First Bank has announced plans to transition to a new cloud-based procurement and financial platform as part of its strategy to enhance operational efficiency and service delivery.
The migration is set to begin on Saturday, October 26, and is expected to cause temporary service disruptions, according to a notice issued by the bank, which serves over 42 million customers.
This move follows a trend in the Nigerian banking sector, where several institutions are upgrading their core banking systems. Since September, at least four major banks, including tier-1 lenders like Zenith Bank and Guaranty Trust Bank, have updated their core banking applications.
The notice stated, “As part of our ongoing investments to improve operational efficiencies and service experience, we will be transitioning from our current procurement and financial platforms to a new cloud-based solution that offers enhanced capabilities and benefits. During this transition period, certain activities and transactions will be temporarily suspended to facilitate a smooth migration with minimal disruption.
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