Ratio Magazine :: The Inside Track to East Africa’s Economies - Kenya: Press Releases: HP and Chase Bank Sign USD400,000 Systems Contract

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Kenya: Press Releases: HP and Chase Bank Sign USD400,000 Systems Contract

Friday, 18 November 2011

Nairobi, 16 November 2011 --- Global Integrated IT solutions provider Hewlett Packard (HP) today signed a USD400,000 (KES37m) systems contract with Chase Bank.

The bank, which is undergoing technological advancement in its core banking systems, will benefit from having various reliability, availability and serviceability (RAS) features to sustain its sixteen branches located in strategic urban and peri-urban centers within the country.

Chase Bank CEO Duncan Kabui said: “The systems enhancement is necessary to compliment the bank’s continuous growth in customer base. The bank will continue to leverage on technology to ensure we provide our customers with innovative and timely solutions and products.”

HP will offer the world’s first mission critical converged infrastructure, Blade Scale Architecture, a hardware solution to effectively run the bank’s core banking Software providing it with a flexible foundation for its IT functions.

HP East Africa Managing Director Ken Mbwaya said: “HP is offering enterprises a solution for tomorrow’s business which is converged infrastructure”. He added that the solution will seek to align business demands and revolutionise operations.

The solution has unified blade architecture from x86 to HP superdome allowing consolidation of applications on a common platform. It also delivers Flexfabric which is a virtual fabric that enables enterprises to flexibly scale resources to any workload.

Furthermore it delivers always-on resiliency that is backed by over 100 innovations for business continuity. It also has Matrix Operating Environment which offers a common management platform that helps to provision infrastructure for applications in minutes.

Chase Bank, which offers products and services for SMEs, corporates, institutions and individuals, will further seek to revamp operations in the institution to ensure their esteemed customers’ demands are catered to.

Chase Bank recently reported a 74% increase in profit after tax from KES266m in the same period last year to KES465m this year. The Bank has been on an aggressive expansion strategy and is opening an additional six branches this month in Windsor, Embakasi, Diamond Plaza, Upper Hill, Nyali and Malindi, to reach 20 branches at the end of November 2011.

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