Press release

Emirates NBD Transforms its Digital Banking with Red Hat-Based Cloud, Winning 2019 Red Hat Innovation Award

businesswire,
0
Sponsored by Businesswire

Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source
solutions, today announced that Emirates NBD, a leading banking group in
the United Arab Emirates (UAE), has built a distributed private cloud
platform with Red Hat’s hybrid cloud and application programming
interface (API) technologies as part of its digital transformation
strategy. Its platform provides a common foundation and access to
cloud-native services for internal teams, improving integration,
collaboration and speed of development. The Red Hat-based cloud helps
enable Emirates NBD to better keep pace with its competition, to make
banking more available, and to more dynamically offer modern,
personalized services to customers. Emirates NBD received recognition
for its innovative cloud platform as a winner in the 2019 Red
Hat Innovation Awards, which recognize creative thinking,
problem-solving and innovative uses of Red Hat technology.

The award win recognizes Emirates NBD Group’s stated goal to become a
global digital leader in banking and deliver first-to-market innovations
through its ongoing digital transformation journey. In 2017, the bank
set out to enhance the capabilities of its end-to-end technology
platforms including IT architecture, infrastructure, security and data.
One of its key pillars was establishing a distributed private
cloud platform, using technology similar to cloud-native companies
while being able to meet required standards of security and resiliency.
Using Red Hat OpenShift Container Platform, the industry’s most
comprehensive enterprise
Kubernetes platform, and Red Hat 3scale API Management, Emirates NBD
was able to establish a more secure and scalable private cloud platform
with the flexibility to accommodate a future hybrid
cloud model. With a common foundation and access to cloud-native
services, the platform empowers greater collaboration across the banking
group’s internal teams and with third party partners.

Emirates NBD’s private cloud platform provides infrastructure, data and
other resources for end-to-end development—from provisioning to
production—through an as-a-Service model to groups throughout the bank.
Group-wide data storage and access are consolidated on the platform to
enable real-time customer intelligence. Red Hat Enterprise Linux
provides a standardized infrastructure foundation for Emirates NBD
across its hybrid environment of physical servers, virtual machines
(VMs), and containers. The bank supports its application programming
interfaces in the platform using Red Hat 3scale API Management to make
APIs available to its partners and other third parties while helping
mitigate security risks and protect sensitive data.

With support for more secure, open API sharing, Emirates NBD launched a
developer portal allowing it to more easily integrate and collaborate
with FinTechs, government institutions, technology partners and regional
institutions.

Emirates NBD has implemented a continuous integration and delivery
(CI/CD) pipeline, supported by automated testing, compiling, and
transfer of code and containers – all with Red Hat OpenShift Container
Platform. The bank runs more than 1,000 containers and more than 500
APIs on its platform with average adoption of the platform increasing
20-30% per month.

Combining Red Hat technologies with agile methods such as iterative
development and DevOps, Emirates NBD can focus on innovation rather than
operational tasks. It can more efficiently launch new applications and
features, with its developers now able to provision and allocate
resources in days, rather than the months it previously took. As an
example, the bank did a proof of concept for WhatsApp banking in three
days that previously would have taken at least six months.

Emirates NBD states that it plans to transition 95% of its 300+
applications onto its private cloud by 2020.

Supporting Quotes

Abdulla Qassem, Group Chief Operating Officer, Emirates NBD
“Establishing
a distributed private cloud platform is a key milestone in our
transformation project, enabling us to adapt to evolving customer and
market needs while continuing to offer the same service quality. We
wanted the flexibility and efficiency of cloud-native stacks while being
able to meet regulatory constraints, and Red Hat was the right choice
for us to be aligned with open source innovation in cloud-native stacks
such as Kubernetes and containers, combined with the security and
stability of an enterprise solution. We have seen our relationship with
Red Hat mature to a close collaboration as they understand where our
business is going, and we want to continue to work with them to enhance
our use of their products as we expand to hybrid cloud.”

Ashesh Badani, senior vice president, Cloud Platforms, Red Hat
“Emirates
NBD is leading the way in transforming its infrastructure and its
organization, taking advantage of innovative technologies and agile
collaborative working methods to be able to keep pace with changing
expectations from customers and the market. We are happy to support
Emirates NBD in its strategic evolution to an innovation-focused,
always-on bank, unlocking greater value for customers.”

Additional Resources

Connect with Red Hat

About Red Hat, Inc.

Red
Hat is the world’s leading provider of enterprise open source
software solutions, using a community-powered approach to deliver
reliable and high-performing Linux, hybrid cloud, container, and
Kubernetes technologies. Red Hat helps customers integrate new and
existing IT applications, develop cloud-native applications, standardize
on our industry-leading operating system, and automate, secure, and
manage complex environments. Award-winning
support, training, and consulting services make Red Hat a trusted
adviser to the Fortune 500. As a strategic partner to cloud
providers, system integrators, application vendors, customers, and open
source communities, Red Hat can help organizations prepare for the
digital future.

Forward-Looking Statements

Certain statements contained in this press release may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to
any historical or current fact. Actual results may differ materially
from those indicated by such forward-looking statements as a result of
various important factors, including: risks related to our pending
merger with International Business Machines Corporation, the ability of
the Company to compete effectively; the ability to deliver and stimulate
demand for new products and technological innovations on a timely basis;
delays or reductions in information technology spending; the integration
of acquisitions and the ability to market successfully acquired
technologies and products; risks related to errors or defects in our
offerings and third-party products upon which our offerings depend;
risks related to the security of our offerings and other data security
vulnerabilities; fluctuations in exchange rates; changes in and a
dependence on key personnel; the effects of industry consolidation;
uncertainty and adverse results in litigation and related settlements;
the inability to adequately protect Company intellectual property and
the potential for infringement or breach of license claims of or
relating to third party intellectual property; the ability to meet
financial and operational challenges encountered in our international
operations; and ineffective management of, and control over, the
Company’s growth and international operations, as well as other factors
contained in our most recent Annual Report on Form 10-K (copies of which
may be accessed through the Securities and Exchange Commission’s website
at www.sec.gov),
including those found therein under the captions “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations”. In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general
factors including (without limitation) general industry and market
conditions and growth rates, economic and political conditions,
governmental and public policy changes and the impact of natural
disasters such as earthquakes and floods. The forward-looking statements
included in this press release represent the Company’s views as of the
date of this press release and these views could change. However, while
the Company may elect to update these forward-looking statements at some
point in the future, the Company specifically disclaims any obligation
to do so. These forward-looking statements should not be relied upon as
representing the Company’s views as of any date subsequent to the date
of this press release.

Red Hat, the Red Hat logo, Red Hat Enterprise Linux, and OpenShift
are trademarks or registered trademarks of Red Hat, Inc. or its
subsidiaries in the U.S. and other countries. Linux® is the registered
trademark of Linus Torvalds in the U.S. and other countries.