First Bank

2024 - 10 - 25

FirstBank’s Cloudy Transition: Sky High Assurance for Customers!

Banking Operations - Cloud Migration - First Bank - Nigerian Banking Sector - Procurement Platform

First Bank ensures a smooth ride during its cloud transition! Find out more about this major banking move and what it means for you!

First Bank of Nigeria, a cornerstone of the country’s banking sector, has recently announced its plans for a significant upgrade, transitioning to a new cloud-based procurement and financial platform. The bank has made it clear that this system migration, set to begin on October 26 and conclude by November 4, 2024, will not disrupt their everyday banking operations. In a time when many deposit money banks (DMBs) in Nigeria have experienced various operational hiccups, First Bank seeks to assure its customers and vendors that it’s business as usual, even with changes on the horizon.

In communications sent to its vendors, First Bank highlighted that the upgrade might present some temporary disruptions within its procurement system, but reassured that customer banking services would remain unaffected. This confident declaration comes amidst a backdrop of mixed news in the Nigerian banking industry. As First Bank prepares for this transition, the overarching sentiment is that it is prioritizing customer experience above all, ensuring a seamless banking process.

Interestingly, First Bank's commitment to its customers reflects a broader trend in the banking industry where investment in technology and cloud computing is becoming essential. By modernizing its procurement processes, the bank aims to enhance efficiency, reduce operational risks, and eventually provide better services to its customers. Financial technology continues to be a game-changer in the industry, and First Bank's move suggests it's steering ahead with robust digital strategies that could set them apart from the competition.

With its strong historical legacy in Nigeria’s banking landscape, First Bank is not only the oldest bank in Nigeria but also has one of the widest banking networks across the country. The bank has been at the forefront of adopting innovative technologies to better serve its robust customer base. As they embark on this cloud transition journey, it's clear that First Bank is committed not just to its operations but also to ensuring that all operations are stable, reliable, and trustworthy.

Did you know that First Bank was founded in 1894? That's a legacy spanning over a century of banking! Additionally, as the bank adapts to cloud technology, they're aiming to streamline transactions, making it easier for customers to access services. The future looks bright for First Bank, and its customers can expect a smoother banking experience ahead!

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Image courtesy of "The Punch"

System migration won't affect banking operations - FirstBank (The Punch)

FirstBank has clarified that its scheduled transition to a new cloud-based procurement and financial platform will not affect banking operations.

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Image courtesy of "Daily Trust"

Daily Trust (Daily Trust)

Amid a wide range of disruptions which recently rocked major deposit money banks (DMBs) in Nigeria, First Bank has fixed a date for its transition to a new ...

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Image courtesy of "Nairametrics"

FirstBank notifies vendors of plans to transition to new banking ... (Nairametrics)

In a notice sent to its vendors and suppliers, which Nairametrics has seen, the Bank disclosed that the transition scheduled to begin on Saturday, October 26, ...

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Image courtesy of "Guardian"

System migration won't affect banking operations, First Bank assures ... (Guardian)

First Bank has assured customers that its planned transition to a new cloud-based procurement and financial platform will not disrupt.

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Image courtesy of "Technext"

First bank announces 10 days shut down for cloud platform update (Technext)

Nigeria's premier commercial bank, First Bank has announced plans to transition to a new cloud-based procurement and financial platform as part of plans to ...

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Image courtesy of "THISDAY Newspapers"

FirstBank Assures Seamless Banking Operations Amidst Suppliers ... (THISDAY Newspapers)

Emmanuel Addeh in Abuja. First Bank of Nigeria (FBN) yesterday dismissed a report that it was planning a system upgrade that would see the disruption of ...

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Image courtesy of "Techpoint Africa"

FirstBank to shift procurement platform to cloud, warns of temporary ... (Techpoint Africa)

FirstBank will transition to a new cloud-based procurement and financial platform from October 26 to November 4, 2024. Vendors are advised to submit ...

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Image courtesy of "P.M. News"

FirstBank denies system upgrade plan - P.M. News (P.M. News)

FirstBank says that its message to its vendors about its planned transition to a new cloud-based platform been misinterpreted.

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Image courtesy of "The Punch"

No system upgrade underway, says FirstBank (The Punch)

FirstBank refuted reports suggesting that it is undergoing a system upgrade, clarifying that the notice about transitioning was specifically for vendors.

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Image courtesy of "TheCable"

First Bank: We're upgrading our suppliers' platform, not mobile ... (TheCable)

First Bank of Nigeria (FBN) says it plans to upgrade only its suppliers' platform, not the company's digital banking system.

Nigeria: First Bank to Consumers - Our Platform Transition Won't ... (AllAfrica.com)

"There is no plan for systems upgrade for customers applications which are fully operational."

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Image courtesy of "Nairametrics"

FirstBank assures seamless banking operations amidst suppliers ... (Nairametrics)

We wish to address a misleading report circulating in the media regarding a system upgrade at FirstBank. The message which was incorrectly interpreted and ...

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Image courtesy of "latest news and events in maritime and shipping"

First Bank Customers to Experience Service Disruptions as Bank ... (latest news and events in maritime and shipping)

This move comes amid a wave of recent disruptions in the Nigerian banking sector, as several financial institutions undergo upgrades to their core banking ...

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Image courtesy of "SaharaReporters.com"

First Bank Nigeria Dismisses Reports Of System Upgrade, Says No ... (SaharaReporters.com)

The bank reassured customers that the enhanced supplier platform will not affect its banking experience, maintaining that operations are running smoothly.

Daily Trust (Daily Trust)

FirstBank has clarified reports on system upgrade, assuring its customers of seamless banking operations. In a statement, Folake Ani-Mumuney, Group Head, ...

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Image courtesy of "CHANNELS TELEVISION"

'No Disruptions To Operations,' First Bank Dismisses Reports Of ... (CHANNELS TELEVISION)

It reassured customers that the enhanced supplier platform would not affect its banking experience, maintaining that operations are running smoothly.

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Image courtesy of "The Nation Newspaper"

No disruption to our services, First Bank reassures customers - The ... (The Nation Newspaper)

The bank in a statement said its earlier notice was about transitioning from the current I-Supplier Platform, which connects FirstBank with suppliers, to a new ...

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Image courtesy of "The Economic Times"

IDFC First Bank to report Q2 results today. Here's what to expect ... (The Economic Times)

IDFC First Bank is expected to report robust growth in net interest income for Q2, despite predictions of a decline in profit due to higher credit costs.

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Image courtesy of "Economic Times"

IDFC First Bank Q2 Results: Standalone net profit falls 73% YoY to ... (Economic Times)

IDFC First Bank reported a 73% drop in its September quarter standalone net profit at Rs 201 crore versus Rs 751 crore reported by it in the year ago period ...

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IDFC First Bank shares dip ahead of Q2 results 2024. Should you ... (Livemint)

IDFC First Bank's Q2 results for 2024 are expected to be strong, but its net profit may dip due to high provisioning.

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Image courtesy of "NDTV Profit"

IDFC FIRST Bank Q2 Results: Sharp Rise In Provision Weighs On ... (NDTV Profit)

The earnings of the bank were impacted by prudent provisions of Rs 568 crore including Rs 315 crore in the microfinance institution business which has been ...

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Image courtesy of "Livemint"

IDFC First Bank Q2 Results: Net profit plummets 73% to ₹200.7 ... (Livemint)

ICICI Bank reported a 14.47 per cent rise in net profits to ₹11,745.88 crore in its July to September quarter results released on Saturday, October 26. The ...

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Image courtesy of "CNBCTV18"

IDFC First Bank Q2 falls short of estimates; net profit dives 73%, NII ... (CNBCTV18)

On October 25, shares of IDFC First Bank Ltd ended at ₹65.53, down by ₹2.52, or 3.70% on the BSE.

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