Galaxy Backbone Rallies Banks, Fintechs on Secure Digital Infrastructure

Galaxy Backbone (GBB) has brought together banks, fintech companies and technology stakeholders to strengthen discussions on secure digital infrastructure, regulatory compliance and digital trust in Nigeria’s financial services sector.

The engagement took place during the recent organisation’s second-quarter webinar, which focused on strategies for building resilient digital infrastructure to support the country’s rapidly evolving financial ecosystem.

The virtual session, themed “Building Digital Trust in Nigeria’s Financial Sector: Navigating Regulatory Compliance and Infrastructure Performance,” came as the Central Bank of Nigeria (CBN) continues to implement its directive requiring banks, fintech firms, mobile money operators and other payment service providers to store payment transaction data generated within Nigeria on local servers.

The apex bank had said the policy is aimed at strengthening regulatory oversight, improving transparency, reducing concentration risks and ensuring that critical payment data remains within Nigeria’s jurisdiction.

Speaking at the webinar, GBB Executive Director, Finance, Ibrahim Sani, said trusted digital infrastructure had become indispensable as financial institutions increasingly embrace technology-driven operations.

He noted that Galaxy Backbone already provides secure connectivity, cloud services and data centre infrastructure supporting both public and private sector organisations, including several financial institutions.

According to him, the organisation remains committed to supporting the financial industry’s compliance journey through resilient digital infrastructure capable of meeting evolving regulatory and business requirements.

“Galaxy Backbone continues to provide the digital backbone that supports both public and private sector institutions. We remain well positioned to support the industry’s compliance journey by delivering resilient infrastructure that meets evolving regulatory and business requirements,” he said.

Also speaking, the Executive Director, Digital Exploration and Technical Services, Olumbe Akinkugbe, stressed that compliance with CBN directives and other regulatory frameworks was essential to strengthening transparency, accountability, consumer confidence and the security of financial data.

He said adherence to regulatory requirements had become increasingly important as digital transactions continue to grow across the country’s financial sector.

The webinar also featured a presentation by GBB’s Head of Automation and Integration, Thomas Oghenebhumhe, who showcased the organisation’s sovereign cloud platform and highlighted the role of secure cloud infrastructure in helping financial institutions improve efficiency while safeguarding sensitive information.

He explained that resilient cloud infrastructure enables banks and fintech firms to innovate more rapidly, strengthen operational efficiency, maintain regulatory compliance and protect critical customer data.

His presentation was followed by an interactive session during which participants sought practical guidance on cloud migration, data sovereignty and regulatory compliance.

Head of Data Centre Operations, Samuel Olusola Oyeleke, later highlighted Galaxy Backbone’s globally certified Tier III and Tier IV data centre infrastructure, describing it as capable of supporting uninterrupted digital services, disaster recovery and business continuity for mission-critical financial operations.

Closing the webinar, Executive Director, Customer Centricity and Marketing, Olusegun Olulade, said building digital trust requires sustained collaboration among regulators, technology providers and financial institutions.

“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 said.

Olulade reaffirmed GBB’s commitment to providing secure, resilient and globally aligned digital infrastructure that enables financial institutions to innovate with confidence while complying with changing regulatory standards.

Galaxy Backbone said its Uptime-certified data centres, Payment Card Industry Data Security Standard (PCI DSS) certification, sovereign cloud platform and nationwide fibre-optic network continue to provide trusted platforms for secure data hosting, payment security, regulatory compliance, business continuity and disaster recovery.

The organisation added that the infrastructure also supports Nigeria’s data sovereignty agenda by ensuring that critical financial data remains securely hosted within the country in line with regulatory expectations.

With more than two decades of delivering shared ICT infrastructure and digital services, Galaxy Backbone said it remains committed to supporting digital transformation across both the public and private sectors through secure connectivity, cloud services, cybersecurity, managed ICT services and enterprise-grade data centre solutions.