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Experts Raise Red Flags as Banks Romance Social Media

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Chief Information Officers (CIOs) in the banks and other financial institutions have been urged to be on the alert to ensure watertight security of their networks as financial institutions increasingly use social media to engage customers.

Social media platforms such as Twitter, Facebook, Instagram, Google+, BBM channels, among others, are offering banks the agility to sense and respond to their customers faster than ever, but at the backend, the CIOs are battling with the challenge of mitigating internet security risks in addition to seamless network connectivity.

Nazim Fraijat, managing director, Levant, and Emerging Africa (LEMA) at EMC, said that businesses are beginning to understand why they need to redefine their IT and refocus on emerging technologies that will empower them, as there is a strong need to move from “siloed” infrastructure models to enterprise hybrid cloud solutions that empower organizations to adopt agile, elastic, on-demand laaS within their datacenters.

This trend, he said, will be beneficial to IT companies, developers, end users and line-of-business owners.

Nodding in agreement, Abiye Koko, chief information officer (CIO), Diamond Bank, told Nigeria CommunicationsWeek that the increasingly broadband availability and affordability in the country will cause “disruptions”, in the Nigeria’s banking system, cumulating to customer-centric processes.

He however warned that internet security cannot be overlooked, harping for more collaboration among CIOs, CFOs, CEOs, and others in the chain of command to tackle the challenges involved.   


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Study Reveals Software Programmers to make Full Use of AI Code Assistants

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Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.

According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.

AI code assistants provide for more capabilities than only code development and completion, notes the research firm.

According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.

Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.

“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”

Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.

Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”

 


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New National ID Card to Be Issued Via Banks- NIMC

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National Identity Management Commission (NIMC) has said that the planned national ID card will be issued to applicants by their banks.

New National ID Card to Be Issued Via Banks- NIMC

NIMC said it is working with the Nigerian Interbank Settlement System (NIBSS) to deliver the cards to applicants.

“The card will be issued through the applicants’ respective banks in line with existing protocols with the issuance of the Debit/Credit cards,” the agency said at the weekend update on its official X handle.

KEY FACTS ABOUT THE PROPOSED NEW GENERAL MULTIPURPOSE NATIONAL IDENTITY CARD

  1. The new National ID Card is a single, convenient, and General multipurpose card (GMPC) , eliminating the need for multiple cards—not three.
  2. The single GMPC has multiple use cases:…

— NIMC (@nimc_ng) April 12, 2024

It said applicants need to request their cards with their NIN “through the self-service online portal, NIMC offices, or their respective banks”.

“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS,” NIMC said.

“The card can be picked up by holders at the designated center or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” the update read.


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NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme

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National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services.

NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme

NIMC made the clarification against the confusion and criticisms that have trailed the AfriGo Card , touted as a National Domestic Card Scheme.

NIMC is launching the AfriGo Card, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), and has had appointed SecureID, a Lagos headquartered company to manufacture the Card Scheme

Making clarification on the card, Kayode Adegoke, head of Corporate Communications of the NIMC, said the General multipurpose card (GMPC) will eliminate the need for multiple cards.

“The new National ID Card is a single, convenient, and General multi-purpose card (GMPC), eliminating the need for multiple cards—not three.

“The single GMPC has multiple use cases: Payments/Financial, Government intervention/services, travel, etc.

“The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the payment and financial use cases.

“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS. Applicants for the card will have to request with their NIN through the self-service online portal, NIMC offices, or their respective banks.

“The card will be issued through the applicants’ respective banks, in line with existing protocols with the issuance of the Debit/Credit cards.

“The card can be picked up by holders at the designated centre or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” he said.

 

 

 

 

 

 

 


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