The leading Nigerian bank recently announced its decision to switch its core banking platform to Finacle, a software developed by Infosys, after experiencing issues with its previous banking software, leading to occasional service disruptions. The move to Finacle aims to unify the bank’s subsidiaries on a single platform, offering modules for various services like wealth management and pensions. This transition aligns with the bank’s strategic goals and reflects a broader trend within the Nigerian banking sector towards digitalization and improved technology infrastructure. CEO Segun Agbaje highlighted the importance of robust technology during a presentation, emphasizing the benefits of Finacle for the bank’s future growth. The ongoing migration process is carefully managed to minimize disruptions for the bank’s extensive customer base. This shift underscores the increasing influence of Infosys in the financial technology sector and the evolving landscape of banking technology in Nigeria.
GTBank finalising change to new core banking platform
