EFG Hermes announced a strategic cloud partnership with Microsoft to accelerate its digital transformation and enhance innovation in the financial services industry.
The partnership will enable EFG Hermes to speed up the modernisation of its information technology (IT) environment with the aim of improving customer, employee, and developer experience, according to a statement on Monday.
The two companies will work together to accelerate a secure and robust digital transformation roadmap in line with EFG Hermes’ digital strategy in a bid to create a more flexible and scalable IT environment, improved employee experience, innovative applications and services with higher developer effectiveness, and enhanced customer engagement.
“The partnership with Microsoft comes at a time where we are looking to further cement our commitment to sustainability as we invest more in cloud-based solutions that help us achieve cost-efficiency, therefore enhancing scalability as part of our drive to digital transformation,” Group Chief Operating Officer at EFG Hermes Mohamed Wakeel said.
“This collaboration will also enable us to ensure increased competitiveness, business resilience, and innovation, whether it is to expand global reach, reduce time to market, create agility, lead with customer-centricity, and make data-informed decisions,” Wakeel added.
For her part, Country Manager at Microsoft Egypt Mirna Arif said, “We are committed to providing EFG Hermes with a hyperscale, seamless, and modern digital platform that future proofs their business as they continue to manage unprecedented risks and grow rapidly with innovative business models.”
