FirstBank convenes digital lab open house, reinforces digital reinvention in banking

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In an effort to stimulate innovation through synergy, First Bank of Nigeria Limited hosted the Digital Lab Open House on Wednesday, 31 July 2019 at its Digital Lab in Yaba Lagos. The Digital Lab Open House is amongst the many events lined up for the group Innovation Week held 29 July – 2 August 2019.

The event themed; “cultivating an innovative mindset” is an initiative designed to provide opportunities for staff across its parent company/group, FBN Holdings Plc, to learn from one another whilst showcasing innovative tools and ideas that are supportive to the continued contribution of the FBNHoldings group to the growth and development of its host communities across over half a dozen of its business operations notably in Nigeria, Ghana, Sierra Leone, Senegal, Gambia, DRC, United Kingdom and China. The week-long event was designed to provide a forum for discussions focused on and for staff to be aware of internal structures and tools available to support an innovative culture.

The activities lined up for the week included; demo fair, workshops, panel sessions as well as the launch of an innovation platform. Gbenga Agboola, Co-Founder and CEO Flutterwave, Odunayo Eweniyi, Co-Founder and CEO Piggybank and Funlola Jide-Aribaloye, CEO Reliance HMO were amongst the thought leaders in the digital eco-system that were in attendance.

According to the Bank’s Chief Executive Officer, Adesola Adeduntan, ”FirstBank has at different times since it was founded, 125 years ago, pioneered the introduction of new technologies and innovation, notably ATM and Western Union in the Nigerian Banking industry which are driven to promote ease of Banking and encourage banking across borders regardless of where one may be at any point in time. The Group Innovation week is a framework to identify with opportunities for all entities in the group to leverage on as we remain committed to reinforce our leading position across markets in sub-Saharan Africa.”

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria for 125 years. With some 15 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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