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Nova boosts operations with banking solution


Mr. Phillips Oduoza is the promoter and Chairman of NOVA Merchant Bank Limited

Nova Merchant Bank Limited has announced the adoption of a new banking solution, the Intellect Digital Core (IDC) Banking platform to boost its operations and enhance its product offerings to its customers.

The bank, which began operations last year, has embraced this solution in line with its focus of being the dominant leader in the Merchant and investment Banking sub-sector in the next few years.

Mr. Phillips Oduoza, chairman, Nova Merchant Bank, at the weekend, explained that the adoption of the solution aligned with the bank’s goals of enhancing customer satisfaction, while scaling its services to meet their personalised and individual needs.

The new banking solution, IDC, helps banks accelerate their digital banking and channel transformation journey and comes with a digital 360 proposition with inbuilt design for both Digital Outside and Digital Inside.

While the Digital Outside ensures true Omni channel and consistency of customer experience at all touch points, the Digital Inside drives operational excellence.

Oduoza said, “The selection of Intellect Digital Core (IDC) was borne out of the Bank’s philosophy of “New Thinking. New Opportunities”. We wanted a platform which would empower our clients, offer a superior customer experience and lay a robust digital foundation for the bank.

IDC is an open and flexible architecture which allows us to seamlessly integrate with other systems to offer end-to-end solutions.

“We believe this gives us a platform to build on the creativity of our employees to solve many of the problems facing our customers and serve as a genuine source of competitive advantage,” he said.

He assured customers that armed with the new banking platform, the bank was on its way to generate the momentum necessary to achieve its goals for the coming months, adding, “I have full confidence that if we all imbibe the virtues of the Nova spirit displayed in the implementation of our Core Banking Application, there is no limit to what we can achieve collectively as an institution.”

On his part, Mr. Chinedu Ikwudinma, bank’s chief executive officer, who commended the accomplishment and milestones that the bank has recorded in its few months of operations, explained that the bank embraced the new CBA in line with its plans for the future.

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