MTN Partners with FCMB on Wide Area Network Solutions
MTN Nigeria Communications Limited, has signed a five year deal for the provision of a Wide Area Network solution to support 89 up-country branches of First City Monument Bank
The wide area network solution provided by MTN will assist FCMB to enhance its customer experience, product and human capital development.
In a statement on Friday, Head of Information Technology, FCMB, Mr. Olayinka Oni, said the Wide Area Network solution would improve the quality of services rendered by the bank through the prompt provision of banking services and, reduction on the time customers spend in the banking halls.
“The solution which is the first of its kind to be adopted by any bank in Nigeria will reduce turn around time, improve transaction speed, and enhance customer satisfaction. It will also impact on long term increase in customer base and long term profit,” Oni stated.
He said further, “This is an exciting development, and we look forward to leveraging on the cutting edge ICT facilities provided by MTN to offer our growing customers’ base the excellent services for which we are known.”
Commenting on the partnership, Chief Executive Officer of MTN Nigeria, Ahmad Farroukh said, “At MTN, we leverage on our expertise in the area of telecommunications to provide cutting edge ICT solutions to a wide range of customers including progressive corporations such as FCMB. We design and deploy effective business solutions and ensure that services are available to sustain excellent service delivery on a consistent basis.”
FCMB, which was founded in 1982, was the first wholly owned merchant bank to be established in Nigeria before it acquired a universal banking license in 2001. Its pedigree and reputation in the banking and financial industry was further demonstrated in 2007, when it attracted over $300m in direct investments, as well as on-lending facilities from leading international institutions such as HCBC, CDC, OPIC and the IFC among others.
MTN Nigeria is the largest telecommunications company in Nigeria with coverage in over 200 towns and more than 10,000 villages and communities across the 36 states of the federation. MTN has built in excess of 3,400 bases stations in Nigeria, and its 3,600 kilometres fibre optics Superhighway is the largest private infrastructure of its kind in Africa. The company is poised to consolidate its achievements in telecommunications by offering superior ancillary products and services.
The wide area network solution provided by MTN will assist FCMB to enhance its customer experience, product and human capital development.
In a statement on Friday, Head of Information Technology, FCMB, Mr. Olayinka Oni, said the Wide Area Network solution would improve the quality of services rendered by the bank through the prompt provision of banking services and, reduction on the time customers spend in the banking halls.
“The solution which is the first of its kind to be adopted by any bank in Nigeria will reduce turn around time, improve transaction speed, and enhance customer satisfaction. It will also impact on long term increase in customer base and long term profit,” Oni stated.
He said further, “This is an exciting development, and we look forward to leveraging on the cutting edge ICT facilities provided by MTN to offer our growing customers’ base the excellent services for which we are known.”
Commenting on the partnership, Chief Executive Officer of MTN Nigeria, Ahmad Farroukh said, “At MTN, we leverage on our expertise in the area of telecommunications to provide cutting edge ICT solutions to a wide range of customers including progressive corporations such as FCMB. We design and deploy effective business solutions and ensure that services are available to sustain excellent service delivery on a consistent basis.”
FCMB, which was founded in 1982, was the first wholly owned merchant bank to be established in Nigeria before it acquired a universal banking license in 2001. Its pedigree and reputation in the banking and financial industry was further demonstrated in 2007, when it attracted over $300m in direct investments, as well as on-lending facilities from leading international institutions such as HCBC, CDC, OPIC and the IFC among others.
MTN Nigeria is the largest telecommunications company in Nigeria with coverage in over 200 towns and more than 10,000 villages and communities across the 36 states of the federation. MTN has built in excess of 3,400 bases stations in Nigeria, and its 3,600 kilometres fibre optics Superhighway is the largest private infrastructure of its kind in Africa. The company is poised to consolidate its achievements in telecommunications by offering superior ancillary products and services.
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