Though experts said that tier 3 standard prescriptions for banks was good, they however noted that it was difficult for any bank or telecommunications operator to meet that standard presently in the country.
The adoption timeline is contained in a report conducted for CBN by Accenture on IT standard for banks obtained exclusively by Nigeria CommunicationsWeek.
The report was based on respondents of 15 banks which included: Access, Citibank, Diamond, FCMB, First Bank, GTB, Keystone, Skye Bank, Stanbic IBTC, Standard Chartered, Sterling, UBA, Union, MainStreet and Wema Bank.
On the scope of adoption, the report stated that ‘this standard shall be applicable to all banks and external (managed) service providers in the financial services industry.
All data centre infrastructure and facilities for the Nigerian FS industry shall satisfy the requirement for tier three’.
Data centre is an information technology infrastructure that houses servers and other storage facilities which are used by banks, among others for their core business processes.
James Agada, managing director, Computer Warehouse Group plc, said that the specifications of tier 3 data centre is too big and not realistic for banks to adopt.
He however, advocated outsourcing which he said some banks have already adopted. This allows banks to host their servers and other storage facilities at data centre of third party operator mostly telecommunications operators that have what it takes to run a data centre effectively.
He cautioned that such outsourcing model for data centres should not be driven by regulatory fiat but economic value for it not to go the way of Independent ATM Deployers (IAD), which did not bring any economic value that led to the collapse of their business model.
“In order not to have the same experience, outsourcing business model for data centre should be driven by economic value of the model to banks for it to succeed,” he stated
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