{"id":22377,"date":"2025-10-27T15:00:00","date_gmt":"2025-10-27T14:00:00","guid":{"rendered":"https:\/\/www.funminews.com\/?p=22377"},"modified":"2025-10-27T12:24:58","modified_gmt":"2025-10-27T11:24:58","slug":"fcmb-launches-in-app-investment-feature-gains-praise-from-users-and-regulators","status":"publish","type":"post","link":"https:\/\/www.funminews.com\/index.php\/2025\/10\/27\/fcmb-launches-in-app-investment-feature-gains-praise-from-users-and-regulators\/","title":{"rendered":"FCMB Launches In-App Investment Feature, Gains Praise from Users and Regulators."},"content":{"rendered":"\n

LAGOS, Nigeria (FN)<\/strong> \u2014 First City Monument Bank (FCMB)<\/strong> has introduced a new feature on its mobile app allowing customers to open investment accounts and invest directly in mutual funds managed by FCMB Asset Management<\/strong>, the Group\u2019s wealth creation arm.<\/p>\n\n\n\n

The launch is part of FCMB Group Plc\u2019s broader digital transformation strategy, designed to integrate banking, payments, and investment services into a single, seamless financial ecosystem.<\/p>\n\n\n\n

The in-app investment feature provides customers access to a range of mutual funds tailored to different risk profiles and financial goals, including the low-risk Legacy Money Market Fund<\/strong>, growth-focused Legacy Equity Fund<\/strong>, local-currency Legacy Debt Fund<\/strong>, and dollar-denominated Legacy USD Bond Fund<\/strong>. Users can now manage investments, savings, and transactions entirely from the mobile platform.<\/p>\n\n\n\n

Emisi Edun<\/strong>, Managing Director of FCMB, said, \u201cWhat we are building goes beyond digital convenience. It is about creating a connected ecosystem where banking, payments, and investments work together to serve customers\u2019 broader financial needs. By integrating mutual funds into the FCMB Mobile App, we enable customers to move seamlessly from saving to investing within one trusted platform.<\/p>\n\n\n\n

\"\"
Yemisi Edun, Managing Director, First City Monument Bank<\/figcaption><\/figure>\n\n\n\n

James Ilori<\/strong>, CEO of FCMB Asset Management Limited, added, \u201cOur mission is to democratise access to investment opportunities and make wealth creation simple and inclusive. This feature allows anyone, anywhere, to start investing confidently and build sustainable financial futures.\u201d<\/p>\n\n\n\n

Early reactions from users and investors<\/strong> have been largely positive. Chidinma Okoro<\/strong>, a Lagos-based entrepreneur, said, \u201cI no longer need to visit a branch or go through multiple steps to invest. The app makes it easy for busy people like me to grow wealth safely.\u201d Another user, Tunde Adebayo<\/strong>, described the feature as \u201ca game-changer for everyday Nigerians seeking exposure to investments that were once only available to high-net-worth individuals.\u201d<\/p>\n\n\n\n

Government officials and financial regulators also praised the initiative. Nneka Eze<\/strong>, a spokesperson for the Securities and Exchange Commission of Nigeria, said, \u201cDigital platforms like this increase financial inclusion and promote transparency in mutual fund investments, aligning with the government\u2019s vision of a modern, accessible financial ecosystem.\u201d<\/p>\n\n\n\n

The launch highlights FCMB Group\u2019s commitment to digitally inclusive financial services<\/strong>, connecting banking and asset management to empower individuals and communities to grow long-term wealth.
FCMB Group Plc is a leading financial services holding company with subsidiaries in banking, consumer finance, asset management, and other financial services.<\/p>\n","protected":false},"excerpt":{"rendered":"

LAGOS, Nigeria (FN) \u2014 First City Monument Bank (FCMB) has introduced a new feature on its mobile app allowing customers to open investment accounts and invest directly in mutual funds managed by FCMB Asset Management, the Group\u2019s wealth creation arm. The launch is part of FCMB Group Plc\u2019s broader digital transformation strategy, designed to integrate […]<\/p>\n","protected":false},"author":2,"featured_media":22379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4,3],"tags":[],"class_list":["post-22377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-naija-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.funminews.com\/wp-content\/uploads\/2025\/10\/FCMB.jpeg?fit=522%2C518&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/22377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/comments?post=22377"}],"version-history":[{"count":1,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/22377\/revisions"}],"predecessor-version":[{"id":22380,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/22377\/revisions\/22380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media\/22379"}],"wp:attachment":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media?parent=22377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/categories?post=22377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/tags?post=22377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}