17 Jan 2022
INTERNATIONAL SECURITIES 1st BROKERAGE IN UAE TO COMPLETE CLOUD TRANSFORMATION
TECHNOLOGY
International Securities the first brokerage firm in UAE to complete their Cloud transformation.
International Securities, the UAE’s leading stock market and investment brokerage and subsidiary of International Holding Company, has become the first brokerage firm in the UAE market to be completely transformed into the Cloud thanks to CNS. The project has been delivered completely by CNS who will continue the partnership to manage the entire Cloud platform.
CNS’ Cloud Migration and Managed Services platform allows businesses to avoid the expense and complexity of buying, implementing, and managing infrastructure.
With an instant, state-of-the-art computing infrastructure, clients can scale up and down on demand and achieve distinct IT outcomes with greater security, availability, and speed of delivery at lower cost – optimizing their performance.
International Securities specializes in equities and derivatives listed on the Abu Dhabi Securities Exchange, Dubai Financial Market and NASDAQ Dubai. As such, business continuity is critical. While the undertaking of this project was impressive due to its scale and complexity, what makes it most notable is the seamless and secure transition CNS achieved. A ZERO downtime and ZERO-latency promise was given. This was realized thanks to CNS’ team. Their unique capabilities supported the project from design-stage onto successful delivery and the project going live. Ayman Hamed, CEO International Securities said: “There is no doubt this is an important milestone in International Securities journey, the Cloud transformation is just a first step towards building a better and more secure journey for our clients, and the fact we were the first brokerage firm in the UAE to shift to a Cloud platform gives us an edge ahead of the competition.
CNS teams were successful in delivering the required solution without interruption in the business which gives us the confidence to continue the partnership”.
With several prominent BFSI names already in their client portfolio, the win will open the doors for the digital innovation partner to expand into a new financial sector and share their successful experience with other brokerage firms in the market.
From his end, Hatem Hariri, Managing Director, CNS Middle East said: “CNS’ long history in serving the BFSI market is very well known by the industry. We have been trusted to deliver critical technology applications and services to financial institutions for the last 20+ years. We are very proud to have completed this cutting-edge project and to be trusted by International Securities to partner with them on their digitalization journey and get their critical information seamlessly into the extremely secure environment of the Cloud”.
The solution offered to the customer consists of Azure Cloud, Digital Transformation, VDI and Managed Services.
