Saudi Arabia-based Arab National Bank has signed on US-based open source solutions provider Red Hat, Inc., for the latter’s open hybrid cloud technologies.
Arab National Bank will be looking to boost its capabilities in digital banking, open finance and customer engagement using Red Hat’s platforms, a statement from Red Hat said. The bank is looking to build cloud-native applications and Banking-as-a-Service (BaaS) offerings using APIs and a micro services-based integration layer from Red Hat.
Arab National Bank has the Kubernetes container platform Red Hat OpenShift deployed on its private cloud infrastructure, with several micro services-based applications running in production.
The bank is also using the Red Hat JBoss Enterprise Application Platform to host Java and Jakarta EE applications.
“Financial services firms are looking to open hybrid cloud solutions to help them more easily address customer expectations for convenience, speed and engagement.
At the same time, opening up digital banking products and services with open APIs presents an opportunity for deeper, more creative ecosystem collaboration and a way to drive internal business synergies and efficiencies,”
said Ali Al Shami, country manager, Saudi Arabia and Bahrain, at Red Hat.
“Embracing digital banking as part of a more open, integrated ecosystem is a fundamental mindset shift with regard to business model development.
At Arab National Bank, we are proud of the advancements we have made in the Saudi market as one of the first banks to adopt private cloud containers and DevOps delivery models for open APIs,”
said Aiedh M. Al-Zahrani, COO of the Saudi bank.
Featured image: Red Hat
