Raxio supporting Ethiopia’s financial services industry

Raxio Ethiopia, the nation’s first hyperscale ready Tier III carrier neutral data centre, hosted Executives of Ethiopian financial institutions to discuss business and technology challenges and share solutions from which the financial sector can benefit.

The event provided in-depth insights to help financial institutions leverage technology and digital infrastructure provided by the Raxio Ethiopia’s data centre to improve service delivery and position themselves to play an instrumental role in the growing digital economy in Ethiopia.

Today, financial services institutions rely on data centres to provide a stable and reliable environment to host their mission critical infrastructure. With the rapidly increasing demand for digital services driven by increased e-commerce penetration, digital payments, data driven business models, and the push for data sovereignty, Raxio will provide the much needed stable ecosystem to support this growing need. The executive briefing offered participants from the banking, insurance and fintech sectors a deep look into how outsourcing data centre services to Raxio can allow enterprises to focus on their core business from both a financial perspective and also an operational perspective. For the financial services sector, the management of data centre infrastructure is far removed from their core services and by outsourcing these services, enterprises can repurpose capital expenditure to their core business and deliver a richer customer experience. From an operating expenditure perspective, Raxio will leverage its economies of scale to provide a more cost effective solution by passing through cost savings to its customers.