Banks’ investments in software rise to $121.5m

Ten Deposit Money Banks reported fresh investments valued at $121.5m (N46.2bn) in software in the first three months of the year in order to deliver hitch-free digital banking services to customers.
 
Findings by The PUNCH showed that in the first quarter of the previous year, the same banks spent N3.76bn on computer software they developed and purchased outside the country. This is an increase of 1129 percent in software investment compared with the same period in 2019. The banks surveyed are Access Bank Plc, First Bank of Nigeria Plc, Fidelity Bank Plc, First City Monument Bank Limited, Guaranty Trust Bank Plc, Sterling Bank Plc, and Zenith Bank Plc, Others are Union Bank Plc, Ecobank Transnational Incorporated (the parent company of Ecobank Nigeria) and Wema Bank Plc…
 
More details through:
https://punchng.com/banks-investments-in-software-rise-to-n46-2bn/