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Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East, with a strong corporate and retail franchise. Mobilizing its substantial capital base, Riyad Bank is a leading financier and arranger of syndicated loans in the oil and petrochemicals industries, as well as most of the Kingdom's notable infrastructure projects. - Banking in Saudi Arabia | Riyad Bank
Riyad Bank is helping Saudi Arabia realize its Vision 2030 goals and aspirations by supporting the nation's digital transformation, developing the private sector and establishing economic partnerships. To support the National Transformation Program, Riyad Bank seeks to contribute to the development of infrastructure. - Vision 2030 Initiatives | Riyad Bank
The bank has activated three pillars as part of its transformation 2025 strategy. The first step is to create value through innovation leadership and exclusivity. The second priority is raising the degree of efficiency and optimizing of resources. The last goal is to enable agility through next-gen operating models. In order to achieve these objectives, Riyad Bank will need to actively develop and use new technology in its integrated digitization processes. - RESULTS PRESENTATION FY 2021
Data is a bank's core asset. Data stability, security, and data computing power all affect the service customers receive and the productivity of a bank. Thus, Riyad Bank wanted to build a storage system that is open, secure, reliable, agile, and easy to maintain.
Huawei was invited to participate in the open platform storage project two years ago. Because of the excellent reliability, excellent performance, and comprehensive software functions of the OceanStor Dorado series, Riyad Bank chose Huawei as its partner.
Riyad Bank is the first bank in Saudi Arabia to deploy 3-data center (active-active + remote replication) solution to meet the need for 24/7 intra-city active-active service continuity and disaster recovery.
Specifically, it deployed OceanStor Dorado 18000 in three data centers in Riyadh and Dammam to host production & DR systems: Two data centers were built in Riyadh as two active-active sites, while the third one was built in Dammam as a remote disaster recovery site. Data centers in both cities are interconnected using the remote replication solution.
• The geo-redundant 3DC DR solution delivers RPO = 0 and RTO ≈ 0, eliminating the risk of service interruption.
• Upgraded data infrastructure provides consistent <1ms data access latency, enabling Riyad Bank to expand services in the future.
Riyad Bank's mission is to help people, organizations and society achieve their aspirations by being their trusted and caring financial solutions partner. Now Riyad Bank is improving its internal productivity through comprehensive digitization. It's transforming its core technology infrastructure and operating models by making them more agile. Looking ahead, Huawei will continue to support Riyad Bank to build a more intelligent future.