First City Monument Bank (FCMB) has enhanced its Mobile App with a new feature that gives customers direct access to investment opportunities. Users can now easily open investment accounts and immediately invest in mutual funds managed by FCMB Asset Management, the bank group’s wealth creation arm.
This new feature is a major milestone in FCMB Group’s digital transformation strategy, which aims to unify all its business units into a single, comprehensive financial ecosystem. The goal is to make it seamless for customers to bank, invest, and build wealth all in one place.
The newly introduced investment feature within the app now grants customers immediate entry to FCMB Asset Management’s diverse collection of mutual funds. This selection includes the Legacy Money Market Fund for those seeking low risk, the Legacy Equity Fund for a growth orientation, the Legacy Debt Fund which holds mostly local-currency bonds, and the Legacy USD Bond Fund for investments denominated in dollars.
Ultimately, these distinct options are tailored to address varying risk appetites and financial objectives, spanning everything from achieving short-term liquidity to realizing long-term capital appreciation or securing reliable income.
FCMB Managing Director Yemisi Edun explained the strategic goal: “What we are building goes beyond digital convenience. It is about creating a connected ecosystem where banking, payments, and investments work together to serve customers’ broader financial needs. By integrating mutual funds into the FCMB Mobile App, we extend that ecosystem, enabling customers to move seamlessly from saving to investing within one trusted platform.”
James Ilori, Chief Executive Officer of FCMB Asset Management Limited, commented that the move aligns with their core mission: “Our mission is to democratize access to investment opportunities and make wealth creation simple and inclusive.” He added that integrating mutual funds into the FCMB Mobile App allows “anyone, anywhere, to start investing confidently and build sustainable financial futures.”
The integration of mutual fund services into the FCMB Mobile App directly supports FCMB Group’s core goal: creating a digitally inclusive financial ecosystem.
This unified platform connects banking, investment, and asset management to drive long-term value for both individuals and communities.
Ready to start investing? Download or update the FCMB Mobile App from the Google Play Store or Apple App Store today.
