FNB NAMIBIA
the rights to do its own development on its core banking system from Hogan , a company that creates high performance banking software . This allows FNB to drive innovative solutions and deliver these solutions to the market quicker .
“ In the past , our core banking system was hosted and run from our parent group in FNB South Africa ,” says Garth Kleintjes CIO of FNB Namibia . “ But in 2009 we localised this , which means we now host all infrastructure and run the day to day operations of this in country this has allowed for growth and new opportunities in the Technology space .
“ Being part of a bigger Group that embraces innovation has allowed us to leverage this , and through strong partnerships we can ensure new products and technologies are quickly adopted or tailored for our in-country needs . This will , in turn , help us to be a market leader in delivering cutting edge solutions .”
Shifting away from challenges While FNB is Namibia ’ s biggest bank
The Maltas Club at Namibia ’ s 7th Can Run , in support of cancer awareness .
with the greatest market share , the industry is extremely competitive . With a population of just over 2.5mn , Kandjiriomuini cites three major rivals as Bank Windhoek , Standard Bank and NedBank Namibia , and there are also a number of smaller banks that are currently establishing their footprint .
“ It ’ s an attractive market ,” he says . “ We do have economic challenges like the rest of the world , but are
192 September 2017