Rajhi CFE turns to NCR for networking solution

Saudi firm Rajhi CFE uses NCR's networking solution to complete transition from providing foreign exchange services to retail banking.

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By  Vijaya George Published  December 3, 2001

Rajhi Commercial Foreign Exchange (Rajhi CFE) and NCR Corporation today announced the beginning of a major network infrastructure project, which will enable Rajhi CFE to complete its transition from providing foreign exchange services to becoming a major retail bank. Rajhi CFE, a leading retail foreign exchange service in Saudi Arabia, with over 120 branches in the Kingdom recently received approval from the Saudi Arabian Monetary Authority to become a bank.

“We are fundamentally recreating our business, changing from a provider of foreign exchange to consumers to a provider of a full set of banking services,” said Souheil Salloum, IT manager, Rajhi Commercial Foreign Exchange. “Saudi Arabia is an extremely competitive market with many strong players. We needed to create our new banking and information systems infrastructure in a very short time, but we had to be sure that they would run flawlessly from the first day we open our doors as a bank. This is why we brought in NCR… They are also a Saudi company with long experience in the particular conditions of this country, with offices wherever we need them,” he added.

NCR’s network solution is based on end-to-end Cisco networking technology that will provide multiservice connectivity between the 130 locations in the Kingdom, with high speed access for around 800 users. “Intrinsic multiservice support is an important factor in our network design, as it allows us to take multimedia traffic directly to each desktop on the network, from any point in the Kingdom to any other point, within the same office or on different sides of the country, easily and cheaply,” said Naim Yazbeck, NCR e-BIS sales manager for Saudi Arabia. “Cisco had the best solution for multiservice networking for the LAN and WAN, especially in terms of its scalability and flexibility. The flexibility of the architecture means that services can be added as and when needed – whether it’s a video conference or an interactive training video.”

The project, which was started in June 2001 was completed last month. Network analysis and probing will follow, leading to the full implementation of a comprehensive security system as the systems are readied to go live.

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