1. News
February 29, 2024

Alinma Bank selects IBM to launch modern banking applications suite

The engagement with IBM will offer a new platform to Alinma Bank, which will give the bank’s customers greater access to various advanced digital solutions while improving the latter’s digital transformation initiatives

Saudi Arabia-based Alinma Bank has chosen IBM to launch an extensive portfolio of modern banking applications to expedite the speed and convenience of customer experience.

The engagement with IBM will offer Alinma Bank a new platform to give the bank’s customers greater access to various advanced digital solutions while improving the latter’s digital transformation initiatives.

Alinma Bank chief information officer Yasser AlOufi said: “IBM’s expertise in cutting-edge technology was a key factor in our decision.

“We’re committed to continuous improvement, and collaborating with IBM will help us achieve our ambitious goals.”

According to IBM, the new platform links existing systems with new offerings by leveraging advanced artificial intelligence (AI) and IBM’s hybrid cloud approach to present seamless integration.

It also includes IBM Cloud Pak for Integration built on Red Hat OpenShift and IBM API Connect, which enable Alinma Bank to handle and secure proprietary application programming interfaces (APIs).

IBM technology is expected to deliver improved capabilities to Alinma Bank in developing user-friendly, innovative, banking applications for Saudi consumers.

Besides, IBM’s integration technology facilitates Alinma Bank to develop its own API management platform. This allows the bank to centralise control over its API integrations apart from achieving high performance and security standards.

IBM Saudi Arabia general manager Fahad Alanazi said: “Our work with Alinma Bank solidifies our commitment to serve as a partner to the Kingdom’s success in-line with Vision 2030.

“We aim to play a leading role in driving the country’s digital transformation, empowering our clients and partners to improve the quality of their products and services and fulfil their full potential.”

Last week, IBM joined forces with Egypt-based bank FABMisr to deploy its Cloud Pak solutions to help with the bank’s digital transformation journey.