Financial Sector

Introduction

Banks, microfinance institutions and money transfer companies are just some of the businesses within the financial sector that have specific needs and connectivity requirements. SatADSL offers secure and custom-made solutions to overcome these challenges, particularly in rural areas.

As banks and other financial institutions look to expand their presence and increase their clientele, improving their offerings in remote and rural areas is key. However, ground infrastructure is often limited which creates significant challenges, preventing banks from offering reliable and cost-effective solutions for the services they provide, such as ATMs.

To meet these challenges, SatADSL offers a turnkey solution to securely connect remote branches, including agents and ATMs, ensuring they can process vital transactions easily.

Benefits

Security

Transactions are securely processed using an Internet Protocol Security (IPSec), Virtual Private Network (VPN) or a web application with SSL/HTTPS protocols. SatADSL can also provide other VPN options or design other types of secure networks. SatADSL’s ATM support service can easily handle end-to-end VPN configurations, even with several satellite jumps.

Prioritization

Financial transactions can be prioritized by SatADSL by reserving a pre-determined amount of bandwidth for high-priority traffic. This configuration ensures that financial transactions can always be processed, regardless of the level of network congestion.

Cost-Effective

SatADSL’s solutions ensure low Capital Expenditure (CapEx) and Operational Expenditure (OpEx), especially when compared to traditional local radio-based solutions.

Reliable

Utilization of Adaptive Modulation and Coding (AMC) technology mitigates any potential interference and rain fade from adverse weather conditions, providing exceptional reliability.

Scalable

Once the configuration of a designed solution has been site tested, quick deployment is guaranteed no matter where the destination.

Management

The operator has comprehensive real-time visibility of all satellite connections of the network.

Applications

Financial Institutions

Challenge

Banks want to expand the range and availability of their services through a network of ATMs across large, remote areas. However, doing so is a challenging task, particularly in rural areas in Africa where connectivity is limited or simply non-existent.

Solution

SatADSL designed a tailor-made solution with the support of the European Space Agency (ESA) that is easy to deploy, extremely reliable and comes at an affordable price per month. By creating a VPN tunnel for prioritized and secure transactions in real-time, SatADSL enables financial institutions to create a network even in the most remote and rural areas.

A VPN guarantees secure ATM transactions using IPSec, while SatADSL handles end-to-end configurations.

Case study

EcoBank, the largest bank in Africa, chose the solution for deploying a network of ATMs across Ghana. The transmission route was Accra to Luxembourg via an ASTRA 4A satellite link, then Luxembourg to Accra via the optical fiber, followed by Accra to Paris via a C-band NSS10 satellite link, and finally Paris to Cairo. It was established during tests that a secure connection was made between an ATM terminal to the bank’s headquarters in Accra, to the headquarters in Paris before reaching the server in Cairo.

SatADSL used an IPSec, VPN with IPv4 Layer 3 Tunnelling Protocol (L3TP) to address potential security issues of authentication, integrity and confidentiality, while Ecobank’s own VPN ensured end-to-end security.

Money Transfer Companies

Challenge

Money transfer companies need to digitalize their daily activities to improve service quality, increase employee productivity and sustain growth. This process is typically hampered by a lack of affordable Internet solutions in remote and rural areas.

Solution

SatADSL designed an affordable solution that enabled branches of money transfer companies in remote areas to execute transactions securely and in real-time. The transactions are securely processed using a web application with SSL/HTTPS protocols to offer unparalleled latency.

Case study

When the leading money transfer company in Cameroon, Express Union, wanted to launch a low-cost service for domestic transactions, SatADSL was there to help.

Express Union faced connectivity challenges due to the unreliable terrestrial network. The traditional VSAT system was reliable but too expensive for cost-effective deployment. SatADSL’s solution aimed to overcome these issues to enabled branches of Express Union to securely and affordable transfer money through wire transfers in more than one hundred branches in Cameroon.

Microfinance Institutions

Challenge

With limited financial resources, microfinance institutions still need to offer national coverage. This poses a major constraint, as satellite connectivity is the ideal solution in remote and rural areas. Even in suburban areas covered by cellular operators, satellite connectivity is still indispensable due to the congestion of the terrestrial network during the daytime. While data volumes of microfinance institutions are typically low, stable connectivity and maximum security are imperative.

Solution

SatADSL offers affordable solutions for microfinance institutions to provide reliable satellite connectivity that guarantees secure transactions. Past clients include institutions in the Congo, Ghana, Mali and Cameroon.

Testimonials