Yes Davis, I think its important to address this from these perspectives: 1. We have way to many people who will have their financial systems compromised under such circumstances. In recent times there has been a lot of market instability and honestly speaking KCB has been the one to bring back confidence to the sector when Banks have been seen to fail (not considering also how many customers they serve all the way to mashinani with their very huge network of Banks). 2. Investor confidence when investing in businesses that use local Banks. Its only been 3 years and so much has happened, and as I stated KCB has been seen to be the one offering the base of support. People have lost money, businesses have lost access to capital, etc etc. (Imperial, Chase, Rafiki, etc). So as one is a people issue, the other is an investor and business owner issue. When the base Banking sector is not solid where will the appetite for taking business risks be if the foundation which manages financial assets keeps on getting compromised? This chain effect is on a huge scale and can damage a lot else in the economy. Considering this is a single vendor who can pull this off can really put the economy's stability in question. And we have elections already next door (already investors will be skeptical). Lets see how it unfolds though... On Fri, Mar 31, 2017 at 3:36 PM, Davis Onsakia <mautidavis@gmail.com> wrote:
+1 Ahmed
The worst position you can find yourself in is being held a hostage by a vendor.
Such risks should be noted pretty earlier and nipped in the bud.
On Fri, 31 Mar 2017 at 3:16 PM Ahmed Mohamed Maawy via kictanet < kictanet@lists.kictanet.or.ke> wrote:
I think this issue needs a proper investigation before we jump into conclusions.
I find it rather surprising that there was no exit strategy option visible - which hints to a high degree of vendor lockin without a termination roadmap (for a Bank that manages a huge chunk of our country's financial sector).
I think before we jump into conclusions there are many moving parts that need to be looked at, such as how it was possible to have to be held hostage by a single vendor in the process for a very important bank in the banking sector (which also happens to handle other banks in receivership).
On Thu, Mar 30, 2017 at 11:06 PM, Ronald Ojino via kictanet < kictanet@lists.kictanet.or.ke> wrote:
Interesting hmmm...however, it would be of great importance to know the basis of the ruling...was it informed by any local act..which specific clause?
On 30-Mar-2017 10:10 PM, "Ali Hussein via kictanet" < kictanet@lists.kictanet.or.ke> wrote:
Indeed. Not sure how this can be justified. The bottle line is that we all must respect IP.
Ali Hussein +254 0713 601113 <+254%20713%20601113>
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On Thu, Mar 30, 2017 at 5:39 PM +0300, "Ngigi Waithaka" <ngigi@at.co.ke> wrote:
Ali,
That ruling is a bit interesting... You uninstall and yet are banned from either developing or sourcing for a replacement!
On 30 Mar 2017 10:13 a.m., "Ali Hussein via kictanet" < kictanet@lists.kictanet.or.ke> wrote:
Listers
Interesting development. Potential precedence setting.
The High Court has stopped KCB Group from using a banking IT platform following a multi-million-shilling lawsuit where the lender is accused of software piracy.
Nagalakshmi Solutions Ltd (NLS) obtained orders stopping KCB from using its banking software after the lender continued using it despite terminating the five-year contract in November.
Judge Fred Ochieng also ordered KCB, Kenya’s largest bank by assets, to uninstall the software that works together with its core banking application and barred the listed lender from developing a similar IT application.
Read on:-
http://www.businessdailyafrica.com/corporate/KCB-cited-for- software-piracy/539550-3870220-b7e92lz/
*Ali Hussein* *Principal* *Hussein & Associates* +254 0713 601113 <+254%20713%20601113>
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- *Ahmed Maawy* Principal Product Management Specialist - Al Jazeera Media Network Skype: ultimateprogramer _______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet Twitter: http://twitter.com/kictanet Facebook: https://www.facebook.com/KICTANet/
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Best Regards, Davis M Onsakia "One doesn't discover new lands without consenting to lose sight of the shore for a very long time."
-- *Ahmed Maawy* Principal Product Management Specialist - Al Jazeera Media Network Skype: ultimateprogramer