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.