First Bank, one of Nigeria’s tier-1 lenders, has announced plans to migrate to a new cloud-based procurement and financial platform as part of its drive to enhance operational efficiency and service delivery.
In a notice sent to its vendors and suppliers, the bank stated that the transition would begin on Saturday, October 26, 2024, and advised them to prepare for potential service disruptions during the migration process.
“As part of the Bank’s continuous investments to improve operational efficiencies and service experience, we will be transitioning from our current Procurement and Financial Platforms to a new Cloud-based Platform that provides additional capabilities and benefits,” First Bank stated.
The transition period, scheduled from October 26 to November 3, 2024, will see some activities and transactions temporarily suspended to allow for a smooth and safe migration process. The new cloud-based platform is set to go live on Monday, November 4, 2024.
Notably, First Bank has yet to issue a notice to its depositor customers at the time of this report. This comes in the wake of similar service disruptions faced by Zenith Bank and GTBank as they also transitioned to new core banking platforms recently.
