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Friday, November 15, 2024
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First Abu Dhabi bank to partner with IBM

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key point:

  • As part of modernizing FAB’s digital infrastructure, FAB and IBM Consulting are collaborating to move more applications to the cloud.
  • FAB and IBM Consulting will conduct a discovery and assessment exercise to determine the best way to migrate the application to the cloud environment.
  • The collaboration aims to optimize FAB’s technology infrastructure using a hybrid multi-cloud strategy, resulting in improved cost efficiencies, increased productivity and opportunities for innovation.
  • IBM will leverage its Delivery Curator framework, a schema-driven accelerator, for the end-to-end cloud migration process.
  • FAB aims to provide a seamless digital experience for all customer segments, efficiently develop new digital products, and reduce its data center footprint.

First Abu Dhabi Bank (FAB) and IBM Consulting have teamed up to accelerate the migration of applications to the cloud, marking a major milestone in the modernization of First Abu Dhabi Bank’s (FAB) digital infrastructure. Working together, FAB and IBM Consulting will conduct a comprehensive discovery and assessment exercise to determine the most effective way to migrate applications to the cloud environment. By leveraging a hybrid multi-cloud strategy, FAB aims to optimize its technology infrastructure, increase cost efficiency, increase productivity, and unlock opportunities for innovation.

IBM will leverage its industry-based Delivery Curator framework, a pattern-driven accelerator designed to facilitate the entire cloud migration process from initial discovery to final implementation.

Srinivasan Sampath, Chief Technology Officer, FAB Agency Group, expressed his enthusiasm for the collaboration, saying:

“We are proud to be well on our way on our digital transformation journey, poised for further agility and growth. FAB is further strengthening its collaboration with IBM Consulting to facilitate our cloud migration plan, allowing us to continue to Deliver a seamless digital experience across all customer segments, develop new digital products in an agile manner, and reduce our data center footprint.”

Liaquat Parkar, Managing Partner, IBM Consulting In the MEA region, IBM’s role in helping financial services firms modernize their products and transition to a hybrid cloud environment was highlighted.as UAE’s financial services landscape continues to evolve, digital transformation plans gain momentum, banks are accelerating their digitization efforts. Parkar expressed excitement about the future partnership with FAB, emphasizing its contribution to the bank’s ambitious cloud transformation journey.

Today’s announcement represents a continuation of ongoing work to support FAB’s digital transformation and enhance its digital platform in a hybrid cloud environment, ultimately delivering a seamless digital experience to the bank’s customers. The partnership with IBM Consulting strengthens FAB’s position as it strives to remain at the forefront of technological advancements in the banking industry.

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