Revolutionizing Egypt's oldest bank with Cloud Computing

This week, OMS won an award for their role in a different kind of Egyptian revolution, one that took place in its oldest commercial bank. Of 3,000 global entrants, the Egyptian software company was named 2012 Microsoft Country Partner of the Year for Egypt for its creation of new cloud-based solutions for the National Bank of Egypt.

For the 114-year-old bank, the oldest in Egypt, it was a much-needed overhaul of its existing IT infrastructure that allowed for faster testing, more centralized management, quicker deployment, and lower costs. Microsoft's award is a nod to what is now one of the largest private cloud-based systems in the entire region, says founder and CEO Ahmed Kabeel. "This has set a benchmark for us."

Cloud-based systems may now be in demand in Egypt, but the trend is global. "90% of Fortune 500 companies are shifting to cloud solutions, which allow banks to focus on their core business and lower costs," says Kabeel, by paying a monthly fee instead of investing heavily in hardware infrastructure.