Galaxy Backbone Reaffirms Commitment To Digital Financial Ecosystem

Galaxy Backbone (GBB) Limited has reaffirmed its commitment to supporting Nigeria’s digital financial ecosystem to accelerate the transformation of Nigeria’s financial sector, underscoring the importance of trusted digital infrastructure in enabling secure, reliable, and future-ready financial services.

Indications of this development emerged when the GBB convened a meeting for chief information officers (CIOs) from banks, fintech leaders and technology stakeholders for its second-quarter webinar on strengthening digital trust through regulatory compliance and resilient infrastructure.

The webinar, themed “Building Digital Trust in Nigeria’s Financial Sector: Navigating Regulatory Compliance and Infrastructure Performance”, focused on the growing need for secure digital infrastructure as financial institutions adapt to evolving regulatory requirements and increasing digital adoption.

GBB stated on Monday that the event comes as the Central Bank of Nigeria (CBN) directs banks, fintech companies, mobile money operators and other payment service providers to store payment transaction data generated within Nigeria on local servers.

According to the CBN, the policy is intended to strengthen regulatory oversight, improve transparency, reduce concentration risks and ensure that critical payment data remains within the country’s jurisdiction, the statement said.

Opening the webinar, executive director, Finance, Ibrahim Sani, highlighted the rapid transformation of Nigeria’s financial sector and underscored the importance of trusted digital infrastructure in enabling secure, reliable, and future-ready financial services. He noted that Galaxy Backbone continues to provide the digital backbone that supports both public and private sector institutions, including several financial institutions that already rely on its secure connectivity, cloud and data centre services.

He added that GBB remains well-positioned to support the industry’s compliance journey by delivering resilient infrastructure that meets evolving regulatory and business requirements.

The executive director, Digital Exploration and Technical Services, Olumbe Akinkugbe, examined the role of regulatory compliance in safeguarding Nigeria’s financial ecosystem. He emphasised that adherence to CBN directives and other regulatory frameworks is essential to strengthening transparency, accountability, consumer confidence and the security of financial data in an increasingly digital economy.

The discussion continued with a presentation by GBB’s Head, Automation and Integration, Thomas Oghenebhumhe, who showcased Galaxy Backbone’s sovereign cloud capabilities and the critical role of secure cloud adoption in the financial sector. He explained how resilient cloud infrastructure enables financial institutions to innovate faster, improve operational efficiency, protect sensitive information and maintain compliance with regulatory standards.

His presentation sparked an engaging interactive session, with participants seeking practical insights on cloud migration, data sovereignty and regulatory compliance.

Head, Data Centre Operations, Samuel Olusola Oyeleke, concluded the technical presentations by highlighting Galaxy Backbone’s globally certified Tier III and Tier IV Data Centre infrastructures. He emphasised its resilience, high availability and reliability in supporting uninterrupted digital services, disaster recovery and business continuity for mission-critical financial operations.

Closing the webinar, executive director, Customer Centricity and Marketing, Hon. Olusegun Olulade, stressed that building digital trust requires deliberate collaboration among regulators, technology providers and financial institutions. He noted that as Nigeria’s financial ecosystem becomes increasingly digital, organisations must invest in infrastructure that not only meets regulatory requirements but also guarantees resilience, security, business continuity and customer confidence.

He reaffirmed Galaxy Backbone’s commitment to supporting the financial services industry with secure, resilient and globally aligned digital infrastructure that enables institutions to innovate with confidence while maintaining compliance with evolving regulatory standards.

Galaxy Backbone’s value proposition is further strengthened by its Uptime certified Data Centres, Payment Card Industry Data Security Standard (PCI DSS) certification, sovereign cloud platform and nationwide fibre infrastructure.

Together, these capabilities provide banks, fintechs and payment service providers with trusted platforms for secure data hosting, payment security, regulatory compliance, business continuity and disaster recovery. They also support the growing need for data sovereignty by ensuring that critical financial data is securely hosted, readily accessible and remains within Nigeria’s jurisdiction in line with regulatory expectations.

With over two decades of delivering mission-critical digital infrastructure and shared services, Galaxy Backbone has continued to earn the confidence of both public and private sector organisations through its secure connectivity, cloud services, cybersecurity, managed ICT services and enterprise-grade data centre solutions.

The organisation remains committed to providing technology platforms that enable institutions to operate securely, efficiently and at scale.

The webinar reinforces Galaxy Backbone’s growing position as a trusted provider of Smart Digital Solutions for Nigeria’s digital economy. As the organisation expands its partnerships across the financial services sector, it remains committed to empowering banks, fintechs and other financial institutions with the resilient infrastructure, trusted platforms and innovative solutions required to build a secure, compliant and future-ready financial ecosystem.

GBB is Nigeria’s foremost provider of shared ICT infrastructure and digital services, delivering Smart Digital Solutions that power digital transformation across the public and private sectors. Through its nationwide fibre-optic network, sovereign cloud platform, Tier III-certified Data Centre, cybersecurity capabilities, and managed ICT services, GBB enables organisations to innovate, collaborate, and deliver secure, efficient, and citizen-centric digital services.