Rex Africa has launched what it describes as Nigeria’s first artificial intelligence (AI)-native bank, introducing a digital banking platform that combines everyday financial services with personalised financial guidance for individuals and businesses.
The bank, powered by Rex Microfinance Bank Limited, is built around Rex Atlas, an AI-powered financial agent designed to help customers understand their spending, manage savings, access credit and make more informed financial decisions.
According to Brandspur Banking News Desk, the launch comes as Nigeria continues to expand financial inclusion, with increasing attention on whether access to banking services is translating into better financial outcomes for consumers.
Figures from the 2026 Access to Financial Services in Nigeria survey by Enhancing Financial Innovation & Access (EFInA) indicate that financial inclusion rose from 64 per cent in 2023 to 73 per cent in 2026. However, the survey findings cited by Rex Africa suggest that only about one in four Nigerian adults is financially healthy, highlighting the gap between having a bank account and effectively managing personal finances.
Rex says its platform is designed to address that gap by integrating artificial intelligence into its banking infrastructure from the outset, rather than introducing it as an additional feature.
Its proprietary technology, RexCore, provides the underlying banking infrastructure, while Rex Atlas serves as the intelligence layer through which customers can interact with the platform and receive personalised financial guidance.
Through the AI-powered agent, users can seek guidance on saving, investing, accessing credit and managing financial risks. The system is also designed to analyse customers’ financial histories and offer recommendations based on their individual circumstances and goals.
The platform includes several financial products for individuals and businesses. RexSave provides flexible savings, while RexVault offers fixed-term savings with returns. RexFlex provides access to credit, and RexCard supports everyday payments.
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For businesses, RexPOS enables payment acceptance, while RexCredit provides financing options for small and medium-sized enterprises and larger companies.
The bank said its services are intended to support customers at different stages of their financial lives, including students, first-time earners, salaried workers, entrepreneurs and growing businesses.
Rex Africa Founder, Yinka Odeleye, said the company believes the next phase of banking would be shaped by financial intelligence, with services designed to help customers manage and grow their wealth beyond routine transactions.
Chief Technology Officer Opeyemi Emmanuel said the company developed RexCore and Rex Atlas to work together, combining banking infrastructure with AI-powered personalisation.
Rex Africa said its operations are supported by Rex Microfinance Bank Limited, which is licensed and regulated by the Central Bank of Nigeria. Eligible deposits are insured by the Nigeria Deposit Insurance Corporation, subject to applicable coverage limits.
The company also said it operates in line with relevant regulatory and data protection requirements, with safeguards intended to protect customers’ financial information.
Since its launch in November 2026, Rex Africa said it has attracted thousands of Nigerians and hundreds of businesses to its platform.
Beyond its consumer banking application, the company operates a lending business and a Banking-as-a-Service portal that supports customer accounts, collections and payouts through its proprietary RexCore technology.
Nigeria remains the company’s immediate priority as it seeks to expand digital banking adoption among individuals and businesses.
The launch adds another entrant to Nigeria’s evolving digital financial services market, where providers are increasingly seeking to combine payment services, savings and credit with technology designed to improve customers’ financial management.
