Heritage Bank has announced the launch of its advanced intelligent digital platform known as Octopus.
How the platform works
The new platform is a full-fledged digital bank, that connects all the customer’s bank accounts with the Debit Card details or account holder information. It will also provide an opportunity to customers of any Nigerian Bank the opportunity to access a platform that consolidates and connects all their Bank accounts.
Speaking on the launch of Octopus, the Managing Director of Heritage Bank, Ifie Sekibo described the new offering
“as a truly intelligent adventure that does everything differently.”
With the new digital platform by Heritage Bank, the bank has also joined other commercial banks in the country that have deployed digital platforms to better serve their customers across the country.
The new offering is expected to change customer’s banking lifestyle by delivering a one-channel user experience across multiple devices where most of the customer’s daily activities such as banking, cinemas, stock markets, social interactions, churches, universities, meetings, restaurants, utility such as DSTV, PHCN, can be digitized and consolidated.
The establishment of Heritage Bank can be traced to the late 1980s when it was founded as Societe Generale Bank (Nigeria) (SGBN).
In January 2006, the Central Bank closed down SGBN on account of failure to meet new minimum capital requirements of (NGN 25 billion) for a National Bank. SGBN successfully challenged the closure in court.
In December 2012, CBN re-issued SGBN’s banking license, but as a regional bank. The bank later re-branded as Heritage Banking Company Limited and reopened for business under the new name on 4 March 2013.