Across the globe, there has been a shift in the ﬁnancial literacy and awareness of individuals, informed by the rise in digital investment solutions and self-directed investing.
While this shift has been mostly positive, it has also left investors vulnerable to risks such as scams, capital loss, and asset invalidity. These risks have the tendency to discourage investment and stunt the growth of the ﬁnancial system.
In Nigeria, there has been an increased scrutiny on the activities of FinTech companies by relevant regulatory bodies including the Central Bank of Nigeria, the Securities and Exchange Commission and the Nigerian Stock Exchange .
This article examines investments in an advanced digital age amidst regulatory hurdles and highlights the risk-mitigating factors available to maintain investors’ optimum security on the digitized investment platforms.