Dell Technologies and Alinma Bank recently signed a memorandum of understanding (MoU) to accelerate the Saudi-based bank’s digital transformation initiatives.
Mohammed Talaat, VP, KSA & Egypt at Dell Technologies, and Yaser Alofi, chief information officer (CIO) at Alinma Bank, signed the agreement during the 24 Fintech Summit in Riyadh, marking a significant step forward in the Shariah-compliant bank’s digital transformation strategy.
“By combining our strengths, we can deliver innovative and scalable solutions that address the evolving needs of the bank while delivering even greater value to their customers,” stated Talaat.
Advancing data center transformation solutions
Under the agreement, Dell Technologies and Alinma Bank developed a collaborative framework to jointly develop and deliver innovative data center transformation solutions. This includes Dell’s IT infrastructure and workload migration solutions and the Dell AI Factory models and frameworks. The framework also includes cybersecurity enhancements, and client, edge, and multicloud solutions delivered with flexibility through Dell APEX.
Dell APEX is an end-to-end portfolio of as-a-service and subscription services where customers pay only for the services consumed. It helps customers scale resources based on their needs. Moreover, it simplifies IT management through consistent performance, predictable costs, and on-demand access to Dell’s infrastructure and services.
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Supporting banking sector’s digital transformation
Established in 2006, Alinma Bank has earned a reputation for its innovative offerings, customer-focused approach, and pioneering efforts in digital banking.
“We are excited to deepen our relationship with Dell and leverage their expertise in delivering cutting-edge technology solutions,” stated Yaser Alofi. He also noted that the collaboration with Dell aligns perfectly with the bank’s long-term growth strategy. Moreover, it supports its commitment to raising benchmarks and setting new standards for the financial industry.
For his part, Talaat added that Saudi Arabia’s banking sector is at a pivotal stage of growth amid the expansion of technological advancements and the rising focus on innovation. He also reiterated Dell’s commitment to contributing to this evolution and supporting Alinma Bank in its digital transformation journey.
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