Rex Africa Launches AI Banking Service in Nigeria

Nov 11, 2026
Rex Africa has launched a Nigerian banking service built around an AI financial agent that provides guidance on savings, investments, credit and risk.

Rex Africa launched what it describes as Nigeria's first bank built around AI, Daba Finance reports. The service went live in November and uses Rex Atlas, an AI agent that analyzes customers' financial histories and answers questions about savings, investments, credit and risk.

Rex Atlas runs on the company's proprietary RexCore banking infrastructure. Consumer products include flexible and fixed term savings, credit and payment cards. Rex Africa also offers payment acceptance and financing services for businesses, as well as a banking as a service portal for accounts, collections and payouts.

The service operates under Rex Microfinance Bank's license and is regulated by the Central Bank of Nigeria. Eligible deposits receive coverage from the Nigeria Deposit Insurance Corporation. Rex Africa says it has enrolled thousands of individual customers and hundreds of businesses since the launch.

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