In a bid to strengthen Uganda’s digital financial backbone, Equity Bank Uganda has transferred all customer data of its customers from Nairobi to Raxio, a multi billion and most secure Data Centre in Namanve Industrial Park.
This markes a major milestone in the Bank’s 17-year journey of “transforming lives” through technology-driven banking.
Raxio Data Centre, will serve as a critical local infrastructure hub designed to deliver faster, more secure, and highly reliable banking services across the country.
By localizing key systems, the Bank aims to reduce redundancy, accelerate transaction processing, and ensure uninterrupted services even during internet disruptions.
The development strengthens Equity’s capacity to serve retail customers. micro, small and medium enterprises (MSMEs), corporates, and public institutions that increasingly rely on real-time digital finance.
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Equity Bank’s Chief Executive officer Claver Serumaga Equity says Ugandans and other Equity Bank customers are now going to experience real time service delivery since all of their Data is now managed locally in Uganda
This will power platforms such as Equity Online for Business, the Bank’s integrated enterprise solution for payments, collections, trade finance, foreign exchange, and treasury operations, enabling companies to operate more efficiently in a fast-moving economy
The investment forms part of the Africa Recovery and Resilience Plan (ARRP) spearheaded by Equity Group Holdings, a KShs 700 billion
