Teraco, a\u00a0vendor-neutral data centre colocation operator, has\u00a0launched\u00a0a secure data centre facility specifically aimed at\u00a0financial institutions.<\/p>\n
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.<\/p>\n
FinVault also offers additional security surveillance for each suite if required, while biometric cabinets are optionally available.<\/p>\n
Teraco MD, Lex van Wyk\u00a0said that the company is providing guaranteed, uninterrupted power, offering 99.999% uptime in client service level agreements as a standard.<\/p>\n
\u201cThis is vitally important in order to guarantee no loss in revenue due to down time or a shortage of power,\u201d he said.<\/p>\n
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.<\/p>\n
\u201cIn most institutions, each branch access applications from centralised datacenters. This means that transactions made are reflected immediately on the banks\u2019 servers and the customer can transact further from any of the banks\u2019 branches throughout the world,” van Wyk said.<\/p>\n
“It is even broader than just online services, because of the proximity to almost all South Africa\u2019s 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.\u201d<\/p>\n
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.<\/p>\n
\u201cHaving 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.<\/p>\n
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.<\/p>\n
Related article<\/strong><\/p>\n Peering boosts Teraco growth<\/strong><\/a><\/p>\n Teraco\u2019s grab for a slice of the hosting pie<\/strong><\/a><\/p>\n Teraco poised for strong growth<\/a><\/strong><\/p>\n Teraco reveals 2012 capex spend<\/a><\/strong><\/p>\n