FirstBank has clarified that its scheduled transition to a brand new cloud-based procurement and monetary platform is not going to have an effect on banking operations.
PUNCH On-line stories that FirstBank on Thursday introduced plans to transition to a brand new cloud-based procurement and monetary platform as a part of its ongoing technique to enhance operational effectivity and repair supply.
The announcement raised fears that the migration might result in disruption of companies just like those just lately witnessed by clients of some banks.
Nevertheless, the financial institution’s Group Head, Advertising and marketing and Company Communications, Folake Ani-Mumuney, in a response on Thursday night time, defined that the transition pertains to the financial institution’s platform with suppliers solely and won’t have an effect on banking operations as skilled by some sister banks just lately.
The assertion learn, “FirstBank, West Africa’s premier monetary establishment and monetary inclusion companies supplier has introduced that it will likely be transitioning from its present I-Provider Platform (automated platform that connects the financial institution to suppliers) to a brand new Cloud-based Provider Platform (world-class platform for managing the financial institution’s suppliers), which can present extra capabilities and advantages for our distributors.
“This transition pertains to the Financial institution’s platform with suppliers solely. It doesn’t have an effect on its banking methods, buyer transactions, channels, and so on.
“The provider platform replace which is a part of FirstBank’s steady investments in enhancing operational efficiencies and repair expertise can be from Saturday, October 26, 2024, to Sunday, November 3, 2024, whereas the brand new Cloud-based Provider Platform can be reside on Monday, November 4, 2024, and regular actions will resume.
“Throughout this era, suppliers won’t be able to make use of the Financial institution’s provider platform. Nevertheless, relaxation assured that First Financial institution’s provider platform system can be open thereafter.”