Customers of Nigerian banks are to brace up for the possibility of more service disruptions as financial institutions race to migrate their core banking systems to more secure software. According to the source, many Nigerian banks have been paying for core banking software in United States dollars, a heavy burden given the ongoing devaluation of the naira. ON NOWNewsday08:08, 12th Oct, 2024 by AriseNewsNigerian Banks Rush to Migrate Core Software, More Service Disruptions LoomAFRICABanking customers are set to face service disruptions as Nigerian banks upgrade their core systems. Customers of Nigerian banks are to brace up for the possibility of more service disruptions as financial institutions race to migrate their core banking systems to more secure software. The simultaneous nature of these migrations is leading to service disruptions across the industry, with more banks expected to follow suit.

Source: Ethiopian News October 12, 2024 13:05 UTC