Saturday 24 July 2021

Demica seals global platform partnership with SABB, Microsoft

RIYADH, November 17, 2020

Demica, one of the largest independent providers of working capital solutions, has announced that it has deployed its platform into Saudi Arabia through a private cloud deployment onto a Microsoft Azure Stack.
In partnership with Saudi British Bank (SABB), Microsoft and Edarat Group Demica deployed a primary and DR solution, migrating the solution from its European data centres to ensure compliance with local data processing regulations. 
In conjunction with its partners, Demica procured, delivered, installed and configured the Azure Stack within two data centres in Riyadh and Jeddah, effectively deploying the first production Azure stack solution in the kingdom. 
The private cloud Azure Stack is now available to all clients with a strict requirement for the hosting of cloud-based trade finance solutions within Saudi Arabia.
Demica initially partnered with SABB in 2018, providing its market leading supply chain finance solution to the largest trade finance bank in the kingdom.
Chief Technology Officer Kishore Patel said: "Demica is delighted to support SABB in their objective to combine full compliance with local data processing regulations with all the advantages offered by the Demica platform."
Microsoft Arabia’s One Commercial Partner (OCP) lead Wael Elsenoussi said organisations in Saudi Arabia are undergoing massive digital transformation fueled mainly by cloud and artificial intelligence. 
"These technologies are helping businesses and society reach new heights and achieve more. Together with Demica and Edarat Group, we are working towards the same goals: innovate and deliver new solutions that can help customers capitalize on digital transformation to grow their businesses," he stated. 
The expertise of Edarat Group in providing Microsoft’s Azure Stack services, along with the business relevance of Demica’s trade financing solution helps us deliver true value for our customers. 
“We are proud of our partnership with Demica and Edarat Group, in leveraging Microsoft’s technology to bring a cloud-ready trade financing solution for SABB hosted within the Kingdom” he added.


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