Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Stanbic IBTC deploys robotics for banking operations

Fikayo Owoeye by Fikayo Owoeye
October 10, 2018
in Business News, Company News
Stanbic IBTC

Stanbic IBTC Bank Plc

Share on FacebookShare on TwitterShare on Linkedin

Stanbic IBTC Bank, a member of the Stanbic IBTC Holdings Plc has launched another first in Nigeria’s banking industry with the deployment of robotics to handle some segment of its operations.

The Stanbic IBTC BlueBots, as the robots are called have been deployed to manage middle and back office activities at some selected branches across Lagos.

At the Bank’s operational centre in Ilupeju, Lagos, the robots will facilitate Account Origination and Servicing for Anti-Money Laundering transactions, Processing and Clearing for inward cheque confirmation.

RelatedPosts

CBN fines Nigerian Banks N800 million for facilitating cryptocurrency transactions

Top 7 banks in Nigeria by market valuation

While the  Idejo office on Victoria Island, the Credit Risk Management System robots will handle Personal Banking Credit assessments, and at the bank’s headquarters in Lagos, the robots will be deployed in Global Market Operations to manage T-Bills processing.

The race for AI deployment in the Banking ecosystem

This new deployment by Stanbic IBTC Bank will add to the growing lists of Artificial Intelligence applications financial institutions in the country. Several Banks such as UBA, Diamond Bank, just to mention a few have deployed their Chatbots – an artificial intelligence-powered conversational and transaction channel for rendering banking services to customers in a bid to improve their customers banking experience. Diamond Bank has just announced that its Chatbot, ADA will now be deployed into stock trading.

News continues after this ad


Chief Executive, Stanbic IBTC Bank, Dr. Demola Sogunle, noted that the robots were designed and deployed to reduce manual intervention, eliminate errors and reduce cost of processing in reconciliation processes, with reconciliation turnaround time reduced significantly and it was delivered at zero cost which is a first in the Nigerian Banking industry.

Recall that recently, Stanbic IBTC Bank and 3 other banks got a 5-star ranking by Nigeria based credit rating agency,  Agusto & Co in its 2018 Consumer Digital Banking Satisfaction Index report.

News continues after this ad


Stanbic IBTC Holdings commonly referred to as Stanbic IBTC, is a financial service holding company in Nigeria with subsidiaries in banking, stock brokerage, investment advisory, pension and trustee businesses. Stanbic IBTC Holdings is a member of the Standard Bank Group, a financial services giant based in South Africa.

Related

Tags: Blue BotsStanbic IBTC Bank

Comments 1

  1. Sam says:
    October 10, 2018 at 6:33 pm

    Keystone bank was one of the first to deploy chatbot called oxygen

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Brent falls below $100 for the first time since April 2022
    • The emergence of a Third Force…
    • Nigeria losing 20% of daily crude production to oil thieves – Wale Tinubu

    Follow us on social media:

    Recent News

    sanctions against Russia

    Brent falls below $100 for the first time since April 2022

    July 6, 2022
    2023 Presidency: Meet the men who want Buhari’s job

    The emergence of a Third Force…

    July 6, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com