Bank of Namibia
Founded Year
1990About Bank of Namibia
Bank of Namibia supports economic growth and development and acts as the financial advisor and banker to the government. It promotes price stability, manages reserves and currency, ensures a sound financial system, and conducts economic research. Bank of Namibia was founded in 1990 and is based in Windhoek, Namibia.
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Latest Bank of Namibia News
Mar 14, 2023
News Provided By Share This Article SQL Power is proud to announce the successful rollout of their supervisory platform, the SQL Power Suite, on February 23, 2023, at the Bank of Namibia (BON). The project has been a resounding success and an exemplary collaboration between a client that knows exactly what they want and a vendor that is committed to customer success” — Sam Selim - President & CEO of SQL Power TORONTO, ON, CANADA, March 14, 2023 / EINPresswire.com / -- SQL Power , the global leader in financial regulatory and advanced analytics technology is proud to announce the successful rollout of their supervisory platform, the SQL Power Suite, on February 23, 2023, at the Bank of Namibia (BON). BON selected SQL Power’s highly-configurable platform to automate every aspect of the Bank's supervisory processes, providing an efficient and transparent regulatory system with enhanced data collection and analytics capabilities. Effectively delivering a mission-critical solution that aligns with the Bank’s digital transformation strategy, unifying decentralized operations and streamlining important and complex regulatory functions in three supervisory departments, namely Banking Supervision, Payment and Settlement Systems, and Exchange Control. SQL Power provided BON with weekly access to project deliverables and encouraged early feedback while welcoming changes throughout the development phase resulting in a successful deployment within 12 months of requirement gathering. According to BON, the solution provides early warning indicators of potential distress in a supervised banking institution. This provides the automatic flagging of defined indicators of distress in regulated entities upon submission of relevant and timely data to the Bank. This capability is instrumental in effective supervision and safeguarding any banking institution's ability to mitigate any risks to the soundness and stability of the institution. "The hallmark of a successful and futuristic organisation is one that maintains its core and continually re-invents itself by transitioning into the new and delivering value to stakeholders meaningfully.” said the Bank’s Governor, Mr. Johannes !Gawaxab when describing the success of the initiative, “We believe that by lowering the cost of compliance, as the system does, the customers of our banking institutions will benefit from a more agile and collaborative financial sector that provides quality, affordable, and inclusive services." “The project has been a resounding success and an exemplary collaboration between a client that knows exactly what they want and a vendor that is committed to customer success,” said SQL Power’s CEO, Sam Selim. ABOUT SQL POWER Founded in 1989, SQL Power Group Inc. is a global application software firm specializing in data collection, data migration, business intelligence, and financial regulatory implementations. SQL Power is at the forefront of regulatory software innovation - rolling out the world's first fully-integrated XBRL-based data collection, risk management, case management, and advanced analytics solution in 2009. The platform integrates easily with existing regulators’ legacy systems and evolves seamlessly alongside changes to Global Financial Standards and customer needs. Bojana Nikolic
Bank of Namibia Frequently Asked Questions (FAQ)
When was Bank of Namibia founded?
Bank of Namibia was founded in 1990.
Where is Bank of Namibia's headquarters?
Bank of Namibia's headquarters is located at 71 Robert Mugabe Avenue, Windhoek.
Who are Bank of Namibia's competitors?
Competitors of Bank of Namibia include Asoko Insight and 4 more.
Compare Bank of Namibia to Competitors
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Asoko Insight provides corporate information and market intelligence on African growth markets. By providing data and analysis on African companies, Asoko is building a business intelligence platform that will make available intelligent and regularly updated information for regional and global corporations, investors, and governments looking to engage with African companies.
Central Bank of Kuwait (CBK) is a centralized national bank offering a strict currency system on behalf of the state of Kuwait. It acts as the deciding body for the role of the monetary and financial policy and regulates the Kuwaiti stock market with the Kuwait Stock Exchange, the Ministry of Commerce and Industry, and the Ministry of Finance. It was founded in 1969 and is based in Kuwait City, Kuwait.
European Bank for Reconstruction and Development is a financial institution. It provides project financing for banks, industries, and businesses across various sectors, including agribusiness, infrastructure, and transport. The bank was founded in 1991 and is based in London, U.K.
International Institute for Applied Systems Analysis (IIASA) is a scientific research institute that conducts research on the global environment. It conducts policy-oriented interdisciplinary research into issues too large or complex to be solved by a single country or academic discipline. It advances systems analysis and applies its research methods to identify policy solutions to reduce human footprints, enhance the resilience of natural and socioeconomic systems, and help achieve sustainable development goals. Its research includes pressing concerns that affect the future of humanity, such as climate change, energy security, population aging, and sustainable development. Its results of research and the expertise of its researchers are made available to policymakers in countries around the world to help them produce effective policies that enable them to face these challenges. It was founded in 1972 and is based in Laxenburg, Austria.
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