that its customers can now make dollar payments on international platforms using their naira Mastercards.
“Your Wema Naira Mastercard just went global!” the bank said. “Now you can pay in dollars on all your favourite international platforms — Amazon, eBay, AliExpress, Netflix, Spotify, YouTube.”
The development marks a major relief for Nigerian customers who have had to rely on dollar cards or alternative payment methods since most banks suspended international usage of naira cards in 2021 due to foreign exchange scarcity.
E-Financial
Flutterwave Secures 20 more US Money Transmitter Licences

Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across U.S. states following its newly acquired Money Transmitter Licences (MTLs).
This comes after Flutterwave secured 20 additional MTLs in the U.S., adding to the 14 licenses the brand has held since 2023.
Altogether, this achievement raises Flutterwave’s total number of direct licenses to 34, allowing the company to operate across many U.S. states and territories without partners or intermediaries.
Users in the U.S. can now send money to Nigeria, Ghana and Egypt, unlocking new remittance corridors that were previously unavailable.
Alongside this expansion, the onboarding process has been streamlined with a quick ID check, making it faster and easier for new users to get started.
Additional improvements include optimised payment support for US-issued Visa and Discover cards, enhanced security measures to safeguard transactions and maintain compliance, and improved in-app flows for a simpler, more efficient sending experience.
This return also highlights Flutterwave’s commitment to delivering a seamless, secure, and regulatory-compliant user experience for all Send App customers in the U.S. Users can now send money from DC, Georgia, Maryland, North Carolina, Michigan, South Carolina, Tennessee.
Other U.S. states and territories where Send App by Flutterwave supports outward remittances include Alaska, Arizona, Arkansas, Delaware, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Minnesota, Mississippi, and Missouri, Nebraska, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Dakota, Utah, Washington, West Virginia, Wisconsin, and Wyoming.
Commenting on the relaunch, Olugbenga “GB” Agboola, Flutterwave Founder and CEO, said, “By expanding our reach and enhancing our services, we are empowering millions of Africans in the U.S. to maintain strong financial ties with their home countries, support their families, and contribute to economic development across the continent. Additionally, we are staying true to our core mission of bridging Africa with the global economy and vice versa.”
Earlier this year, Flutterwave integrated Swap into Send App for seamless FX transactions and strengthened its services in Ghana by securing approval for inward remittance from the Bank of Ghana.
E-Financial
Court Affirms NIBSS Authority to Manage BVN

Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System (NIBSS), to manage the Bank Verification Number (BVN), database across the country, in line with the Central Bank of Nigeria (CBN), Act and other relevant banking laws.
This is according to a judgment delivered by Justice James Omotosho on Friday.
Wolemi Esan, senior advocate of Nigeria, NIBSS’s counsel, and Kofo Abdulsalam-Alada, lead counsel for the CBN, among others, had sought a restraining order to prevent any institution in Nigeria from challenging the agency’s statutory authority to maintain and manage the BVN database.
This comes as NIBSS had alleged that Digital Rights Lawyers Initiative filed multiple suits, either directly or through proxies, challenging its authority to manage the BVN database and claiming that such management violates constitutional privacy rights.
However, Justice Omotosho, delivering his judgment, said the BVN does not infringe on the constitutional right to privacy.
“The initiative does not infringe on the constitutional right to privacy but rather serves as a necessary tool for safeguarding public interest and enhancing financial security.
“NIBSS has the power to manage the BVN,” the judge said, citing relevant CBN laws.
“The court grants the reliefs of NIBSS as prayed,” he stated.
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