SunTrust, Nigeria’s first Fintech Bank
of the Dangote Group and Africa’s richest man, Aliko Dangote led other
dignitaries to flag off Nigeria’s first full-fledged technology bank,
Central Bank of Nigeria (CBN) since 2001 and the first full-fledged
financial technology bank in Nigeria.
who come in there will find a banking hall equipped with computer
terminals for customers seeking a well secured computing link.
banking hall is completely different, no kiosks or cashiers and it
looks more like an airport lounge, signaling a total dependence on
technology in its service offerings to the public. Simply means that there banking system is done via telephone, mobile and internet banking services.
headquarters in Lagos, Fintech Bank is a welcome development in this era
of cashless economy. He emphasized that SunTrust Bank will help the
country harness its potential in the digital world.
the bank and make it the most cost-effective bank in the country with
fewer personnel and attendant lower overhead cost.
network of expensive branch premises is obsolete. What you need now is
to sit down at home and do your banking transactions thereby saving
money and time.”
their courage in taking the bold step at a time “banks all over the
world are facing multiple challenges and headwinds” and noted that the
Bank’s focus will drive it to success.
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