Home  |  Login  |  FAQ  |  Advertise  |  Services  |  Recommend  |  FeedBack  |  Contact Us  
Home
News

 Other Sections
ACN Ghana 2008
Sports
Finance
Business Directory
Online Forms
Real Estate
Classifieds
Auto
Jobs
Events
Downloads
World Cup 2010
Travel
About Ghana
Our Services
News Headlines
 More
Uganda hosts Business Technology Summit
News Date: 18th April 2013


Computer Warehouse Group (CWG), Pan African Systems Integration Company, in collaboration with IBM and Infosys, leading universal banking solutions provider has successfully introduced IT transformation solutions for the financial services sector in East Africa.

The partnership would enable financial institutions perform their duties diligently using world class IT solutions that would add value to the industry.

Mr Michael Manzi, Country Manager of CWG Uganda made this know at a Business Technology Summit on theme: "Driving Finacle core banking application on IBM Power7 and storage" in Uganda.

The event which brought together industry experts and stakeholders from the major financial companies in Uganda and East African region provided a platform to discuss and create awareness about "Finacle core banking application on IBM power systems and storage".

Mr Manzi, said the trend in the industry currently was that customers increasingly felt more comfortable to engage a Single Responsibility Partner, which is usually the software provider, who has impeccable credentials in hardware.

He said this significantly increases the success factor, and drastically reduces the points of failure in the project by eliminating the resort to finger pointing by many vendors.

He noted that CWG had over time proved herself as such a partner with leadership skills and resources in Software, Hardware and Database.

Mr CS Vinay, Associate Regional Manager and Head Africa, Finacle noted that Finacle core banking application from Infosys is a highly sophisticated and advanced system that had been deployed and is being used by a number of financial services institutions in Africa and other continents.

According to him, Finacle enables banks to transform their multi-country operations through a standard platform and process saying: "It has a set of offerings including interest free banking, wealth management, an enhanced mobile banking solution, consumer e-banking and treasury solutions amongst others."

He said Finacle had recorded numerous success stories of business transformation in banks in Africa running on IBM Power Servers and Storage systems.

He explained that the journey so far had been a remarkable one and expressed hope that the financial industry players in the East Africa would experience remarkable transformation in their businesses by embracing the Finacle solution.

According to him, the solution would enable banks drive its objectives of enhancing productivity and innovation-led customer experience in all its operations.

Mr CS Vinay pointed out the role that CWG played in delivering the Finacle solution to its banking customer goes beyond mere partnering with Infosys.

"CWG possess the requisite skills and resources to engage with the customer from the beginning of the sale until the solution is fully delivered," he said.

Mr Somas K Balasubramanian, Client Technical and IT expert of IBM who gave a presentation titled "IBM STG Solutions to accelerate the Banking Transformation Projects with IaaS Cloud" said the key challenges in the banking industry range from operations integration, service operations to market share demand/ growing revenues.

He spoke about how banks can align their IT services with business objectives and how they can improve the quality of their service while reducing long term costs on IT.

Mr Neeraj Bajpai, IBM and Open Group certified IT Architect explained how IBM's systems high performance, energy efficient servers are ideal for multiple applications and infrastructure workloads while providing one architecture design that supports banking transactions at optimum performance and cost.


Source: GNA


 More
 Search News
 
 Advanced Search

ADVERTISEMENT
  Latest News Headlines
COLISO Ghana, inaugurates water project at Kotokuom
NOVOBABEL Taps Ruffolo for YOG Website
Delta Air Lines Announces Enhanced Partnership with Kenya Airways
Amend Ghana's 1992 Constitution to spread leadership powers - Nduom
Mobile Voice Market Trends For May 2014
UN Commissioners hail new economic concept
NCA Opens Public Consultation on Draft UEC Code of Conduct
AAG holds Investiture of new Executive Council
Fashion out strategy to boost foreign exchange - Veep
African oil & energy sector fuelling global investor growth, says DHL
 More latest news
 Popular News Items
New Yutong Executive Coaches launched onto Ghanaian Market
Airtel commits GHC200 million to network expansion
Samsung Printers Receive Seven Awards for Outstanding Achievement from Buyers Laboratory
Kofi Annan centre to start new programme
Airtel Africa Announces New Managing Director For Burkina Faso
Israeli Ambassador Tours Mashav Educational Projects In Tamale
Airtel Simplifies Data Usage With 'Browse Chaw' Campaign
GAEC launches Technology and Transfer and Marketing Centre
Prez Mahama launches two policy documents
Akatsi-North District mobilizes Gong-gong beaters to hype Voter Registration

Copyright BusinessGhana. All Rights Reserved.

Legal