Kenya’s Equity Bank has announced the upgrade of its core banking storage systems to the latest enterprise of IBM storage, allowing overdraft applications at ATMs.
The DS8800 storage systems will cater for increased storage and processing requirements.
James Mwangi, Equity Bank managing director, said: “We are pleased to inform you that following this enhancement, our 8.4 million customers can now apply for overdraft facilities from our ATMs upon going through the normal appraisal process.
“This follows a successful pilot test of this service with over 1.4 million customers who have been accessing this service through our ATMs.”
With high speed fibre channel storage of 288TB (terabytes), the upgrade will enable the bank to handle the growing number of transactions.
The DS8800 delivers up to three times performance improvement for faster transaction processing and real-time analytics
The bank also announced the installation of IBM’s latest Power 7 Systems at their data centres to power analytics.
“This enhancements makes our data storage and processing capability the best and most robust in this region,” Mwangi added.
“We believe that this enhancement will offer our customers an exceptional experience in accessing credit facilities faster, easily and more conveniently through our ATMs. We are committed to continue innovating ways of ensuring that you enjoy the freedom of modern banking by deploying cutting edge technology.”
