Masraf Al Rayan signs MoU with Google Cloud to drive banking innovation, data-driven solutions
Under the terms of the MoU, Masraf Al Rayan and Google Cloud will work collaboratively to explore opportunities to utilise Google Cloud services, including AI technology, to empower the bank in its journey towards becoming a data-driven institution
This collaboration marks a significant step towards enhancing Masraf Al Rayan’s capabilities in leveraging cutting-edge technology to drive business growth and provide innovative products and services to its customers.
Under the terms of the MoU, Masraf Al Rayan and Google Cloud will work collaboratively to explore opportunities to utilise Google Cloud services, including AI technology, to empower the bank in its journey towards becoming a data-driven institution.
Additionally, the agreement will focus on leveraging Google Cloud services to foster a culture of innovation within the bank’s Innovation Lab.
“We are pleased to sign a memorandum of understanding with Google Cloud,” said Fahad bin Abdulla al-Khalifa, Group CEO, Masraf Al Rayan.
“This agreement underscores our commitment to harnessing the power of technology to drive innovation and deliver exceptional value to our customers. By leveraging Google Cloud’s advanced services and expertise, we aim to accelerate our journey towards becoming a data-driven bank and further strengthen our position as a leader in the industry.”
“Digital transformation requires technology that helps businesses solve complex challenges unique to their industry,” said Ghassan Kosta, regional general manager, Google Cloud. “In today’s fast-paced world, collaboration is the fuel that propels financial services forward. By utilising Google Cloud’s leading technologies, Masraf Al Rayan will be able to provide new tools that tackle complex challenges, accelerate innovation, and ultimately deliver more value to customers.”
