e-finance expands its cloud computing services in Egypt with IBM

e-finance, Egypt’s national developer of digital payment infrastructures, announced a partnership with IBM to expand its digital payment services and enable clients to securely make payments across hybrid cloud environments.

Through this collaboration, e-finance will be able to upgrade its current infrastructure as a service (IaaS) and streamline business processes to improve performance.

Many e-finance offerings, including electronic payment systems, government POS management systems, card management and electronic payment system for “Khales,” and others, are currently running on IBM Power10 servers.

Hossam El Gouly, CEO of e-finance stated that: “As we accelerate into the future of fintech, we need the most advanced technology to underpin our ongoing digital transformation efforts to support our public and private sector clients and provide them with the best-in-class services. We are happy to collaborate with IBM and take pride in offering hybrid cloud services in Egypt in our continued efforts to fast-track digital transformation and deliver an industry-standard customer experience”.

The IBM Power E1080 servers, designed to help clients operate in a secure, frictionless hybrid cloud experience across their IT infrastructure, will enable e-finance to deliver end-to-end encryption, scale business-critical applications, and accommodate high-performance transactional workloads via its flexible and secure infrastructure offering.

With clients’ renewed emphasis on improving sustainability, IBM Power10 E1080 servers deliver 33% lower energy consumption for the same workload when compared to the previous Power E980 generation, and 52% lower energy consumption when compared to the previous generation of Power E880C servers, maximizing reliability in a sustainable manner.

“As financial organizations progress on their modernization journeys, they need an approach that allows various cloud-based applications to work in concert. IBM infrastructure enables a hybrid cloud approach that offers the needed flexibility, resiliency and sustainability for e-finance to cater to their clients’ demands and accelerate their ongoing digital transformation journey” said Marwa Abbas, General Manager, IBM Egypt.

IBM will also provide e-finance with IBM FlashSystems and IBM Software-Defined Storage (SDS) as part of the collaboration, introducing streamlined administration and operational complexity across on-premises, hybrid cloud, virtualized, and containerized environments. e-finance will be able to host its customers’ data and workloads more efficiently by providing advanced compression features that will allow data to be stored on significantly fewer desks than traditional modules, reducing its data centers and floor space footprints by up to 40% and its energy consumption by 50%.