United Arab Emirates’ oldest private bank will now be able to accelerate digital transformation – engaging customers, empowering employees, optimising operations and reinventing products and services
18 December, 2019 Dubai, United Arab Emirates – Mashreq Bank today announced their migration to the intelligent Microsoft Cloud to scale productivity and boost collaboration. The bank will now be able to accelerate digital transformation by better engaging customers, empowering employees, optimising operations and reinventing products and services.
The intelligent cloud is the most secured, controlled and contains a comprehensive suite of tools that deliver actionable business intelligence.” said Sandeep Chouhan, Group Head of Operations & Technology, Mashreq. “FSI entities, in particular, thrive on the information nuggets hidden beneath their vast data lakes. And as more customers are digital natives, we will need all the advantages available to stay ahead of the curve. Our migration to the Microsoft intelligent cloud, will empower us with the right digital tools while meeting our security data-residency and compliance needs.”
In moving to Microsoft’s UAE cloud locations, Mashreq will be able to more effectively manage critical workloads such as network, core and security services, as well as tightening authentication and authorisation, and delivering DevOps, AI and Advanced Analytics capabilities- further accelerating their digital transformation endeavours. In addition, its infrastructure and costs management will be simplified, and upgrade paths will be more easily implemented.
“Mashreq is amongst the most progressive bank, introducing various innovations to the nation’s banking sphere.” said Sayed Hashish, General Manager, Microsoft UAE. “Our partnership with Mashreq will accelerate their digital transformation journey by leveraging the capabilities of the intelligent cloud. Now FSI leaders like Mashreq can migrate with confidence and trust, empowering them to achieve more.”
Leveraging Microsoft’s recently launched datacenters in the UAE, Mashreq will be amongst the first financial institutions in the country to migrate to the intelligent cloud, both on premise and on public cloud. The Microsoft Azure cloud is serving major digitalized businesses across the Middle East, as they seek to better engage their customers, empower employees, optimise operations and reinvent products and services.