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Equity out of business for six days: Inefficiency redefined?
sihingwa
#11 Posted : Thursday, November 18, 2010 9:48:49 AM
Rank: Member

Joined: 9/29/2010
Posts: 216
Location: Kenia
Wonder what Simonkabz and Obiero are fighting about. The link was actually given business daily http://www.businessdaily...-/11ne46uz/-/index.html

We are all meant to stick to the debate, not personalities
yekeyeke
#12 Posted : Thursday, November 18, 2010 9:58:16 AM
Rank: Member

Joined: 6/4/2008
Posts: 345
Everybody. Pls cool down. Its a fact that equity has had some systems challenges and they upgraded their hardware platform by buying some huge and fast IBM servers. (Pls see IBM servers and their capabilities on www.ibm.com)

When they were switching their applications from the old to the new servers, as would be expectd there were issues. KCB, Stanchat, NBK etc have also had these server shitch over probelms in the past.

What happened was not convinient to all, but now that it is done and every one is able to transact, lets move on. The good thing for me is that ATMs will now be up 99.99% of the time.

All those who would like to leave the bank are welcome to do so at a time of their convinience, but i would very much like to know exctky which bank they will go to. Where will they find convinient products like M-Kesho and iko -pesa?
Will this be pesa pap?
mozenrat
#13 Posted : Thursday, November 18, 2010 10:25:53 AM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
@yekeyeke... Sorry to do this but this is my pet peeve..

Convenience not convinience. Convenient not convinient.
simonkabz
#14 Posted : Thursday, November 18, 2010 10:43:52 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Coop bank iko juu. Thanks to EB, its no longer crowded. EB has played its part in revolutionizing the sector, but the young men n women in their banking halls have 4gotten the long n treacherous journey taken by the bank. Great growth pegged on the backs of angry frustrated customers. Im concerned.
TULIA.........UFUNZWE!
Gordon Gekko
#15 Posted : Thursday, November 18, 2010 10:57:27 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Separate investments decisions from other decisions. Service wise, costs, perception put together makes me hate Equity, Kenol, SCB. But I hold a total of just under 40% of my portfolio in these three stocks, because they have made me cash and will make me more cash. Hate the goose, but love the golden eggs it lays.
Mauricio
#16 Posted : Saturday, January 22, 2011 10:24:31 AM
Rank: New-farer

Joined: 1/20/2011
Posts: 3
Location: CA
The financial landscape will look vastly different as increasing regulation and government intervention drive restructuring and new business models.
jasonhill
#17 Posted : Sunday, January 23, 2011 5:51:43 AM
Rank: Member

Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
This is totally unacceptable in financial services and banking to have any systems outage longer than about an hour or two total PER YEAR. I personally built such systems at one of the largest banks in the US, and our Service Level Agreement was 99.999% uptime, and anything less was not tolerated. We ran IBM servers (as well as HP). The hardware is not the issue. It's the implementation and management of the systems that cause such outages.

I guess I know who my first IT consulting prospect will be when I land in Nairobi.
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