Guaranty Trust Bank (GTBank) Plc, has given reason for the adoption and the building of a single trusted integrated platform that is unique to the bank.
The Group Chief Executive Officer Mr. Segun Agbaje gave the reason at the at the 2019 edition of the Social Media Week in Lagos while speaking on the theme: “Building the Bank of the Future”.
He said that people need banking and not banks and financial institutions that operate in the traditional mode and the current paradigms that will not last for too long.
Hence, he said GTB is committed to building a strong robust banking platform to drive financial services and accommodate the effects of disruptive technology in Nigeria.
Agbaje said that digital technology through the fourth industrial revolution has disrupted different economic sectors ranging from retail trade to healthcare.
According to him, there are still areas of improvement in the Nigerian banking sector since as not all citizens are financially included and called for a level playing ground between banks and telecommunication companies for more Nigerians to enjoy financial services.
While expressing optimism about Nigeria, Agbaje said that he is confident that the elections will go well for Nigeria noting that “the outlook for the Nigerian banking industry is always going to be up, until we reach a mature stage.”
He disclosed that Nigeria is currently doing banking for about 33 and or 34 million people in a country that has about 190 million people saying, that “it is by no means mature. So there is still a lot of upside. This was why GTBank evolved a leading innovation and disruption platform in the financial services market space through products like the USSD (737), Quick Credit for customers, GTWorld, GTMobile and a few others.”
He also called on the apex bank to ensure that it creates a level playing field for all stakeholders in the proposed ‘Payment Service Banks’ stressing, “We welcome competition. The only thing we ask is that, there be a level playing ground between the banks and the telcos.”