In a bid to modernize its practice and general information management and security, the Central Bank of Rwanda has unveiled a state of the art data center that centralizes key systems easing access and interconnectivity.
Key systems used at BNR such as the Rwanda integrated payments processing system (RIPPS), FINA-the system used to collect data from financial institutions and TeamMate, another system which enhances onsite inspection activities and the regional payments and settlement system (REPPS), Bloomberg and Reuters financial news services have all been backed on the system which has reportedly cost the Bank over Frw 300 million.
"As a central bank with our known responsibilities, we need to move along with the trends in ICT to ensure secure and reliable practices the more reason for investors to trust us and come to do business in Rwanda," noted BNR governor Claver Gatete.
The new data centre is, to be simply put, a centralized information centre which backs up the entire operations systems of the bank making it possible to foresee and problems for trouble shooting without having to halt bank's activities.
It's one of the innovations and ICT infrastructure that have been fully implemented under the Bank's modernization strategy which was inspired by the president after he quipped that 'you can't modernize banking without adopting advanced technology' as shared by governor Gatete.
While launching the Data centre on Friday last week, Youth and ICT minister Jean Philbert Nsegimana lauded the Bank's leadership for being forward thinking tipping the system to be a sure way for improving efficiency and troubleshooting needs.
"A stable and modern core banking system will provide BNR with tools that are in accordance with the best and most current international practices," said Minister Nsegimana.
Already, Governor Gatete assured that the institution has trained adequate IT staff from elite institutions in India, UK and within Rwanda in various certification courses such as Microsoft certifications, CISCO certifications, Oracle, project management, security and IT governance.
"We are well set. The economy is safe and that means it's safe to invest your money without any worries," assured Gatete.