What NMB’s new system means for users and firms

NMB Bank Managing Director and Chief Executive Officer Ruth Zaipuna speaks in Dar es Salaam following the completion of the bank’s migration to a new core banking system. PHOTO | COURTESY

Dar es Salaam. NMB Bank’s migration to a new core banking system is expected to expand the bank’s capacity to process transactions, strengthen digital services and provide more tailored financial solutions to customers and businesses as the lender enters a new phase of growth.

The new system, which NMB describes as a major strategic technology investment, replaces the platform that has supported the bank’s operations since 2011.