Business Sterling Bank Bags National Award



Sterling Bank Plc in a statement has said it was recently recognised as the ‘Innovative ICT Banking Product of the Year,’ by organisers of the Nigerian telecom awards

Its “Social Lender” product was adjudged the most innovative banking solution at the award ceremony in Lagos, it said, adding that the feat was in recognition of its innovation and commitment to the provision of quality banking services across all segments of the industry,

Social lender, a Corporate Social Responsibility (CSR) initiative of the bank is a peer-to-peer quick cash solution using twitter and facebook, two of the most important social media platforms popular among young Nigerians.

Launched by the bank over two months ago and with over 3000 requests and 2000 processed, the solution developed by BINCOM ICT, a partner organisation on the project has bridged the gap of immediate fund access for social media users.

According to Secretary General of Nigerian Telecom Awards, Biodun Ajiboye “The race for the 2014 awards began in August with performance monitoring of the various possible nominees.

"About 750 professionals were contacted to handle the nominations after which consultants were saddled with the arduous task of perusing the nominations viz-a-viz the competence of the nominees.”

Speaking on the award, the bank’s Executive Director (Strategy and Finance), Mr. Abubakar Suleiman said it was reward for innovation stating the position of the Bank on supporting creative solutions and ideas, THISDAY reports.

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