Mashreq partners Garaj cloud

KARACHI: Garaj has partnered with Mashreq Pakistan for provisioning of data center hosting services to support the bank’s ambition to revolutionise the digital banking landscape in the country, a statement said on Wednesday.

The partnership marks the convergence of cutting-edge technology and visionary strategy, aimed at delivering unparalleled digital park services hosted in Pakistan’s largest Tier-3 certified data center.

Mashreq Pakistan is a part of Mashreq which is the leading financial institution in the Middle East and North Africa region. Garaj is Pakistan's fastest-growing local cloud service provider.Through next-gen data center solutions, reliable infrastructure, business continuity, nationwide connectivity, and disaster recovery, Garaj will help Mashreq Pakistan harness the full potential of its data, unlocking new opportunities for growth and transformation. By leveraging the robust infrastructure of Jazz Digital Park, Pakistan's largest Tier-3 data center, Mashreq Pakistan will be able to scale its digital banking operations in the country in compliance with the Digital Regulatory Framework issued by the State Bank of Pakistan.

Mashreq is actively progressing towards acquiring a restricted license from the State Bank of Pakistan to initiate pilot digital retail banking operations in Pakistan.

Mohamed Abdel Razek, Group Head of Technology, Transformation & Information, Mashreq, said, “We are thrilled to partner with Garaj to address our data hosting and cybersecurity requirements. As we embark on this collaboration, we eagerly anticipate harnessing Garaj's expertise to not only navigate but also contribute to Pakistan's rapidly evolving digital banking landscape.”

Commenting on the partnership, Muhammad Hamayun Sajjad, Chief Executive Officer, Mashreq Pakistan, said, “Mashreq has been able to achieve global digital transformation and deliver tangible results for all its stakeholders – all backed by its DNA of innovation and its agile operating model. The partnership with Garaj marks another significant milestone in Mashreq Pakistan’s digital innovation journey in Pakistan and underlines our commitment to driving digitization and financial inclusion in the country.”