Wednesday 26 December 2012

BIZ BRIEF: Myanmar Central Bank modernizes with Japanese cloud network

Daiwa Institute of Research Ltd., Fujitsu Ltd. and KDDI Corp. said Dec. 25 they have built an online computer system for the Central Bank of Myanmar and that, in doing so, they have created the country's first cloud data-storage environment.

The companies said the new system was designed to improve efficiency at the bank, where many operations have traditionally been performed by hand.

Myanmar is currently trying to modernize its financial sector by creating institutions such as a stock exchange.

"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," the companies said in a statement.

The project partners said they contributed in the following ways: Daiwa Institute of Research designed and built the cloud platform and desktop terminal environment; Fujitsu provided hardware; and KDDI designed and built the bank's local-area network.

source: THE ASAHI SHIMBUN                      
http://ajw.asahi.com/article/economy/biz_briefs/AJ201212260052

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