Luno and Verto Launch New Financial Products as Kenyan Banks Face AI Gap - September 2025

Luno Nigeria has launched a new platform allowing users to buy and sell tokenized fractional shares of global companies like Apple and Tesla using the local currency, Naira. This initiative aims to democratize access to the US stock market for Nigerians. In another development, Verto has launched the Atlas Suite, an embedded finance product designed to simplify cross-border payments and address challenges like high FX volatility in African markets. Meanwhile, a new report indicates Kenya's banking sector is at a pivotal point, facing major disruption from AI despite a stark lack of preparedness. While leaders recognize AI's potential, this readiness gap creates an opportunity for new AI-native digital banks.