Exclusive: Sterling Bank outage caused by migration to new core banking application

TL;DR


Summary:
- Sterling Bank, a major Nigerian financial institution, has announced the implementation of a new core banking system to enhance its digital banking capabilities.
- The new system, developed by Temenos, a leading banking software provider, aims to improve the bank's operational efficiency, customer experience, and overall competitiveness in the Nigerian banking sector.
- The migration to the new core banking platform is expected to enable Sterling Bank to offer a wider range of digital banking services, improve data management, and streamline its internal processes, ultimately benefiting its customers.

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