Ashur International Bank Partners with Nutanix to Lead Digital Banking Revolution in Iraq

Ashur Bank, a subsidiary of Al Handal International Group, has recently embarked on a groundbreaking partnership with Nutanix and RedHat, two prominent names in the technology industry. This collaboration aims to revolutionize the banking sector by introducing cutting-edge digital solutions and streamlining operations.

By teaming up with Nutanix, a leading provider of cloud computing solutions, and RedHat, the foremost enterprise open-source solutions provider, Ashur Bank seeks to achieve significant reductions in operational overheads. Moreover, the partnership facilitates the rapid digitalization of processes, including 24/7 self-service options, workflow automation, and the integration of AI-powered applications such as robo-advisors and smart payments with voice biometrics and natural language processing.

A key highlight of this initiative is the fast-track deployment of innovative cloud-native applications at scale, leveraging RedHat OpenShift on Nutanix infrastructure. Bashar Al-Otaibi, Head of Digital Transformation at Ashur Bank, emphasized the transformative nature of this collaboration, stating, "We aren’t just creating impactful new digital services for our customers; we are actively setting new benchmarks for the BFSI segment in Iraq."

The success of this partnership extends beyond national borders, with plans to replicate the model in another bank in Turkiye, Asir Bank, which is also a subsidiary of Al Handal International Group. This move underscores the group's commitment to driving digital innovation across diverse markets. With a focus on standardizing technologies from market-leading vendors, Ashur Bank aims to set high standards that inspire peers in the country to aspire towards similar levels of excellence in the banking and financial services industry.