GTB improves transactions security with new technologies and internal procedures

The Nigerian Guaranty Trust Bank (GTB) will install new technology and begin internal procedures aimed at enabling the bank to easily identify fake transactions and prevent fraud on customers’ accounts.

Re-affirming GTB’s commitment to the safety of customers’ funds in 2013, Managing Director Segun Agbaje said it was committed to ensuring its customers are not exposed to the escalating incidents of online and other forms of fraud that has enveloped the nation’s banking industry.

He said: “We have introduced several new processes internally, which I cannot disclose that make it more difficult for fraudsters to have access to our customer accounts. Additionally we have a mutually beneficial relationship with law enforcement agencies, such as the Nigerian Police Force that enable us identify potential fraudsters and apprehend them before they act.”

According to Agbaje, GTB remains committed to proper practices and preventive mechanisms that can safeguard stakeholders’ accounts, lives and properties.

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