Namibian banks embracing digital transformation

Claude SchuckFrom AFRED SHILONGO in Windhoek, Namibia,
WINDHOEK, (CAJ News) – THE Namibian financial services sector can now embark on digital transformation initiatives while ensuring business continuity.Among these is the Capricorn Group, which like other players in the sector faced such dilemma.Veeam Software provided the assistance it required for this journey.
Working with its partner Complete Enterprise Solutions, Veeam rolled outits availability solutions encompassing backup and replication functionality to the three banks in the group- Bank Windhoek, Bank Gaborone and Cavmont Bank in Zambia.
Officials said the move saw the group benefit from significant cost-savings as it streamlined operations with the new Veeam system.
Previously, the entities functioned separately, but after their merger into a single holding company, the business required a different approach.This saw the need to consolidate its systems as it identified more digitally-focused business prospects as a group and unlocked strategic opportunities at its other operations in Zambia and Botswana.
“While the initial requirements focused on backup and some replication,our evolution into a more mature financial services group meant we needed more measurement elements around our data availability. After all, you can only manage what you can measure,” says Johan Maritz, lead technical platform specialist at Capricorn Group.
Maritz, who disclosed they saved at least 25 percent in costs by reducing virtual machine resource allocation, said Veeam was enabling Capricorn Group manage its digitalisation projects in Zambia and Botswana as it became a more digitally-centric organisation.Claude Schuck, regional manager for Africa at Veeam, said the project in Namibia had been an ongoing process during the past two years as Capricorn Group started migrating portions of its systems to Veeam.
“This culminated in a decision by Capricorn Group early last year to migrate all their availability requirements to Veeam. The project itself took approximately four months to complete and has provided the group with significant guidance in terms of their systems, data, and opportunitiesfor streamlining internal processes,” Schuck said.
– CAJ News

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Posted by on Jul 4 2017. Filed under Africa & World, Featured, Finance & Banking, National, News, Regional, Software, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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