System upgrades, service disruptions and Nigerian banks’ heavy investment in IT

  • 📰 thecableng
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 80%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Nigeria's independent online newspaper

The Nigerian banking sector has witnessed a remarkable transformation in recent years, driven by the increasing adoption of digital payment methods and the need for enhanced information technology infrastructure.

In August, Sterling Bank began an upgrade that lasted until September. The bank not only carried out an upgrade but also moved from the Switzerland-based Temenos T24 system to an Indigenous solution provider, SeaBaaS, developed by Peerless.During the transition, Sterling Bank’s customers suffered service disruption with many unable to carry out any transaction on their digital banking channels.

Customers complained about their inability to transfer funds to other banks, and those using GTBank ATMs reported problems with POS transactions. Many customers’ accounts were debited in cases of incomplete transactions, with their money left hanging in the balance for several days. In the first half of 2024, five major Nigerian banks collectively invested N178.77 billion in enhancing their IT infrastructure. This represents a 203% increase from N58.8 billion during the same period last year.The banks that made significant investments in IT upgrades include Access Bank, which made a staggering N111.24 billion investment in IT. This represents a 264.55% increase from N30.47 billion in H1 2023.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 2. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Nigerian govt rejects Shell’s plan to sell Nigeria onshore oil businessThe NUPRC approved four other other divestment applications but rejected Shell's.
출처: PremiumTimesng - 🏆 3. / 78 더 많은 것을 읽으십시오 »