To build a thriving fintech future, cloud computing is at the core of the ongoing digital transformation. In a recent development, e-finance has teamed with IBM to broaden its digital payment services and offer its customers access to hybrid cloud environments for safe payment processing.

As part of this collaboration, e-finance is using the latest IBM Power servers to upgrade its existing infrastructure as a service (IaaS).

A number of e-finance products, such as e-payment systems, government POS management systems, card management, and electronic payment systems, are already running on IBM Power10 servers.

“As we accelerate into the future of fintech, we need the most advanced technology to underpin our ongoing digital transformation efforts to support our public and private sector clients and provide them with the best-in-class services. We are happy to collaborate with IBM and take pride in offering hybrid cloud services in Egypt in our continued efforts to fast-track digital transformation and deliver an industry-standard customer experience,” said Hossam El Gouly, CEO of E-finance.

IBM will also offer e-finance IBM FlashSystems and IBM Software-Defined Storage (SDS), allowing data to be kept on fewer desks than conventional modules.

As a result, e-finance will be able to host its customers’ data and workloads more effectively while consuming up to 50% less energy and using up to 40% less space in its data centers.

“As financial organizations progress on their modernization journeys, they need an approach that allows various cloud-based applications to work in concert,” said Marwa Abbas, General Manager at IBM Egypt.

Fast Company’s World Changing Ideas comes to the Middle East on 23 November 2022. Click here to know more.