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How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking - Business (2) - Nairaland

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CBN To Grab Unclaimed Funds In Banks, Dormant Account Balances / Cashless Banking And Customer Care Issues (my FCMB Experience) / CBN & Bankers Committee Suspends Lay-offs In Banks (2) (3) (4)

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Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Nobody: 2:54pm On Mar 13, 2023
Another silly excuse from the Emefailure.

1 Like

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Lovelife433(m): 2:54pm On Mar 13, 2023
Outright rubbish article.
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by IbroMaka(m): 2:54pm On Mar 13, 2023
All the best IT guys for the country don jaapa finish, and the CBN chose this time to reduce cash in circulation.

Although alternative payments of goods and services is a welcome development, however the country is not ready to go cashless just yet

I'm a professional IT guy with vast knowledge in IT hardware and software solutions, meanwhile I still get side hustle

Check my signature!
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by AmotekunSW: 2:55pm On Mar 13, 2023
Banks are talking of succession planning grin
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by directonpc(m): 2:55pm On Mar 13, 2023
so, are Nigerian banks currently hiring for tech talents?
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by foxxydude: 2:57pm On Mar 13, 2023
Blame blamer blamest 😂😂
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Geovanni412(m): 2:58pm On Mar 13, 2023
dre11:


https://leadership.ng/inexperienced-tech-personnel-in-banks-scuttle-cashless-banking/

Ignorance is demonic

I thought that market research is part of the requirements before a policy is passed. Is it now a case of trial or error?

How did we end up with foolish leaders?

2 Likes

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Yampotatocarrot(m): 2:59pm On Mar 13, 2023
Rubbish

How is Fidelity Bank, Opay, Palmpay and Moniepoint doing it then? Na robot them dey use?
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by CodeTemplar: 3:00pm On Mar 13, 2023
Ventura1:
The problem is more of infrastructure than personnel.
All the banks cannot have inexperienced IT staffs. It has to be partly or wholly the things the banks share in common.
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by MT: 3:01pm On Mar 13, 2023
This is an article riddled with lot of ignorance.

Do people even understand the technology, infrastructure and skill sets that are available in the bank?

Some good hands have left but there are still enough good hands having a crack at everything.

People don't understand what go on behind the hoods and the number of machines that have to "talk" to themselves before a transaction is consumed. Their own epileptic internet while transaction is yet to fully consume will also be blamed on the banks.

Nigeria is a country where "Network" is blamed on everything.

2 Likes

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by LegacyB: 3:02pm On Mar 13, 2023
Stop writing what you don’t know. Emefiele scuttle the process himself. Stop deflecting!
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by LofP(m): 3:02pm On Mar 13, 2023
The fault of the CBN governor is glaring because:

1. He was a former Zenith Bank MD.

2. Zenith Bank had been having a bad time before the naira swap policy began.

3. He should have expected an increase in transaction volumes.

4. In the event that he didn't expect the increase mentioned above, did he seat with the bank MDs to inform them of the pros and cons of this new policy?

In all that has happened, the most important thing for the CBN to do is to alleviate the suffering of the masses by making legal tender available to people.

The CBN has instead chosen to play to the gallery by responding to the Nation newspaper instead of addressing Nigerians.

The CBN governor's appointment will now turn out to be GEJ's worst appointment and a disheartening reminder of why Nigerians voted him out in 2015.

However, his transformation under Buhari requires a documentary to show posterity how not to manage a country's monetary policy.

1 Like

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by 9jaRealist: 3:03pm On Mar 13, 2023
b03liberty:
Lol. Blame blame system

Kpom! grin grin grin
>
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by 9jaRealist: 3:03pm On Mar 13, 2023
Ventura1:
The problem is more of infrastructure than personnel.

It shouldn’t be…
There’s enough backbone infrastructure to handle more than Nigeria’s current requirements.
>

1 Like

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by MT: 3:03pm On Mar 13, 2023
Yampotatocarrot:
Rubbish

How is Fidelity Bank, Opay, Palmpay and Moniepoint doing it then? Na robot them dey use?

Opay and Moniepoint do not have the security layers that commercial banks must comply with as mandated by the CBN. More reasons that fraud is easy to perpetrate with these banks.

The more the security layers, the longer it takes for a single transaction to be completed.

4 Likes

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by alixa2190(m): 3:05pm On Mar 13, 2023
Brain drain 🤣
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Yampotatocarrot(m): 3:06pm On Mar 13, 2023
MT:


Opay and Moniepoint do not have the security layers that commercial banks must comply with as mandated by the CBN. More reasons that fraud is easy to perpetrate with these banks.

The more the security layers, the longer it takes for a single transaction to be completed.

Ooo, thanks for this, I didn't know. But atleast, Fidelity dey try na

1 Like

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Hannover(m): 3:07pm On Mar 13, 2023
This has to do with poor infrastructure and not inexperienced personnel. You people like writing shit.

1 Like

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Bizibi(m): 3:11pm On Mar 13, 2023
Zenith Bank!!! Zenith Bank!!!

1 Like

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Thomasankara(m): 3:11pm On Mar 13, 2023
[/color]you are not a really active businessman,if not u will not support this policy that's not well conceived[color=#770077]
Offpoint1:
Offtopic...

I wonder why Urchins/some Nigerians are attacking Emefiele instead of Buhari their messiah. Ts's like the nonsense our teachers where doing then back... punishing student for non-payment of school fees instead of the parents.


You all know Buhari the directives, Emefelie works with Buhari's instructions.


I support the policy and I will keep on supporting it, an extremely corrupt country like Nigeria should go cashless.

We should channel all our efforts towards the banks to upgrade their servers/equipments...
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Brushstrokes20: 3:13pm On Mar 13, 2023
# usual bullocks for Brainless buffoons undecided
All motion, NO MOVEMENT govt undecided

Buhari and emeFAILURE are Nigeria's WORST BLUNDERS!
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by linearity: 3:13pm On Mar 13, 2023
Okonandmary:
Funny article.

IT department of most of the banks are now manned by inexperienced hands who cannot cope with the traffic on internet banking platforms.

Inexperience hands who Can not cope with traffic on internet banking platforms.

It is obvious the writer doesn't understand tech.

Like the issue has nothing to do with the workers rather the technology and budget.

Are the banks willing to spend on getting the lastest tech needed.

Are they willing to spend money to get faster servers


Very correct, these transactions are seem less and the same transaction delays and declines will also happen under experienced IT staff.

The bottleneck is resource utilization exhaustion on the software, here Bank managers bought limited few licenses and pocket the rest of the budget money. If you only paid for 1000 concurrent user access to your banking software expect the system to crash if overnight it start getting 100,000 transaction calls, no IT guru on staff will help you solve this, simply pay additional millions to the software vendor so they can increase your license.

Secondly, low grade servers and limited sized VMs on the cloud hosting these softwares. If the your server CPU, memory, IOPS, is very low, no IT guru will help you, though retweaking codes to reduce calls will help a lot, but ultimately you need to upgrade to faster servers.

Thirdly, your broadband access to the internet or cloud servers gateway access matters a lot. If you only subscribe to 100meg access expect shock points when all comers start sending traffic.

Lastly, Network devices and especially firewalls and security measures. How fast is your network devices, firewalls who examine each TCP/IP and then inspect them to eliminate and truncate attacks, how fast your firewall is doing this matters. Clogging your Network cabinet with old switches, routers and firewalls will severely slow down transaction….throw away those old boxes in the server room and upgrade, an IT guru on staff will not help with this.

The writer know all these, but they are just auditioning for a consulting contract from the Banks, at the end of the day, these are the recommendations they will give them.

6 Likes 1 Share

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by DeOTR: 3:13pm On Mar 13, 2023
Nothing related to the IT Team experience. Most Banks are still using legacy codes.
They should upgrade to ensure their infrastructure can withstand high traffic, that's all.
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by abiala2015(m): 3:13pm On Mar 13, 2023
Nigeria my country.... Now that we re loosing our rich Brian's to the foreign countries. What's the fate of the future of this country going to be like in the next decade?
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Bridget95(f): 3:14pm On Mar 13, 2023
stano2:
Please a guy that goes by the name Matthew Friday Agada scammed a lady of 500,000 naira and also scammed several others by deceiving them with fake employment opportunities.

Below are his phone contacts and bank account details.

matthew friday agada
07060746469 OPAY

Phone numbers
07060746469
08115526632
Mattcom223@gmail.com is his email.

Please if there is a way to get this guy, I’ll appreciate.
He has caused people pains.
Did they f^ck ? See the way the girl is all over him forgetting her brain and bank account.
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by bn2murphy(m): 3:17pm On Mar 13, 2023
What do you need an IT Proffesional to do than design and maintenance.
Just like you have your applications on your phone.
dre11:


https://leadership.ng/inexperienced-tech-personnel-in-banks-scuttle-cashless-banking/
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by mutantninja: 3:19pm On Mar 13, 2023
muykem:
CBN use monetary policy as a political weapon hence the antecedent challenges. A serious economy team would have sat down to analyse the issues properly. The stakeholders in financial sector include CBN itself are not ready for total cashless we are facing today. Over 500 LGA out of 774 LGA in Nigeria doesn't have any presence of bank which means the informal sector of Nigeria economy is more than formal.
You don’t know anything keep quiet … who is this affecting? You think it’s not also affecting CBN with the slow paced economy since the advent of the cashless policy? It’s all external Influence. If you wanna learn ask questions.. rn it’ll take your people 50+ yrs to get out from this bondage.
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Nobody: 3:20pm On Mar 13, 2023
In that case we don't have what it takes for cashless policy. Can we go back to using our money nowwwww!!!!!? Enough of wickedness
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Ishilove: 3:22pm On Mar 13, 2023
in the sense that, for cashless policy to work, people must transact and receive alert immediately.
Funny. It now takes up to 12 hours for a transaction to be completed. Someone transferred from Firstbank to my Polaris account at 12.44pm on Saturday. I received the funds at 11.04pm that night.

cashelss indeed

1 Like

Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by Thomasankara(m): 3:22pm On Mar 13, 2023
[/color]are u kidding[color=#770077]
muykem:
CBN use monetary policy as a political weapon hence the antecedent challenges. A serious economy team would have sat down to analyse the issues properly. The stakeholders in financial sector include CBN itself are not ready for total cashless we are facing today. Over 500 LGA out of 774 LGA in Nigeria doesn't have any presence of bank which means the informal sector of Nigeria economy is more than formal.
Re: How Inexperienced Tech Personnel In Banks Scuttle Cashless Banking by ppogba: 3:23pm On Mar 13, 2023
Hannover:
This has to do with poor infrastructure and not inexperienced personnel. You people like writing shit.

This is what you get when a reporter has not submitted an article for publication for several weeks. And he/she is under pressure.

Poor, un- researched piece of guess work.

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