FCMB Adds In-App Mutual Fund Investment Feature to Boost Digital Banking Experience
FCMB has launched a new feature on its mobile app that lets users open investment accounts and buy mutual funds.
The bank said the move aims to simplify digital wealth management for customers.
First City Monument Bank (FCMB), a subsidiary of FCMB Group Plc, has introduced a new investment option on its mobile application, allowing users to open investment accounts and buy into mutual funds managed by FCMB Asset Management, the Group’s investment arm.
The addition of this feature represents another step in FCMB Group’s digital expansion strategy aimed at connecting all its financial services banking, payments, and wealth management within a single digital ecosystem that simplifies how customers grow their finances.
Through the app, users can now invest directly in any of FCMB Asset Management’s mutual funds, which include the conservative Legacy Money Market Fund, the growth-focused Legacy Equity Fund, the fixed-income Legacy Debt Fund, and the dollar-based Legacy USD Bond Fund. Each fund is tailored to suit different investor needs, ranging from short-term savings and income stability to long-term capital growth.
Yemisi Edun, Managing Director of First City Monument Bank, explained that the initiative was designed to help customers manage all aspects of their finances within one secure platform. She noted that the goal was not just to provide convenience but to integrate every stage of financial management from savings to investment into a single digital experience that supports customers’ wealth-building ambitions.
Also speaking, the Chief Executive Officer of FCMB Asset Management, James Ilori, said the company is focused on ensuring that investment opportunities are accessible to everyone. He added that incorporating mutual fund access into the FCMB Mobile App would allow more Nigerians to invest confidently and steadily grow their financial future without complex barriers.
The rollout of mutual fund access on the FCMB app supports the Group’s wider vision of fostering digital inclusion and connecting its various business segments banking, consumer finance, and asset management into one cohesive platform for sustainable economic empowerment.
Customers can download or update the FCMB Mobile App on the Google Play Store or Apple App Store to start investing.
