Case Study: First Bank of Nigeria achieves scalable 24/7 banking and rapid time-to-market with EdgeVerve's Finacle solution

Scaling up for Explosive Growth

First Bank of Nigeria, a century-old bank with more than 300 branches, faced fragmented, siloed operations, mounting regulatory demands and the need to innovate rapidly to retain market leadership amid explosive growth. To address integration, scalability and faster time-to-market, the bank selected EdgeVerve’s Finacle universal banking solution as its strategic core-banking platform.

EdgeVerve implemented Finacle, piloting in six months and rolling the solution out to over 170 branches on time and within budget, while using Finacle’s e-Xtensibility toolkit to customize products without touching source code. The deployment delivered near-24/7 operability with close to 100% uptime, streamlined operations via STP and workflow, faster product launches and a scalable platform to support First Bank of Nigeria’s rapid growth.

First Bank of Nigeria

Evans Woherem

Executive Director (IT and Resources)