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HomeCompany NewsSterling Bank partners with SPPG to revolutionize credential verification with blockchain tech

Sterling Bank partners with SPPG to revolutionize credential verification with blockchain tech

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Sterling Bank, a leading financial institution in Nigeria, has announced a pioneering partnership with the School of Politics, Policy, and Governance (SPPG) to implement blockchain technology for credential verification.

This collaboration aims to enhance the efficiency, security, and accessibility of academic credentials, marking a significant advancement in the education sector.

Recognizing the challenges of traditional paper-based systems, Sterling Bank has supported the integration of VX Technologies’ blockchain-based digital certification program.

This initiative addresses the pressing need for a transformative solution to manage and verify academic credentials efficiently.

“We are thrilled to partner with VX Technologies and SPPG to introduce this game-changing initiative,” said the Chief Growth Officer at Sterling Bank, Obinna Ukachukwu.

“At Sterling Bank, we believe in the power of innovation to drive progress and transform lives. By supporting the adoption of blockchain technology in education, we are not only revolutionizing credential verification but also advancing our H.E.A.R.T strategy for Education, which prioritizes Access and Equity.”

Sterling Bank’s investment underscores its commitment to fostering innovation and driving positive change in Nigeria’s education sector. Through blockchain technology, SPPG graduates will now have access to secure, tamper-proof digital certificates, ensuring the integrity and authenticity of their academic achievements.

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VX Technologies, known for its leadership in blockchain integration across various sectors, highlights the significant impact of this collaboration.

“We are pleased to acknowledge the impactful generosity of Sterling Bank, which has provided the funding necessary for the initial phase of this project,” said Ryan Hawkos, Director of Operations at VX Technologies.

“This support ensures that thousands of SPPG alumni can access their digital certificates, with the first one thousand certificates being provided at no cost.”

As Nigeria’s education landscape evolves in the digital age, Sterling Bank remains at the forefront of driving innovation and empowering the next generation of leaders.

Through strategic partnerships and groundbreaking initiatives like this blockchain-based digital certification project, Sterling Bank is leading the charge towards a future where access to education is seamless, secure, and equitable.

Alero Ayida-Otobo, Chief Executive Officer of SPPG, expressed gratitude for Sterling Bank’s support, stating, “Sterling Bank’s commitment to quality and positive educational experiences for people is yet again demonstrated here in their support for adopting innovative technology across the educational ecosystem.

We are one of the first institutions in Nigeria to embrace blockchain for academic credential management, and we look forward to a near future where this is the norm across Nigeria.”

Sterling Bank, renowned for its HEART strategy focusing on Health, Education, Agriculture, Renewable Energy, and Transportation, continues to receive accolades for its innovative approaches.

In 2023, it was awarded the Most Innovative Bank of the Year by BusinessDay, named the Overall Best Place To Work In Nigeria by the Great Place To Work Institute, and featured on the prestigious top 100 fastest growing companies in Africa by the Financial Times.

This landmark collaboration with SPPG further solidifies Sterling Bank’s role as a leader in driving technological advancements and enhancing the educational landscape in Nigeria.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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