Fintech Integration and the Transformation of Asset Management in the Nigerian Digital Economy

Abstract

The digital transformation of finance has led to the accelerated convergence of technology and investment management and how assets are analysed, allocated, and optimised. This study discusses the impact of financial technology (FinTech) integration in transforming the asset management industry with a focus on the digital economy in Nigeria. Drawing from the current empirical and theoretical evidence it studies the role of technologies including artificial intelligence, machine learning, blockchain and robo-advisory systems in redefining efficiency, transparency, and accessibility in the investment process. Using a mixed-method approach that combines secondary data analysis and conceptual review, the study identifies 3 major dimensions of transformation - Technological innovation, institutional adaptation, and regulatory evolution.

The findings show FinTech integration has aided in increasing operational efficiency, data-driven decision-making, and also the growth of financial inclusion via digital platforms. However, these gains in services are accompanied by emerging challenges such as the cybersecurity vulnerabilities, data privacy concerns as well as the gap in regulation, especially in the developing economies. The study emphasizes the importance of digital preparedness, regulatory agility and ethical governance of technology in sustainable integration of FinTech in asset management. The paper ultimately concludes that the FinTech is both the catalyst for modernization and the systemic risk and thereby there needs to be balanced policies and institutional strategies. It makes a series of recommendations to ensure digital transformation benefits the global financial system by ensuring that the regulators, asset managers and technology innovators work better together to ensure that financial system digital transformation achieves efficiency, inclusivity and long-term stability.