By Modupe Gbadeyanka

An innovative web banking platform to provide customers with an additional digital channel to manage and carry out uninterrupted daily transactions on their phones, laptops and other devices has been introduced by Bankit Microfinance Bank (MFB).

The emerging small financial institution said it came up with this platform to break barriers and empower individuals and businesses to manage their finances with confidence.

With this, Bankit MFB is redefining convenience and security in banking, ensuring uninterrupted access to financial services, time-saving functionalities, efficiency, real-time account updates, 24/7 availability, and faster transactions.

“In today’s fast-paced digital age, connectivity is everything in banking, and for us, it’s all about improving customer experience with simple banking options and empowering our teeming customers to live their best lives.

“We are revolutionizing the Fintech landscape in Nigeria, and we have developed this solution to empower our customers to bank securely, anytime, anywhere, conveniently.

“We are committed to leveraging technology to enhance the banking experience for all our customers,” the chief executive of Bankit Africa, Mr Yen Choi, stated.

“Bankit’s web banking platform reaffirms one of the bank’s core values – Innovation and sets a new standard for accessibility and security in the banking industry.

“As part of our ongoing commitment to excellence, Bankit Africa will continue to evolve its offerings to meet and exceed the needs of its rising customer base.

“Some key features of this web banking platform include: a simple way to send money, buy airtime, and pay bills with no extra fees or hidden charges,” he added.

Bankit MFB is a licensed financial institution dedicated to providing innovative, customer-centric financial solutions to individuals, businesses, and communities in Nigeria, with a focus on simplicity, convenience, and security.

By Dipo Olowookere

Banking operations at the branches of most financial institutions in Nigeria will end earlier than expected today, Tuesday, December 31, 2024.

The majority of them have sent messages to their customers to inform them of this development.

Business Post sighted some of these notices sent by the banks to their customers via electronic mails (e-mails).

One of them from Guaranty Trust Bank (GTBank) Limited said transactions at its Lagos branches will close for the day and year by 3 pm while in other branches at 2 pm, encouraging customers to use its digital channels for their financial transactions.

“We would like to inform you that all our branches nationwide will close to customers early on Tuesday, December 31, 2024.

“During this period, we encourage you to take advantage of our digital channels for banking needs,” the notice read in parts.

On its part, United Bank for Africa (UBA) Plc said its branches would close for the day at 2 pm across the nation.

“As we prepare for the New Year celebration, our branches will close by 2 pm on Tuesday, December 31, 2024.

“While our branches take a break, our digital channels, the UBA Mobile Banking, Leo, *919# or internet banking are available 24/7 for all your banking needs.

“Your security is our priority. We will never ask for your BVN, card number, PIN or personal details. Suspect anything fraudulent? Call our Fraud Help Desk,” the message from the lender read.

As for Fidelity Bank Plc, it plans to stop banking services at its branches nationwide today by 2 pm to resume on Thursday, January 2, 2025.

“Please be informed that our branches will close at 2 pm on Tuesday, December 31, 2024, ahead of the New Year holiday.

“As always, our digital channels; Mobile Banking, USSD Bank (*770#), PoS, ATMs, Cards, and Ivy Chat, will be available 24/7 for all banking transactions.

“Please note that normal operations will resume at 8 am on Thursday, January 2, 2025,” the bank said in its message to customers.

By Aduragbemi Omiyale

The successful N351 billion rights issue through the Nigerian Exchange (NGX) digital capital raising platform known as NGX Invest has excited Access Holdings Plc.

The chairman of the firm, Mr Aigboje Aig-Imuokhuede, said the innovative platform allowed shareholders to acquire additional shares of the organisation without stress.

Access Holdings recently completed the capital raising to enable its banking arm, Access Bank Plc, to meet the new minimum capital requirement for lenders with international operations of N500 billion.

After the bank got N351 billion from the exercise, its capital base rose to N600 billion, surpassing what the Central Bank of Nigeria (CBN) asked for its category.

“By leveraging the NGX’s E-offering platform – NGX Invest, the Company provided its shareholders with a seamless, efficient, and convenient subscriber experience significantly reducing barriers and democratizing participation in the rights issue,” Mr Aig-Imuokhuede said.

In an article published by the World Federation of Exchanges, the chief executive of NGX Group Plc, Mr Temi Popoola, had emphasised that the platform was at the core of NGX Group’s digital strategy, stating that it was designed to streamline the distribution of securities in the Nigerian capital market.

“Its user-friendly interface allows investors to onboard seamlessly and verify their identities through the Nigeria Inter-Bank Settlement System (NIBSS), using their Bank Verification Number (BVN).

“With NGX Invest, the traditionally complex and time-consuming process of investing is reduced to a few clicks, making it easier for investors across Nigeria, including those in underserved areas, to participate in the capital market,” he stated.

The success of Access HoldCo’s capital raise, making it the first bank to officially comply with the CBN’s banking recapitalisation directive, is a key social proof and testament to the robustness of NGX Invest and demonstrates the potential of NGX Group’s platform to support the growth and business goals of its issuers.