Deployed to the Central Bank of Myanmar, cloud-enhanced operating
efficiency will contribute to development of the nation’s financial
markets
Daiwa Institute of Research Ltd. (DIR), Fujitsu Limited, and KDDI
Corporation today announced that they have collaborated to build the
Republic of the Union of Myanmar’s first cloud computing environment.
Built for the Central Bank of Myanmar, the new cloud environment is
designed to improve efficiency in the bank’s operations. It consists of a
private cloud platform designed, constructed, and operated in
compliance with the Alliance Cloud, a standardized cloud model certified
by the DIR-led Global Alliance for User-driven Cloud Computing, as well
as a desktop service that features security countermeasures.
In advance of the fast-approaching economic integration of ASEAN
nations scheduled for 2015, Myanmar, now rapidly implementing democratic
reforms, has been actively seeking to modernize its financial sector by
relaxing financial regulations, making preparations to establish a
stock exchange [1] and taking other initiatives. Under these
circumstances, operating stability at the Central Bank of Myanmar is
ever-more crucial to the country’s financial system given its pivotal
role in issuing and managing currency and implementing monetary policy.
Up until now, many aspects of the Central Bank of Myanmar’s complex
operations were being performed by hand. With the volume of the bank’s
work expected to rapidly increase in line with the country’s economic
development, handling a higher volume of paperwork was considered a
potential problem. In addition to significantly improving the bank’s
operational efficiency, the new computing environment incorporates
high-grade security levels required by government financial
institutions, and allows for the quick and stable implementation of
monetary policy measures by the central bank, thereby supporting the
sustainable growth of Myanmar’s economy.
In introducing the new computing environment, DIR was in charge of
designing and building the cloud platform and terminal environment.
Fujitsu was responsible for providing hardware equipment, such as
servers and computer terminals as well as building and delivering palm
vein authentication systems. KDDI was responsible for designing and
building the bank’s local area network. Going forward, the three
companies intend to use Japanese-level quality, highly reliable
solutions to promote the adoption of ICT within Myanmar’s finance
industry as well as among a variety of other companies, thereby
contributing to the further development of Myanmar’s economy.
Comment by Takashi Fukai, President, Daiwa Institute of Research Ltd.
For many years, DIR has been providing support for the cultivation of
Myanmar’s financial markets. In May of this year, DIR and Tokyo Stock
Exchange Group, Inc. concluded a memorandum of understanding with the
Central Bank of Myanmar to collaborate on the establishment of a
securities exchange. This new computing environment paves the way to
build an ICT infrastructure that is indispensable for the modernization
of Myanmar’s financial system and represents an important milestone
toward the establishment of a stock exchange. We are honored that this
important computing environment employs our cloud platform and uses our
desktop services. As we move ahead, DIR would like to leverage its
diverse expertise, such as its experience as a think tank in developing
financial markets and building systems. We will also be making a
significant contribution to the development of Myanmar’s financial
markets using the securities business know-how of the Daiwa Securities
Group.
Comment by Masami Yamamoto, President, Fujitsu Limited
Fujitsu is honored to participate in this project to build an ICT
environment for Myanmar’s financial markets, which will be undergoing
rapid modernization. Even prior to this project, Fujitsu has built cloud
platforms that comply with the Alliance Cloud standards, making an
array of proposals that leverage our cloud capabilities. We aim to
utilize this expertise to support the development of Japanese-level
quality cloud-based ICT resources in Myanmar and other Asian countries
to contribute to the sustainable development of society.
Comment by Takashi Tanaka, President, KDDI Corporation
For over 51 years, KDDI has had local subsidiaries in Southeast Asia
and provided solutions to support both the local companies based in the
region as well as the local subsidiaries of Japanese businesses. We want
to use that wealth of experience and expertise to help build the office
networks of companies establishing operations in Myanmar. We will also
use the KDDI Group’s ICT business experience in Southeast Asia to
contribute to the development of Myanmar while delivering services that
are equivalent in quality to the services we provide in Japan.
[1] On May 29, 2012, DIR, Tokyo Stock Exchange Group, Inc., and
the Central Bank of Myanmar concluded a memorandum of understanding
pertaining to cooperation toward establishing a stock exchange in
Myanmar.
* All company or product names mentioned herein are trademarks or
registered trademarks of their respective owners. Information provided
in this press release is accurate at time of publication and is subject
to change without advance notice.
source: WebWire
http://www.webwire.com/ViewPressRel.asp?aId=167965
No comments:
Post a Comment