TheCable

FirstBank has announced plans to launch its first digital lab in order to provide “faster and more efficient” banking products to its customers.

The launch will take place on July 5, at the lab’s location in “Yabacon Valley,” in the Yaba area of Lagos.

According to the bank, the digital lab –the first of its kind — is designed to rapidly stimulate innovative solutions to real-life challenges.

It is designed to serve as a platform for FirstBank to collaborate and advance with the rapidly evolving Financial Technology (FinTech).

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

“In a bid to satisfy its customers within the country’s budding, technology-savvy massive online population, the FirstBank Digital Lab will bring together technologies and methods to transform ideas into feasible solutions in record time,” the statement read.

“FirstBank 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.”