– VMware Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility, has recently signed an agreement with Meezan Bank, Pakistan’s first and largest Islamic bank to modernize the bank’s IT infrastructure across 571 branches in 146 cities of Pakistan. The agreement allows Meezan Bank to be expand into larger market segments and meet its growing business demands through IT.
Under the agreement, Meezan Bank can tap on VMware’s industry leading platforms to build and deliver IT solutions. With the modernized IT infrastructure enabled by a suite of VMware solutions including VMware vSphere® with Operations Management™, VMware vCloud Suite® and VMware Site Recovery Manager™, the bank aims to increase the performance and efficiency of the IT resources through virtualization, speed up the delivery of solutions via private clouds, and strengthen the availability and mobility of critical applications.
“This is just one of the many steps Meezan Bank will be taking to play its part to support the State Bank of Pakistan’s efforts to make Pakistan’s financial sector a digital leader in the decade ahead and to maintain Pakistan’s position as a mobile-first nation”, said Mr. Faizur Rehman, Head of Information Technology and Digital Banking, Meezan Bank.
The partnership with VMware also means that the Bank is now able to scale rapidly based on demand and significantly reduce its operational and ownership costs. With VMware’s consumer simple yet enterprise secure solutions, Meezan Bank’s modernized IT infrastructure allows the bank to respond faster to customer needs while elevating the security and reliability of its services across all 571 branches.
“Meezan Bank is a key stakeholder in Pakistan’s commendable journey of digital transformation. The bank recognizes how IT is able to not only create tangible business benefits, but new business opportunities as well”, said Mr. Adrian Hia, General Manager, Nascent Markets & Vietnam, VMware.