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K-Rep Bank has set up a data center that will ensure continuity and back up of transactions in compliance with the Central Bank of Kenya's regulations.
The CBK issued the directive in January after many bank transactions were disrupted by post-election violence.
K-Rep, one of the smallest banks in the country, invested 70 million Kenyan shillings (US$1 million) to comply with the business continuity regulations.
The key feature of the data system is backup and disaster recovery. In case of system failure, the data from the first system is replicated in a secondary data system, said K-Rep managing director Kimanthi Mutua.
The data center will enable real-time processing of transactions online, a service now offered by many banks locally. The new system will incorporate VoIP (voice over Internet Protocol), which will significantly reduce the bank's overhead costs.
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