MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Software
Written by / Agency / Source: Kenexa | IBM
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Sidian Bank Taps IBM Cloud, Cognitive to Accelerate Digital Transformation - Kenyan Bank leverages IBM’s Cognitive, Cloud and Managed Services to enhance financial efficacy efforts - SidianBank.co.ke / IBM.com
Sidian Bank Taps IBM Cloud, Cognitive to Accelerate Digital Transformation

 

NewswireToday - /newswire/ - Nairobi, Kenya, 2017/03/13 - Kenyan Bank leverages IBM’s Cognitive, Cloud and Managed Services to enhance financial efficacy efforts - SidianBank.co.ke / IBM.com. NASDAQ: KNXA

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

IBM today announced that Sidian Bank has turned to IBM Cloud and Cognitive solutions to fuel its digital transformation. This helps the bank provide its growing customer base of small and medium-sized businesses with faster access to existing services like debit and credit card processing, bank account opening, teller services and wealth management.

Sidian Bank (sidianbank.co.ke), founded in 1984, was launched as a micro-finance bank before upgrading and becoming a commercial bank. The bank needed a core banking system that would provide a competitive edge as it enhanced its services to better target the entrepreneur market segment. It was also looking to reduce unplanned system outages and to improve its core banking system performance.

Prior to engaging IBM (ibm.com), about 40 percent of a typical business day’s working hours at the bank was spent on problem isolation. Today, however, through infrastructure as a service and cognitive management, the system can learn from past incidents and resolve 56 percent of any difficulties with minimum human intervention. This has enabled the bank realize 34 percent savings in capital expenses and a 60 percent improvement in transactional times across all ATMs and teller counters.

Furthermore, the bank faced significant challenges with hardware capacity for memory, processing and storage which had a direct impact on applications availability. Previously the core banking services were running on legacy hardware. All applications were migrated to IBM infrastructure through a hybrid cloud model which is live and fully operational. Also, with the infrastructure managed services on IBM systems the availability, speed of access and expansion for applications has improved to 99 percent from an average of 84 percent on a given week.

“This is the first collaboration of its kind in this market. It not only cements our partnership with the IBM, but also creates new and unique partnerships that support our institution’s growth strategy and enhances the efficiency of our entire banking infrastructure.” said Titus Karanja, CEO, Sidian Bank.

With the IBM cognitive capabilities, the bank continues to drive fast response times to customer needs which are key to supporting its mostly small and medium-sized tier entrepreneurs. It additionally enables the bank to improve IT staff productivity by 30 percent, freeing its technology team to focus on their core business.

"As the East Africa market expands and opens up to intense competition, we’re seeing more clients tap into IBM’s Cloud and Cognitive technologies to ensure a flexible and reliable IT platform and help them make smarter, faster decisions to address real-time business needs,” said Nik Nesbitt, General Manager for East Africa, IBM.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Kenexa | IBM

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Sidian Bank Taps IBM Cloud, Cognitive to Accelerate Digital Transformation

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Elizabeth Ntonjira - IBM.com 
+254-711-337-31 elizabeth.ntonjira[.]ibm.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Kenexa | IBM securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Kenexa | IBM / Company Profile


Read Software Most Recent Related Newswires:

Global Organizations Select SAP SuccessFactors Solutions to Accelerate Culture Change and Drive Digital Transformation
Cornerstone to Acquire Saba
Splunk Named a Leader for the Seventh Consecutive Time in Gartner’s 2020 Magic Quadrant for Security Information and Event Management
My Place Realty Chooses Yardi to Optimize Operations
SAP and Swiss Re Continue to Co-Innovate Finance Transformation to Meet New Accounting Standards
TIBCO Named a Leader in Gartner’s 2020 Magic Quadrant for Master Data Management Solutions for Fourth Consecutive Time
Oracle Cloud Applications Achieves FedRAMP Moderate Authorization
Independent Research Firm Names SAP a Leader in Data Management for Analytics
InterSystems Announces Enhanced Open Source Availability for InterSystems iKnow Technology
Centra Health Delivers Superior Patient Care with Oracle Cloud Applications
Oracle Announces Oracle Cloud Data Science Platform
Saba Recognized as a Strategic Leader in Fosway 9-Grid™ for Learning Systems for Sixth Consecutive Year
JDA Software Announces Company Name Change to Blue Yonder
Equinix Taps Oracle Exadata to Help Power Global Interconnection Platform
LapuLapu Leisure Goes Digital with Resort and Casino Project

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  BizJobs.com





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)