QIB opens new data centre
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 01 December 2008
Qatar Islamic Bank (QIB) has completed a major upgrade to its data centre, as part of an ongoing project to overhaul all of its IT by 2010.
The new data centre was officially opened by Sheikh Abdullah Bin Saoud Al-Thani, Governor of the Qatar Central Bank (QCB) at QIB’s Doha headquarters.
The IT upgrade is intended to allow QIB to launch new services, improve communications and improve reliability of all of its services in Qatar. The data centre will manage many of the banks systems, including core banking, online banking, treasury, ATMs, HR, commercial services, as well as includes security and safety applications including CCTV.
Speaking at the inauguration, Sheikh Abdullah Bin Saoud Al-Thani said: “QCB is glad about this development since we are aware that Qatari banks should be fully updated and prepared in relation to technology. We are certain our banks comply with the most recent standards regarding Information Technology systems which we deem necessary, as these systems now constitute a major element in developed banking services.
“QCB is keen for all banks operating in Qatar to have efficient, hi-tech systems to execute their work, such as electronic clearance, credit ceilings, money collection, customer data and bank transfers. In addition, the new system acts to provide and promote a strong communication environment locally and with international banks,” he added.
The bank’s upgrade program includes a complete internal and external restructure of its networking infrastructure, and the bank has also rolled out an EMC Symmetrix DMX-4 storage system to handle all of its data management requirements.
“Developing the bank's technology is one of our strategic priorities, especially since these systems comprise such a vital element of managing banking institutions,” said Sheikh Jassim Bin Hamad Bin Jassim Bin Jabor Al-Thani, QIB chairman.
“We have improved our banking technologies in order to secure a developed Information Technology environment that will allow QIB to present new electronic banking services, form an even more solid IT foundation, link our branches network, and provide hi-tech communications solutions with local and global banks,” he added.
The bank’s IT overhaul includes 30 projects, which the bank says is now 70% complete. Among the future projects are certifying for the ISO 27001 data security standard, plans to virtualize the environment and a move from a temporary disaster recovery site to a dedicated off site centre.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST TECHNOLOGY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST TECHNOLOGY
LATEST MIDDLE EAST BUSINESS NEWS
- Politics & Economics: European bank shares plunge on Dubai debt concerns
- Politics & Economics: Moody's cuts Dubai GRI ratings amid debt delay
- Politics & Economics: Job losses seen slowing in UAE - StanChart
- Transportation: Abu Dhabi transport chiefs give Eid gift to motorists
- Banking & Finance: Cost of insuring Dubai's debt rises further
SHARE PRICE CHECK
RELATED STORIES
EMC Corporation
- Be our guest
22 Nov '09 | Features - Virtual reality
16 Nov '09 | Features - Full capacity
13 Sep '09 | Features
Qatar Central Bank
- Qatar bank lending falls $4.2bn in Q1 - report
5 Jul '09 | News - Qatar bonds earn Aa2 rating from Moody's
4 Apr '09 | News - Qatar's economy tipped to grow 9% this year
25 Mar '09 | News
Qatar Islamic Bank
- Qatar Islamic Bank reports $51.44m Q3 profits
14 Oct '09 | News - QIB not exposed to Saudi Saad, Algosaibi Groups
18 Aug '09 | News - Qatar Islamic Bank launches Global Sukuk Plus Fund
26 Apr '09 | News




