Customer Stories
Customer Name: Bank of Uganda
Industry: Finance / Banking
Business Problem:
Commercial Impact:
Partner: Reliance Infosystems
Reliance Infosystems Limited secured the contract of the central bank of Uganda (BoU), a key player in the financial technology sector. The deal is significant for Reliance’s reputation, strategic importance, market validation, revenue potential, and long-term partnership. BoU’s endorsement of Reliance’s capabilities and solutions aligns with its objectives to expand its presence in the financial services industry. The Electronic Money Data Replication System (EMDRS) project, provides consulting, implementation, and support services, and also generated revenue. The partnership will pave the way for ongoing collaboration and mutual growth.
The key problem that Bank of Uganda (BoU) wanted to solve was to establish an Electronic Money Data Replication Service (EMDRS) that would enable real-time data aggregation, analysis, and monitoring of electronic money transactions while ensuring data security, regulatory compliance, scalability, and reliability. This solution would empower BoU to fulfill its regulatory responsibilities effectively and maintain the stability and integrity of Uganda’s financial system.