Abu Dhabi, UAE, November 2021: International Securities, the UAE leading stock market and investment brokerage, a subsidiary of International Holding Company, has become the first brokerage firm in the UAE market to be completely transformed into cloud. The project has been delivered completely by CNS while both organizations will continue their partnership for managing the entire cloud platform.
CNS Cloud Migration and Managed Services platform, allows businesses to avoid the expense and the 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 and optimizing their performance.
International Securities is a brokerage firm headquartered in Abu Dhabi, specializing in equities and derivatives listed on 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 in the early stages of the tender application and realized, thanks to CNS’ team for their unique capabilities to support the project from design stage into successful delivery and the project being live now.
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 toward building better and secure journey for our clients, and the fact we were the first brokage firm in the UAE to shift to cloud platform give us an edge ahead of the competition. CNS teams were successful in delivering the required solution without interruption in the business which give us 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 application and services to financial institution for the last 20 + years. We are very proud to have partnered with international securities on this critical, and sensitive technology migration to the digital world for them. 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.