PHOTO
Kuwait City, Kuwait
- Gulf Bank modernizes its infrastructure through all flash and active- active infrastructure using Dell Technologies’ VPLEX to ensure round the clock availability of data and applications
- This project aims to increase performance and simplify overall data management in line with their efforts to embrace data-driven banking
- Gulf Bank also deploys data protection solutions utilizing latest Dell Technologies’ solutions to effectively store, protect and recover data
Gulf Bank, one of the leading financial institutions in Kuwait, today announced their strategic agreement with Dell Technologies for a digitally transformative project. Taking significant steps towards sustaining business continuity and scalable data mobility, the bank will leverage industry-leading storage management and data protection solutions by Dell Technologies, to ensure maximum return on their investment.
This collaboration was announced at the Dell Technologies Forum held at Jumeirah Messilah’ Beach Hotel in Kuwait. Themed ‘Make it Real’, this one-day free event brought together Dell Technologies’ seven technology powerhouses together, to help organizations in Kuwait accelerate national and business transformation initiatives with speed and purpose.
Kuwait’s strategic Vision 2035 centres on transforming the country into a world class financial hub, with the private sector leading economic activities, fostering competitiveness, and creating an enabling business environment. With this primary goal at the heart of their transformative efforts, Gulf Bank aims to be at the frontlines of emerging industry innovation and embrace data-driven banking – which is evolving as a key driver of operational and competitive differentiation.
To this end, Gulf Bank planned to modernize their IT infrastructure with a robust and flexible data management backbone that can effectively store and protect the growing volume of data from multiple sources. Therefore, this project with Dell Technologies is divided into two critical parts – data management and backup.
To realize efficient data management, continuous data availability, seamless mobility and accelerate data centre modernization, Gulf Bank will leverage Dell Technologies VPLEX and RecoverPoint solutions. These solutions are purpose-built to ensure operational agility and flexibility to match IT infrastructure to the speed of changing business needs. In addition, VPLEX and RecoverPoint will help Gulf Bank expand their operations across 3 data centres in the future.
To comply with offshore data regulations set by Central Bank of Kuwait (CBK) and manage operational overhead costs for storing long term retention data on tapes, Gulf Bank has opted to deploy Data Domain and Deduplication technology to speed backups and reduce costs. These market-leading solutions by Dell Technologies will also help the bank to save valuable floor space, simplify operations, improve disaster recovery, reduce backup and recovery risks and importantly, enable a tapeless environment.
With this agreement, Gulf Bank alongside Dell Technologies aims to empower their business and propel their transformation journey to offer maximum value to their customers. Thereby making a concerted effort to support and help Kuwait realize its ambitious vision to become an economic powerhouse.
Customer Quote(s):
Dr. Waleed Al-Hasawi, General Manager of Information Technology at Gulf Bank
“To win today’s market and ensure business sustainability, it is critical that financial institutions change their direction and elevate their pace of business innovation. Keeping this in mind, we at Gulf Bank wanted to set our foundation for the new digital era. To do this, our first step was to choose a trusted partner who could not only help us imagine our IT environment, but also help us as an organization to ensure effective outcomes. And, we hope our partnership with Dell Technologies enables us achieve this vision.”
Executive quote(s):
Havier Haddad, General Manager – Gulf at Dell Technologies
“It is always great to see established organizations look at technology as a platform to uncover the answers of tomorrow. Therefore, we are pleased to be a part of the transformation journey embarked by Gulf Bank. Their vision to modernize and simplify data management to unlock new enterprise capabilities and offer more value to their customer, is something we advocate completely. We look forward to helping Gulf Bank build a benchmark by being fully committed to investing our expertise in this relationship.”
About Gulf Bank
Gulf Bank is one of the leading conventional banks in Kuwait with total assets of KD 6 billion for year ended 31 December 2018. The Bank provides a broad offering of consumer banking, wholesale banking, treasury, and financial services through its large network of 58 branches and more than 200 ATMs in Kuwait.
The Bank was founded in 1960 and is listed on the Kuwait Stock Exchange (Boursa Kuwait) since 1984.
The Bank is currently ranked 'A' by the four leading international credit rating agencies:
Long Term Rating
Outlook
Moody’s
A3
Positive
S&P Global Ratings
A-
Stable
Fitch Ratings
A+
Stable
CI Capital Intelligence
A-
Stable
Gulf Bank is strongly committed to giving back to Kuwait and society through its corporate social responsibility program. The Bank supports numerous events focusing on youth, education, health and fitness, helping the underprivileged, women's empowerment, as well as promoting Kuwait's heritage and culture.
About Dell Technologies
Dell Technologies is a unique family of businesses that provides the essential infrastructure for organizations to build their digital future, transform IT and protect their most important asset, information. The company services customers of all sizes across 180 countries – ranging from 99 percent of the Fortune 500 to individual consumers – with the industry’s most comprehensive and innovative portfolio from the edge to the core to the cloud.
CONTACT:
Audrey Fernandes
+971 522 168 962
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