8 October 2024, Tue |
2:23 AM
Dell Technologies and Alinma Bank have signed a Memorandum of Understanding (MoU) to fast-track the bank’s digital transformation initiatives. The agreement, finalized at the 24th Fintech Summit in Riyadh, was signed by Mohammed Talaat, Vice President for KSA & Egypt at Dell Technologies, and Yaser Alofi, Chief Information Officer (CIO) at Alinma Bank.
This MoU represents a significant milestone in Alinma Bank’s digital transformation strategy, as both parties will collaborate to develop and deliver innovative solutions for data center transformation. The partnership will focus on Dell’s IT infrastructure, workload migration solutions, AI Factory models and frameworks, enhanced cybersecurity, and client, edge, and multicloud solutions—all provided with flexibility through Dell APEX.
Dell APEX, an end-to-end portfolio of as-a-Service and subscription services, enables customers to pay for only what they consume, while scaling resources as needed. It simplifies IT management with consistent performance, predictable costs, and on-demand access to Dell’s infrastructure and services.
Alinma Bank, established in 2006, is known for its customer-centric approach and pioneering digital banking solutions. This collaboration with Dell marks a new chapter in the bank’s efforts to stay at the forefront of technological innovation.
Speaking on the partnership, Mohammed Talaat said, “The Saudi banking sector is at a pivotal stage of growth, driven by technological advancements and a focus on innovation. We are proud to support Alinma Bank on this journey by providing scalable, cutting-edge solutions that meet their evolving needs and deliver greater value to their customers.”
Yaser Alofi, CIO of Alinma Bank, added, “We are excited to deepen our collaboration with Dell, aligning perfectly with our long-term growth strategy. This partnership underscores our commitment to setting new standards in the financial industry through innovative technology solutions.”
This partnership is expected to significantly enhance Alinma Bank’s digital capabilities, positioning it as a leader in the Saudi financial sector’s ongoing transformation.
