CBN Releases IT Standard For Banks

In a bid to ensure quality ser
vice delivery in the banking sector in the country, the Central Bank of Nigeria (CBN) has released a new Information Technology (IT) standard to the commercial banks.
This was contained in a circular to the banks last week and made available to The Tide.
According to the circular, the new IT standard serves as an avenue for the banks to identify and adopt global IT standards in the country.
CBN said the new technology would serve as reference point to ensure quality IT service delivery through infrastructure transformation programme.
In the circular, CBN noted that the IT standard council would be reconstituted after two years, adding that the council would drive the adoption implementation and compliance to the standard by the banks  in the country.
The apex bank also said that the blueprints for the standards and the framework had been defined and released for adoption pending the completion and launch of the bankers’ committee IT standard portal.
The baseline assessment for “priority I” standard would be carried out in banks in the first quarter of 2014.
This is one of the apex bank moves to make the commercial banks in the country comply to global standards as well as offer quality services to their customers under the cashless policy environment.

Lilian Peters