Intelligent CIO Africa Issue 12 | Page 57

CASE STUDY The business challenge BankservAfrica has a proud heritage as the trusted utility to enable the distribution of wealth and currency in a thriving, vibrant and diverse nation. South Africa’s National Payment System (NPS) is widely acknowledged as one of the most efficient and effective in the world. Banks must now consistently deliver positive customer experiences across both digital and traditional channels, and add value in new ways, to increase customer retention and strengthen their customer relationships. Often, technology can help. To maintain the reliability and robustness of the NPS, BankservAfrica invested in state of the art data centres and disaster recovery (DR) strategies. The goal was real ABOUT BANKSERVAFRICA BankservAfrica is the largest automated clearing house (ACH) and payment system operator in Africa. BankservAfrica processes billions of transactions each year for 23 banks and their 27 million customers, while maintaining the safety and security of South Africa’s National Payment System. BankservAfrica was established in 1972 and is based in Johannesburg. “Organisations the world over must contend with changing customer requirements that see an expectation of continuous availability. Institutions that resist digital transformation will ultimately be punished by customers, financial markets and to some degree regulators. This is even more so the case when it comes to the financial services industry that has embraced mobility and is offering users solutions that service their needs irrespective of location. That’s why we’re seeing financial institutions and banks move quickly to embrace digital,” said Claude Schuck, Regional Manager for Africa at Veeam. CHALLENGE The payment landscape has changed rapidly in recent years. Countries around the world are working hard to improve and modernise their payment systems, including South Africa. The country’s payment system plays a pivotal role in the financial health of the economy. Modernising the payment system required BankservAfrica to evolve the way it protects data. Backup and recovery was slow, proving at times to be challenging to ensure data availability 24.7.365. SOLUTION “Payments and transactions are our lifeblood,” said Hamman Ferreira, Chief Technology Officer at BankservAfrica, “So we understand the need for modernisation in the payment landscape. We are constantly striving to safeguard against disaster.” Modernising the payment landscape required BankservAfrica to modernise the way it protects data. At the time, the backup and recovery processes on some of its legacy systems were slow, resulting in the organisation being unable to meet recovery point objectives (RPO) in service level agreements (SLAs) with customers. • Veeam Backup & Replication RESULTS • Delivers 24/7/365 availability of banking data • Meets customer SLAs readily VEEAM DELIVERS A LEVEL OF VALUE THAT COMPETING SOLUTIONS WERE UNABLE TO MEET; BOTH MONETARILY AND PEACE OF MIND. time, continuous payment processing to ensure that participating banks can provide service to their customers 24.7.365. Making sure its services were always available was a key differentiator for the financial institution, and would transform the experiences of its customers. www.intelligentcio.com “Our backup technology required updating to meet the ongoing demands of the ever- evolving payments industry and alignment with new technologies. This also ensures that backup, recovery and testing is enhanced. Additionally, that we successfully protect and guarantee the data at all times.” Ferreira said. Ferreira said rapidly growing data (30% per year) added to ensuring that systems were enhanced to meet capacity and SLAs. He added: “Mobile banking and the need for real time data analytics have grown dramatically in popularity, which are some of the main reasons behind our data growth.” Sub-Saharan Africa countries, including South Africa, have recorded the largest growth of mobile bank accounts being opened globally, according to Moody’s Investor Service. Approximately 12% of adults had mobile bank accounts in 2015, compared to 2% globally. “Up until recently, cash was king, but that has changed substantially as mobile devices and INTELLIGENTCIO 57