First Bank has revealed plans to transition to a new cloud-based procurement and financial platform as part of its strategy to enhance operational efficiency. The migration, set to begin on Saturday, October 26, 2024, may lead to temporary service disruptions, the bank announced on Wednesday.
The upgrade will affect various services, including vendor invoice submissions and payments, as the bank suspends certain transactions to ensure a smooth transition. The new platform is expected to go live on November 4, 2024, when normal operations will resume.
This move aligns with recent upgrades by several Nigerian banks, including Zenith Bank and Guaranty Trust Bank, which have also switched to new core banking systems.
FirstBank emphasized the importance of taking proactive steps to minimize business disruption during the transition and promised to provide further communication regarding onboarding and training for the new system.
