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Paratus and Nedbank arrangement to deliver better banking services to clients

Paratus and Nedbank arrangement to deliver better banking services to clients

Nedbank Namibia signed an agreement with Paratus Telecom which will see the telecommunications provider deliver IT services and resume responsibility of the entire Nedbank Namibia network infrastructure, which was previously managed by Nedbank South Africa.

According to Nedbank Namibia managing director Lionel Matthews, the current arrangement will allow for synergies between the companies which will result in better banking services for its clients.

Through this deal, Nedbank will now be able to bring to its clients a wide array of innovative services riding off the 100% wholly owned private Namibian telecommunications provider. Mathews feels that this will also result in faster turn-around times for trouble shooting within the bank.

He said that, as a multinational institution, this is a huge milestone for Nedbank Namibia, to be independent from South Africa and be able to source local business solutions.

“We are committed to Namibian businesses; we are committed to helping Namibian businesses grow. If we are to deliver shareholders value we should be allowed to do what we think is right for our customers, for our local market – for our people,” said Matthews.

The relationship between Nedbank Namibia and Paratus has grown with leaps and bounds, said Managing Director of Paratus, John D’Alton.

He too, underscored that this relationship is exemplary of how Namibian companies should work together.

“It has been a learning curve for us, to fully understand the ambit of services that are required by an institution such as Nedbank. And I think we (Paratus) are very well suited to offer all services. Considering our history, we have been doing that for many years,” he said.




About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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