#43 Techbytes: CBN and Social Media KYC for Banks

In this episode of Techbytes, we discussed essential topics from last week in the tech world.

• ChatGPT creator OpenAI sued $3 billion for stealing private data to train its AI
• OPay and MoniePoint dominate Nigeria’s agency banking, controlling 57.8% of 1.5m POS agents
• Paga CEO rejects Arsenal partnership proposal
• FTX cryptocurrency exchange to relaunch sooner than expected

We also discuss our most significant topic for the week: "CBN and Social Media KYC for Banks," following the release of the new circular mandating banks to collect the social media accounts of their customers.