Dell Technologies and Alinma Bank have signed a Memorandum of Understanding (MoU) aimed at enhancing the bank’s digital transformation efforts in Saudi Arabia. The agreement, signed by Mohammed Talaat, VP for KSA & Egypt at Dell Technologies, and Yaser Alofi, Chief Information Officer at Alinma Bank, took place during the 24 Fintech Summit in Riyadh. This partnership represents a pivotal advancement in the Shariah-compliant bank’s strategy for digital transformation.
The agreement establishes a cooperative framework for both parties to work together on creating and implementing advanced data center transformation solutions. This encompasses Dell’s IT infrastructure and workload migration offerings, the Dell AI Factory models and frameworks, improvements in cybersecurity, and flexible delivery of client, edge, and multi-cloud solutions via Dell APEX.
Dell APEX offers a comprehensive range of as-a-service and subscription options, allowing customers to pay solely for what they use. This approach enables businesses to adjust their resources as needed while streamlining IT management. With Dell APEX, customers benefit from reliable performance, predictable expenses, and immediate access to Dell’s infrastructure and services.
Mohammed Talaat, VP, KSA & Egypt at Dell Technologies said, “The Saudi banking sector is at a pivotal stage of growth spurred by technological advancements and an increased focus on innovation. We are happy to contribute to this evolution and support Alinma Bank in its digital transformation journey. 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.”
Yaser Alofi, Chief Information Officer (CIO) at Alinma Bank said, “We are excited to deepen our relationship with Dell and leverage their expertise in delivering cutting-edge technology solutions. This collaboration aligns perfectly with our long-term growth strategy and our commitment to raising benchmarks and setting new standards for the financial industry.”