Red Hat, provider of open-source solutions, has partnered with Bank NXT, an Egyptian retail and corporate banking solutions provider, to modernise its digital banking services.
By adopting Red Hat’s hybrid cloud technologies, Bank NXT has streamlined its operations, reducing deployment times for new digital services by 40% and increasing the frequency of updates.
Founded in 1974 and headquartered in Cairo, Bank NXT operates under the Central Bank of Egypt’s supervision, offering retail and corporate banking services. It supports SMEs and provides investment and treasury services.
To meet growing demand, Bank NXT integrated Temenos and Mindgate’s digital solutions with Red Hat’s hybrid cloud infrastructure.
Using Red Hat Enterprise Linux and Red Hat OpenShift Platform Plus, the bank reduced manual processes through Red Hat Ansible Automation Platform, improving efficiency by 30% and cutting incident resolution times by 20% with Red Hat Advanced Cluster Security.
As a result, Bank NXT has enhanced its mobile and internet banking services, improving customer experience and integrating with the Egyptian Banks Company for instant payments.
Strengthened security measures ensure compliance with industry regulations.
Adrian Pickering, Regional General Manager of MENA, Red Hat:
“Bank NXT is adapting to the evolving needs of its customers, working to provide accessible financial solutions in Egypt. We are pleased to support its efforts to accelerate development and deliver efficient services through our hybrid cloud technologies.”
Hesham Daabes, Senior Group Head for Support, Bank NXT:
“Our partnership with Red Hat has significantly improved operational efficiency, enabling us to roll out new features faster and enhance digital banking services. This collaboration helps us provide better customer experiences and drive growth.”
Featured image credit: edited from freepik
