QFIB to develop Qatar’s first private cloud infrastructure.
Qatar First Investment Bank (QFIB) will be developing a private cloud infrastructure in partnership with Microsoft Gulf, to upgrade QFIB’s core IT infrastructure.
Once completed the private cloud model will be the first of its kind in Qatar’s financial sector. According to recent reports by Gartner, an IT research firm, 44 percent of chief information officers (CIO) working in the financial services industry expect more than half of their transactions will be supported through cloud infrastructure by 2015.
Explaining the technical aspects of the project, Mahmood Shaker, CIO at QFIB said, “We are confident that this project will reshape our IT infrastructure. By leveraging the private cloud capabilities, QFIB will introduce automation which will save on banking technologies and datacentres expansion costs, improve IT service availability and enhance