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Heritage Bank Plc, ­­­­­­­­Nigeria’s Most Innovative Banking Service provider, has successfully attained recertification of the Payment Card Industry Data Security Standard (PCI DSS) version 3.2, having achieved the International Organisation for Standardisation ISO 27001:2013 recertification recently.

With its legacy of innovation, the recertification reaffirms the bank’s leading position in the payment card industry in Nigeria, as first to issue a transparent Mastercard debit card in Sub-Saharan Africa and pioneered the mPOS in response to the CBN Cash-less initiative.

A statement signed by the Divisional Head, Corporate Communications of the bank, Fela Ibidapo explained that the PCI DSS is a proprietary information security standard for organizations that process, store, transmit or access cardholder information for major debit, credit, prepaid, e-purse, ATM and POS cards. The standard’s framework originated from the five global payment brand programmes (VISA, MasterCard, American Express, Discover and JCB) and was designed to increase cardholder data (CHD) controls to reduce credit card fraud. Any enterprise that falls within the scope of the standard must implement the standard and seek compliance.

The PCI DSS helps enterprises dramatically reduce credit card fraud and brings significant additional benefits, including increased bank/consumer credibility; reduced/optimised business impact and risk; and fewer breaches/increased security awareness.

Speaking on the award of the PCI DSS’ certification, MD/CEO of the bank, Ifie Sekibo it was a strong indicator that Heritage Bank consistently has its customers’ interest at the core of its business operations, is committed to appropriately protect customers’ information as well as maintaining a safe and secure environment for customer transactions.

He noted that banking is a business of risks management, from assets to data, adding that it is fundamental that whatever a customer keeps in a bank is in safe custody. According to “We are a service company providing banking service, and we are the best in the class of security of our information systems. It means funds kept with us are safe. This award is a validation of our mission to promote high ethical standards, integrity, and good business practices,” Sekibo stated.

The certification is said to be in recognition of the bank’s commitment to effective and secured financial system which has conferred internationally-recognized standard on its operations. This will also enable Heritage Bank to protect the funds of its customers and frustrate efforts by fraudsters to access their information and assets.

Also, the ISO 27001: 2013 recertification attained recently is part of the ISO 27000 family of standards which helps organisations keep information assets secure. The certification was achieved on the heels of the bank’s drive to revolutionalise the banking sector digital experience with Octopus, by putting in place a systematic approach to managing sensitive organisational information, ensuring it remains seamless, secure and available. The Octopus platform enables small businesses to key into electronic payment system easily, efficient collections, social integration, retention strategy, bills payment, mobile virtual top-up, funds transfer, balance enquiry, movie show time, news.

BUSINESS

‘That Business, E No Go Spoil For Your Hand’ — At Union Bank, There’s A Loan For Everyone

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Nigeria we hail!!

If you remember that famous line from the award-winning televisioncommercial released last year by Union Bank, then you’ll be excited to learn that spin-offs have been released as part of a follow-up campaign. This should come as no surprise after the short film emerged the most watched Nigerian ad on YouTube in 2018!

This time, the TV and radio ads follow the lives of themain characters from the original commercial – the photographer, ‘keke’ driver, and the mother – who represent relatable characters in our daily lives. Union Banksalutes their focus, tenacity and drive as they hustle and grind to make ends meet in Nigeria of today.

The‘grind’ is something we all identify with. Every day, it’s a struggle to rise above the challenges oferratic power supply, insecurity, bad roads, corruption andpoor governance.

To make things even worse, the average Nigerian is unable to access loans or credit facilities that could help thembreak out of the vicious cycle. Loans seem to be reserved for the already well-to-do who can provide collateral to back their applications, and for salaried workerswho can show pay slips as proof of income.

However,a recent Future of Work report, states that only 25% of Nigeria’s 85 million workforce are in paid employment. How do the other 75% support their hustle?

At Union Bank, we believe lack of credit facilities should not be on the list of frustrations Nigerians face. We believe that everyone – yes, everyone – deserves to have acredit ‘lifeline’.

And that’s why our loans are not limited to salary earners alone; because we truly want to support the grind of every day Nigerians struggling to keep their heads above water in these tough times.

So, whether you’re thatguy trying to grow his transportation business to the point where he can propose to his boo and support a family; or that young mother giving her all to take care of her children, or even that upcoming photographer hustling to make ends meet, with Union Bank, that business no go spoil for your hand.

We have a loan for everyone. Talk to us about the best option for you.

For more details,visitwww.unionbankng.com/loans/ or call 01 271 6816.

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BUSINESS

Heritage Bank Gets CIBN Nod On Established Academy, Trains 300 New Intakes

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In line with its commitment to ensure greater efficiency and boost its workforce, Heritage Bank Plc has received a nod from the Chartered Institute of Bankers of Nigeria (CIBN) for its establishment of a full-fledged learning and development institute, with the training of 300 new employees.
The Institute dubbed “The Refinery” being supervised by the Bank’s Human Capital Management Group is currently training 300 new intakes who are fresh from universities across and outside the country with diverse academic backgrounds and impressive academic records, in an ongoing intensive 12-week rigorous and thorough academic programme at the school, in Port Harcourt. 
The Refinery is a tailored learning experience Institute with the perfect blend of technologies, techniques and methodologies to optimise training experiences, which will help employees succeed in ensuring that the bank’s business stays ahead of the curve with the banking sector along with Heritage Bank’s target goals.
Having visited The Refinery in Port Harcourt during the ushering in of the new intakes, the Group Head, Learning and Development of CIBN, Babatunde Apena in his commendation stressed that Heritage Bank’s training facility is the best in Nigerian banking industry and at par with international best standard.
According to him, despite the training facility still undergoing various upgrades for accreditation, it stands out as one of the best in the industry.   
The MD/CEO of the bank, Ifie Sekibo, has described Heritage Bank as a forward looking business whose strength lies in the ability to spot and mould talents into great professionals. 

He noted that the Refinery was established to train, nurture and arm young employees with the right skills needed to fast-track development and enable teams to flourish.

Sekibo further explained that at the Academy, “we hire young graduates who want to advance their skill levels, which will lead to a direct and indirect improvement of life for their families and communities that will culminate  toward more productive, resourceful persons.”

According to him, any business that hopes to survive the current economic challenges must devise a creative way of harnessing the full potentials of the talents that abound among the nation’s teeming youth population.
He urged the lucky intakes that after their graduation, they should see the opportunity as a privilege to contribute their quota towards the development of Nigeria by imbibing the bank’s mantra of commitment to spreading the culture of Wealth Creation, Preserve and Transfer.
“Just as the word Refinery connotes, the Heritage Bank Plc Refinery is a Facility where crude talents or abilities are converted or ‘refined’ into ‘finished’ jewels for optimal performance.
“The training program is designed to take each participant on an enriching, rigorous and intellectually engaging learning journey to equip them with the fundamental competencies required of a professional banker. The Curriculums are structured to accommodate both Core and Non-Core Banking competencies such as finance, credit and accounting, organizational and behavioral competencies to mention a few”, Sekibo stated.
The bank’s helmsman also pointed out that Heritage Bank was assimilating the large number of new hands at a time when gainful employment was becoming hard to come by; stressing that the bank had always remained optimistic and pragmatic in deploying its resources for developmental ends. 
According to him, “In recent times, operators in the banking sector have discovered that margins are shrinking, costs are rising and yet nothing is changing. You are coming into an industry that most people think it is impossible to survive but we at Heritage Bank see opportunities in place of despair. So, therefore, your employment comes with uniqueness and promise. Everything you are about to learn at the Training School is very important to our balance as an industry and as a company as well as your progress as individuals.
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BUSINESS

Heritage Bank Empowers ‘HB Lab’ Tech Start-Ups’ Winners With $40,000 Grants

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As part of its efforts to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in Africa, Heritage Bank Plc, Nigeria’s most innovative banking service provider has doled out $40, 000 grants to winners of the maiden edition of HB Innovative Lab.

The maiden edition of Heritage Bank Innovation Lab Accelerator programme (HB-LAB) tagged, ‘Demo Day,’ is a 12-week programme, expected to provide technology start-ups seeking additional investments to progress and accelerate market introduction/adoption of their solutions with co-working and internet resources, guidance and mentorship with finch start-ups founder and seed funding. However, the bank’s commitment is to create enabling environment, resources and support required to innovate and accelerate impactful solutions with the potential to radically improve financial Inclusion/Intermediation, health, automobile, agriculture, and other related problems affecting critical sectors of the economy.

At the grand finale of the programme, of the seven groups, Trep Labs-Real Drip emerged the winner with the most compelling solution won the N10million, whilst Ladipomarket.com.ng won the N5million prize, as the 1st runner-up, which is equivalent of $40, 000.

Speaking at the event, the MD/CEO of the bank, Ifie Sekibo, said the bank knew it was in the best interest of the country to pay attention to the development to the technology and industrial sector. According to him, “the future of the country lies in the hands of its youth. Our youths are talented, and Heritage Bank is committed to harnessing this talent to grow the economy.”

He noted that although in Nigeria, technology startups still account for a relatively small share of all businesses, but they have an outsized impact on economic growth, because they provide better-paying, longer-lasting jobs than other start-ups, and they contribute more to innovation, productivity, and competitiveness.

Sekibo explained further, “Newly starting up a business is part of the most difficult stage of the business, you would need to source for capital and manpower. Considering the fact that you are a new business those items are not so easy and cheap for you to acquire.

“However, the presentations we have seen today shows how gifted Nigeria is with human resources, our youths have demonstrated that the country still has a beautiful future.

“I am impressed with the start-ups, after six weeks of drilling and grooming they have been able to develop up to this point; everyone is a winner tonight as far as I am concerned.

“Based on the success of this maiden edition we are going to continue this initiative, we would go back to our laboratory and create something bigger for the upcoming editions.”

When asked what he felt about Artificial Intelligence being used in banks, he explained: “Technology has been playing a key role towards enhancing the banking sector. Thus, we saw the need to create an Artificial Intelligence product called Octopus, which has been piloted and its second edition is almost ready for launching.

On his part, the Co-founder TREP Labs, Alayande Abiola, said, “Emerging as first place and winning the ten million naira is going to help the growth of our clinical solutions.

“Now we would be able to complete our clinical trials, optimise our products development and also provide enough healthcare solutions that are battling with the country.”

Earlier, the bank’s Divisional Head Innovation and Partnership, Ikenna Imo, explained: “Twelve weeks ago we welcomed seven talented and diverse start-ups, at that time our intentions were clear that we were ready to create distinctive propositions that solves issues facing the country currently.

“Today, I have no doubts that the start-ups we have assembled after a selective and competitive process have what it takes to accomplish that.

Over the last 12 weeks, the HB Lab has hosted a number of business leaders and founders within in the tech ecosystem who shared the experiences and evolutions of their respective businesses with the aim to inspire and impart business knowledge in the young minds looking to start out their own tech-enabled businesses.

Some of the mentors at the program include; Gbenga Awe (Heritage Bank Plc), Tosin Eniolorunda (TeamApt), Abolore Salami (Riby), Deji Oduntan (Gokada), Muyiwa Faulkner (Mines.io), Shile Owoka (Smile Identity), Moses Sule (Oradian) to mention a few.

Heritage Bank Plc remains committed to championing sustainable value creation, leveraging technology to ensure a culture of innovation and mutually beneficial partnerships.

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