Category: IT


Guaranty Trust Bank plc

PRESS RELEASE

Wednesday, April 10, 2013

                                                                                                                                                                                                                                               

Lagos, Nigeria: Foremost Nigerian financial institution, Guaranty Trust Bank plc has once again raised the service bar for Nigerian financial institutions with the recent unveil of its ‘Social Banking’ service on Facebook. The new offering which is the first of its kind by any Nigerian Bank allows the public open GTBank accounts and get Customer Service support on Facebook.

 

Speaking about the innovation, Chief Executive Officer of Guaranty Trust Bank plc; Mr. Segun Agbaje said the Bank’s objective is to engage the public where they work, live or play and the new service would enable persons on social networks like Facebook commence a banking relationship and perform transactions 24/7, safely and conveniently, without having to leave the platform.  According to Mr. Agbaje ‘This novel service presently allows people open GTBank accounts and get customer service support on Facebook and in a couple of weeks we will introduce new service options that include money transfers, airtime purchases and bills payments’. He further affirmed that GTBank was committed to the convenience of its stakeholders and the Bank would continue to introduce value adding alternative channels into the future.

Guaranty Trust Bank has been at the forefront of industry innovations within the Nigerian financial service sector over the last 22 years. The Bank is the first Nigerian institution to have recognized online/social channels as an emerging service point and has over 1 million followers on Facebook; the largest for any African Bank. Additionally, the Bank recently introduced GTBank Mobile Money, a highly secure application that allows customers and non GTBank customers perform transfers and payments from their mobile phones to any mobile phone subscriber within the country.

Furthermore, the Bank’s internet banking platform is one of the most robust in the industry, supporting a wide array of service offerings that include bills payments, own and third party transfers and foreign exchange transfers to any bank account in the world. The Bank’s alternative banking channels were given a Payment Card Industry Standards Council (PCISSC) certification late last year, implying that the channels meet acceptable technical and operational requirements to prevent credit card fraud, hacking and other security vulnerabilities.

Guaranty Trust Bank plc was established in 1990 and has within the last 22 years come to be recognized as one of the most innovative and service focused banks in the Nigerian financial market space. The Bank operates from 200 business locations in Nigeria and has banking subsidiaries in Cote D’Ivoire, the Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.

Communication & External Affairs

Tel: 234-1-2715227

Guaranty Trust Bank plc

Grab Your Copies of the new, exciting and highly informative CSRWatch Magazine Vol 1 Issue 4 2013.

 

Read about;

West African Pipelines Company, WAPCo’s claim of a whooping $2million CSR expenditure in Badagry, Lagos

front1.

 

The Deadly KEMPS cream crackers biscuits.

The Top 20 corporately responsible companies in Nigeria.

Our ‘CSRAcademy’ & The CSR center, Lagos Business School.

Our Focus: GTBank’s Adopt-A-School initiative.

Our authoritative ‘Diary of the societal vulnerable’.

& Our Special exclusive Interview: CEO Etisalat Nigeria, Steven Evans, speaks on the over $500million invested in Nigeria in the last 5years.

 

you cant afford to miss this.

Sophisticated computer modeling will be a key tool in protecting cities from climate change impacts.

So first, a question: what links the Spanish town of Guernica in 1937, New York in 2012 and a city like Shanghai in 2039?

Probability suggests there are a number of correct answers, but the one we are after is that later in the century all three, for different reasons, will be seen as important stepping stones toward a world in which embedded computing and the routine processing of “Big Data” will be ubiquitous, critical to the health of the global economy and, increasingly, taken for granted.

Peer down at Earth from an airliner at night and you see urban areas as brilliant splashes, stripes and webs of light spread across the planet’s dark surface. Less visible are the immense flows of data and information that now knit our world together. If you want to track down the origins of that light, go back to Thomas Edison’s laboratory in the 1870s.

But what if you were looking for the source of those huge data flows?
Bombing of Guernica Sparked Data Revolution

Oddly, a good place to start would be the burning ruins of the town of Guernica in the Spanish civil war. The bombing raid by German bombers working for General Franco’s fascists inspired one of Spanish artist Pablo Picasso’s greatest masterpieces. But the raid also triggered a tsunami of concern Bombing of Guernicaacross Europe as governments suddenly rumbled the fact that their cities were vulnerable to total destruction from the air.

One consequence: a reinvigoration of efforts to crack coded signals sent by the Nazi armed forces. Polish experts first broke signals encrypted by German Enigma machines in 1932, but later struggled as encryption and security processes became more sophisticated. Even in the early days, the chances of breaking the code were calculated to be 158 million million million to one.

Happily, as the Nazis prepared to invade Poland, the secrets of how to crack the Enigma machines were handed over to the French and British secret services. All of this came to mind as several of us headed north by train to visit Bletchley Park, the once highly secret — but now increasingly famous — center of British code-breaking in World War II. At its peak, Bletchley Park employed over 8,000 people in helping to break the codes used by German and Japanese armed forces: it is said that their efforts helped shorten the war by as much as two years.
From Alan Turing to Google

A key figure at Bletchley Park was mathematician Alan Turing, now seen as the originator of digital Hurricane Sandy in New Yorktechnology. As Bletchley Park CEO Iain Standen told us, just as the inventor and painter Leonardo da Vinci sketched helicopters as long ago as 1493, so Turing in the 1930s had sketched the future of computing. In his case, however, it was only a matter of years before his vision began to turn into reality.

In his brilliant book Turing’s Cathedral, sub-titled “Origins of the Digital Universe,” George Dyson explains how today’s computers track back to the work of Bletchley Park and, later, of scientists at the Institute of Advanced Study at America’s Princeton University, racing to build the first hydrogen bomb. From their relatively simple hardware and code evolved everything from smartphone apps to Google’s globe-straddling algorithms.
Computers Help Cities Respond To Sea Level Rise

As for the New York link, powerful computers helped model Hurricane Sandy as it built out in the Atlantic and then collided with America’s east coast and, most spectacularly, New York City. The sheer cost of the damage caused guarantees that huge additional sums will now be invested in evolving computer modeling and early warning systems to help minimize the impact of superstorms and other symptoms of global warming.

As for cities like Shanghai, 2039 will be the centennial year of Bletchley Park’s first intelligence efforts. By that time the evolutionary race that Turing and other code breakers began will have reached levels of computing power and artificial intelligence almost unimaginable today. And like Shanghai, which is hugely vulnerable to sea level rise, most cities will be using advanced forms of IT to shrink their carbon footprints and ward off the worst effects of climate change.

More than two-thirds of the world’s largest cities are at growing risk from rising sea levels. One initiative designed to help reduce the damage is Connecting Delta Cities, a network of delta cities Future Proofing Cities: Atkinsexploring new responses to climate change. And one thing is clear: data, information and intelligence systems will be crucial in ensuring that coastal concentrations of population and industry make it through the twenty-first century in good order.
Future-proofing Cities

Helpfully, a new Atkins report, Future Proofing Cities, assesses the risks to 129 cities—from megacities like Bangkok to smaller cities such as Zaria in Africa. Among the key trends spotlighted:

Nearly 900 million people are likely to live in informal settlements by 2020, many of them particularly vulnerable to the impacts of climate change and to changes in the price and availability of critical resources such as energy, water and food.

The study provides risk profiles for different cities and different types of city, linked to climate hazards, resource scarcities, and damage to ecosystems. Those responsible for future-proofing cities will be happy to know that more than 100 practical policy options are on offer.
Designing the OS of a Sustainable Economy

Just as Alan Turing and the Bletchley analysts cracked the operating code of an evil empire, so a new wave of designers, scientists and engineers are now working to devise the operating systems for a more sustainable global economy. Some see the world’s growing number of cities as tomorrow’s open-air, live-in computers, in which everything will be wired and ever-greater volumes of data will be processed.

Perhaps, if we are lucky, digital trajectories that began at Bletchley, sparked by the Guernica bombing, will accelerate again as cities compete to shrink their environmental footprints and generally smarten up for the future.