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Resourcery, Triversa Host Maiden Enterprise Architecture Seminar for Nigerian Banks

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‎ (‎L-r): Motayo Williams, managing director, Triversa; Judith Jone, Managing Director, ATE Enterprises, UK; Aaron Yaduma, Principal System Analyst, Central Bank of Nigeria and Andrew Ejoh, Executive Director, Resourcery Plc at the recently held Enterprise Architecture Seminar for Nigeria Banking Industry in Lagos.

 
West Africa’s foremost Information Technology Company, Resourcery Plc. in conjunction with TriVersa, its subsidiary arm played host to leading IT professionals at the first Enterprise Architecture Seminar for the Banking Industry.

The seminar with the theme ‘Enterprise Architecture Enabled Business Value’ afforded banking and IT stakeholders with the opportunity to discuss initiatives on IT standards as well as the significance of effective implementation of Enterprise Architecture (EA) in the Nigerian banking industry.

TriVersa, an Enterprise Intelligence solutions company, is a subsidiary of Resourcery PLC.

The company specialises in assisting large enterprises in architecting and implementing enterprise-wide intelligence solutions such as Analytics, Risks, Compliance and Fraud prevention.

The company also has a track record in assisting large enterprises such as Banks to mature their Enterprise architecture as well as adopt the right architecture framework to underpin their business-oriented IT strategy.

TriVersa in partnership with ATE Enterprises UK and the Central Bank of Nigeria (CBN), provided participants with vital information on adopting The Open Group Architecture Framework (TOGAF) as the de-facto EA framework for banking enterprises, the link between EA and the business of banking as well as relationships of the framework with other standards and frameworks such as ITiL, IT4IT and Zachman.

Motayo Williams, managing director, TriVersa, in his opening remark, stated that “The seminar was aimed at fostering ease of EA adoption and to promote a vision beyond regulatory compliance among the Nigerian banks. Resourcery in collaboration with TriVersa and ATE Enterprises, have carefully designed an EA Program that will ensure a unique and accelerated experience  for each of the banks if adopted”.

Aaron Yadamu, system analyst representing the Central Bank of Nigeria, in his keynote address titled ‘CBN on Enterprise Architecture Standards’, reiterated the core objective of this seminar saying “TOGAF is the most widely adopted framework for Enterprise Architecture in Nigeria and most parts of the World that provide detailed methodology/customization to meet both business and information technology needs of an organization. The Financial Industry is expected to comply with TOGAF standard as prescribed by IT Standards Council.”

Judith Jones, managing director, ATE Enterprises and a renowned advocate of TOGAF Worldwide during her presentation addressed specifically the challenges for Nigerian Banks‎ for Enterprise Architecture and ways forward.

She stressed “The value of Enterprise Architecture frameworks (i.e. TOGAF)  as an enabler for creating, maintaining and evolving future IT state; towards underpinning short and long term business needs and services”.

She also described eloquently, the benefits that are directly attributable to training, certification and mentoring on TOGAF.

In addition to the topical presentations, experiences from business organisations that have already adopted the Enterprise Architecture journey were also shared for the benefit of all.

Angela Chike-Dike, senior account manager, Banking Industry for Resourcery, in her closing remarks added that “Our responsibility as an innovative and customer-centric organisation is to provide clients with cutting edge advantages that deliver on their business objectives. We are spearheading Enterprise Architecture adoption so as to fast track the growth and development of Nigerian Banks in line with best global practices and standards.” 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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E-Business

Go Rentals Targets Nigeria in African Operations Expansion Plan

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At its annual partner results event this week, Go Rentals CEO Evan Berger announced its 2018/19 expansion plans into Africa for its Technology Rental services.

“Our pilot expansion began in 2016/2017, fuelled by a multinational client’s need to train thousands of staff on SAP throughout Africa and Southern Africa, and was missing a cost-effective hardware solution.

The key driver for selecting Go Rentals for this project was reliability and our ability to handle complex logistics for moving IT hardware,” says Berger. “Working on the continent presents many challenges in import/export, technical skills, asset tracking, contingency planning, just to name a few challenges our innovations addressed.”

2017 saw the roll-out of projects in Namibia, Zambia, Angola and Lesotho in 2017, with infrastructure projects already completed in Botswana, Swaziland, Nigeria, Botswana, Mauritius, Madagascar, DRC, Ghana and Uganda.

“Through the partnerships established in these regions, we are now expanding broader operations,” says Managing Director Clayton Heldsinger.” The expansion at this stage focuses on providing IT infrastructure for large-scale training projects, elections, and other temporary infrastructure requirements.”

Temporary infrastructure projects are largely considered infeasible in many regions due to the lack of availability of stock, challenging logistics, high costs and availability of skills.

“Unlike service delivery to an office environment, where project delays are common, the number one factor to consider in a special infrastructure project like training or an election is that the event must happen on the given day,” says Heldsinger.

“The IT costs pale in comparison to the investment the client has made in venues, human resources, travel and accommodation costs and more. Our IT has to be ready, and we know how. ”

“Using our expertise, systems and blueprint developed in South Africa, we began doing the same in other countries throughout Africa, with remarkable success,” explains Berger.

Go Rentals has a winning formula for delivering temporary projects that require challenging logistics. These include mass training infrastructure, national elections, World Cup, temporary offices, rural installations and other projects.

If your corporation has a requirement for reliable infrastructure supply, delivery and support in Africa, contact Heldsinger or Ron Keschner, Sales Director at Go Rentals.

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IBM Study Unveils Hidden Costs of Data Breach

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IBM Security has released a global study examining the full financial impact of a data breach on a company’s bottom line.

The study found that hidden costs in data breaches — e.g., lost business, negative impact on reputation and employee time spent on recovery — can be a huge factor. In a “mega breach” of 1 million or more records, one-third of the cost derived from lost business.

And the cost is on the rise; since the 2017 report, the average cost of a data breach globally has increased 6.4 percent, to $3.86 million, according to IBM. The number of mega breaches is also up — from nine in 2013 to 16 in 2017.

The study, sponsored by IBM and conducted by Ponemon Institute, also reveals that:

– Average cost of a data breach involving 1 million records is nearly $40 million.

– Estimated cost of a breach involving 50 million records is $350 million.

– Average time to detect and contain a mega breach (365 days) is 99 days longer than for a smaller-scale breach.

– In a mega breach, the greatest cost is from lost business, estimated at nearly $118 million for a breach of 50 million records.

A major factor in lost business cost is customer turnover — a recent IBM/Harris poll found that 75 percent of consumers in the U.S. say that they will not do business with companies that they do not trust to protect their data.

“The truth is there are many hidden expenses which must be taken into account, such as reputational damage, customer turnover, and operational costs,” said Wendi Whitmore, global lead for IBM X-Force incident response and intelligence services. “Knowing where the costs lie and how to reduce them can help companies invest their resources more strategically and lower the huge financial risks at stake.”

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Global Accelerex Trains Nigerian Security Agencies on Cyber Crime

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Global Accelerex Limited, a Central Bank of Nigeria-licenced Payment Terminal Service Provider and Payment Solution Service Provider, as part of its Corporate Social Responsibility Program, is set to train members of Nigeria’s Security Agencies on Cybercrime.

The event, which will hold on July 25, 2018 at Ladi Kwali Conference Center, Sheraton Hotel, Abuja, will enrich participants’ knowledge of the cyberspace and increase their versatility in dealing with on-line crime.

This collaboration, first of its kind in the e-payment industry, is borne out of the company’s desire to rid the nation of cyber criminals who continue to bring the country’s name into disrepute.

In addition to learning about cyber vulnerability, attendees will also learn about insider threats and sophisticated cyber adversaries.

The forum will host more than 30 participants including officials of the Nigerian Police, Nigerian Armed Forces, Economic and Financial Crimes Commission, Independent Corrupt Practices Commission, State Security Service, National Intelligence Agency and National Drug Law Enforcement Agency.

Others are Nigerian Security and Civil Defence Corps, Defence Intelligence Agency and Nigerian Custom Service.

“We applaud the effort of the Nigerian government in combating cybercrime and securing lives and property in the country. Global Accelerex is driven to compliment this effort to ensure that Nigeria is rid of these miscreants so that citizens can enjoy the cyberspace with the peace of mind they deserve.

It is absolutely critical that we support security operations so that Nigerians can use the internet freely, which is why this training is vital”, stated Stanley Peters, Chief Technology Officer of the company.

The National Security Adviser commends the initiative by Global Accelerex, saying that the move will definitely impact positively on the officers and the nation in general.

He added that continuous training is critical to stay ahead of criminals even as he revealed that attendees have shown a high level of enthusiasm at this unique opportunity.

Keynote speakers that will bring their experience to bear are Mr. Tahmeed Rab, Co-Founder and Managing Partner of Kaizen Solutions Group, Baltimore, USA and Mr. Peter Obadare, Co-Founder and Chief Operating Officer of Digital Encode.

Both experts are acclaimed for their ground-breaking achievements in cyber security, risk and compliance, mobile forensics, network and system consulting.

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