First Bank of Nigeria has set out plans to launch its innovation lab; the First Bank Digital Lab.

The Bank seeks to pioneer a new wave of better, faster and more efficient banking products with the launch of the First Bank Digital Lab.

The Lab launched today, Thursday July 5th is located in the ‘Yabacon Valley’ area of Yaba Lagos and is designed to rapidly stimulate innovative solutions to real-life challenges.

In addition, the lab will serve as a platform for First Bank to collaborate and advance with the Financial Technology Ecosystem.

The FirstBank Digital Lab will bring together technologies and methods to transform ideas into feasible solutions in record time.

A statement from the bank said the lab is an innovation hub that will contribute more fully to the Fin Tech space in Nigeria and technology at large.

“In a bid to satisfy its customers within the country’s budding, technology-savvy massive online population, First Bank over the years has led the Nigerian financial service industry through the delivery of excellent financial services and this has always served as a reassurance to its esteemed customers that their interest remains the core of its business.”

 

 

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