Stanbic IBTC Holdings PLC, a leading provider of financial services in Nigeria, is pleased to announce the commencement of operations of its wholly-owned financial technology subsidiary. Having received all required regulatory approvals and licenses to commence operations, the subsidiary will operate under the name Stanbic IBTC Financial Services Limited. It will function primarily as a Payment Solutions Provider (PSP), focusing on developing innovative technology solutions to enhance Stanbic IBTC’s existing financial services offerings.
The launch of Stanbic IBTC Financial Services Limited marks an important milestone for Stanbic IBTC as the company seeks to remain at the forefront of the rapidly evolving financial services industry. The subsidiary will leverage cutting-edge technology and expertise to provide customers with new and improved ways for businesses to manage their finances, sell online and collect payments via innovative payments and eCommerce solutions. Speaking on this development, the Group Chief Executive of Stanbic IBTC Holdings PLC, Dr. Demola Sogunle, indicated that the establishment of a Fintech business would provide Stanbic IBTC with the opportunity to penetrate further into the payments and Fintech markets and thus contribute to the growth of the overall business of the Group.”This development is exciting for our company as we continue to invest in new technologies and solutions that will allow us to serve our customers better and remain a leader in the financial services industry.”
Stanbic IBTC Holdings PLC’s strategic intent is to be Nigeria’s leading end-to-end financial solutions provider. In furtherance of this objective, Stanbic IBTC Financial Services Limited will facilitate payments processing, eCommerce, consumer lifestyle payments, and other value-added services, thus complementing other businesses currently being operated by the Group.
Stanbic IBTC Financial Services Limited will operate as a separate legal entity under the Stanbic IBTC umbrella, with its management team and dedicated resources to drive innovation and growth. The subsidiary will work closely with the Group’s existing teams to identify new opportunities and develop customized solutions to meet the unique needs of its customers.
“We believe that Stanbic IBTC Financial Services Limited has the potential to revolutionize the financial services industry by leveraging the power of technology to provide customers with new and innovative ways to manage their finances,” said Stanley Jacob, Chief Executive, Stanbic IBTC Financial Services Limited. “We look forward to driving true platform orchestration that delivers robust payment solutions to businesses, consumers, and Government.”
Enhancing the Group’s overall operations and contributing to the growth of the Nigerian financial technology industry, Stanbic IBTC Financial Services Limited will leverage agile practices and innovation to drive financial inclusion, enhance user experiences, improve service delivery, and promote economic growth.
TGI Ranked Among LinkedIn’s Top 25 Workplaces
Lagos, Nigeria – Wednesday, May 5, 2023: Tropical General Investments (TGI) Group, a global conglomerate and leading contributor to the Nigerian economy, has been ranked among the 25 Best Workplaces where people can grow their careers in the 2023 LinkedIn Top Companies list.
The LinkedIn Top Companies list ranks the top 25 companies investing in their employees and helping them build careers that will set them up for long-term success.
TGI Group has an impressive track record in fast-moving consumer goods, agriculture, and energy and was recognized for performing excellently on the eight assessment pillars used for the second annual ranking.
These pillars include the ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, educational background, and employee presence in the country. The insights for the ranking were sourced from LinkedIn Talent Insights, including the parent company and majority-owned subsidiaries.
Among TGI’s most prominent skills, LinkedIn listed Payroll Services, Enterprise Software, and Product Testing. Its most common job titles were Sales Manager and Sales Executive. The most common job titles were Sales Manager and Sales Executive, and the most prominent job functions were Sales, Operations, and Quality Assurance.
Rafiat Gawat, Group Head of Corporate Communication, expressed her enthusiasm for the recent achievement of Tropical General Investments (TGI) Group, stating that the recognition by LinkedIn marks a significant milestone in the organization’s growth trajectory.
“We are very excited about this. It’s a huge achievement for Tropical General Investments (TGI) Group. Those who have been with the Group long enough can attest to how much we have grown as an organization. We have come such a long way especially in recent years, and the future is bright. And it is indeed satisfying that our efforts are being recognized and validated by organizations such as LinkedIn. As they say, the reward for hard work is more work, so this is another reason for us to do even more to improve employee experience for TGI Associates”, she concluded.
In explaining the assessment pillars, LinkedIn stated that the ability to advance tracks employee promotions within a company and when they move to a new company based on standardized job titles. Skills growth looks at how employees across the company gain skills while employed at the company, using standardized LinkedIn skills.
“Company stability tracks attrition over the past year and the percentage of employees that stay at the company for at least three years. External opportunity looks at recruiter outreach across employees at the company, signalling demand for workers from these companies. Company affinity measures how supportive a company’s culture is and looks at connection volume on LinkedIn among employees, controlled for company size.
Tropical General Investments (TGI) Group is a global conglomerate with majority of its investments in emerging markets. TGI’s investments focus on driving inclusivity and value addition using locally sourced raw materials, state-of-the-art manufacturing facilities and a highly skilled workforce to produce world-class products consumed locally and exported to global markets. TGI Group is the parent company of WACOT Rice, CORMART, CHI Farms among others.