Mashreq Bank switches to EMC Symmetrix VMAX
New enterprise storage platform to help bank manage growing data volumes
The UAE's Mashreq Bank has turned to EMC Symmetrix VMAX solutions to handle its growing storage requirements.
The bank was seeing its data grow by 30% each year as it increases its retail presence across the region including Egypt, Qatar, Kuwait, and Bahrain, and was struggling to scale its storage infrastructure and control costs.
The bank has now consolidated its IT infrastructure onto EMC Symmetrix VMAX enterprise storage, delivering a range of benefits, including 30% better storage utilisation, 15% better performance of the data centre infrastructure, greater automation of stoage and better scalability.
"At Mashreq, we are proud to be at the forefront of technological innovation in the financial services sector, simplifying the way IT is adopted, managed and consumed and enabling us to provide better services - faster - to our customers. Our work with EMC has already demonstrated significant improvements in performance and our total cost of ownership, and EMC will be a critical partner in the future as we pursue our vision of using Cloud-based technologies to improve our processes and enhance our customers' experience," said Richard Hughes, Head of Infrastructure, Mashreq.
Said Akar, South Gulf district manager, EMC, commented: "EMC's main objective is to help Mashreq significantly increase business agility, lower costs and achieve better management. EMC is pleased to collaborate with Mashreq and we are committed to working with them to support their long-term vision of using the latest technologies to innovate and break new ground in the financial industry."