Teraco takes aim at financial sector
Teraco, a vendor-neutral data centre colocation operator, has launched a secure data centre facility specifically aimed at financial institutions.
FinVault enables institutions to connect easily and quickly to their customers, reducing costs, improving latency, and ultimately getting greater traction out of their online apps.
FinVault also offers additional security surveillance for each suite if required, while biometric cabinets are optionally available.
Teraco MD, Lex van Wyk said that the company is providing guaranteed, uninterrupted power, offering 99.999% uptime in client service level agreements as a standard.
“This is vitally important in order to guarantee no loss in revenue due to down time or a shortage of power,” he said.
Teraco offers financial clients access to an industry ecosystem, giving them direct access to key institutions like the Johannesburg Stock Exchange with an achieved latency of 1ms.
“In most institutions, each branch access applications from centralised datacenters. This means that transactions made are reflected immediately on the banks’ servers and the customer can transact further from any of the banks’ branches throughout the world,” van Wyk said.
“It is even broader than just online services, because of the proximity to almost all South Africa’s Internet Service Providers (ISPs), banks and financial services institutions, [it] can now offer a multitude of offerings to their clients, including connectivity, VOIP, video and more, for a fraction of the expected interconnect price.”
Farren Roper, head of connect ISP and business operations at FNB Connect highlighted that peering is critical to electronic banking and to the ISP services which FNB Connect provides.
“Having a vendor neutral policy will be important to the strategy of financial institutions in South Africa in cost effectively distribution of applications, which is fast becoming necessary for our customers, now and more so in the future,” he said.
Van Wyk said further that Finvault customers will also have access to the many carriers, ISPs and other service providers already live in the data centre which will support the sector further with their connectivity and infrastructural needs.
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