NEWS
Allied Engineering Group partners with Microsoft , Crayon to deploy SWIFT to the cloud
Allied Engineering Group , AEG , the largest SWIFT service bureau globally , announced collaboration with Microsoft and Crayon to bring tailored and compliant solutions to financial service institutions , FSIs that are migrating their SWIFT infrastructure to the cloud . Through this partnership , AEG will publish its 10 SWIFTrelated proprietary solutions on the Azure Marketplace , extending them as a managed service to FSIs across the Middle East and Africa , MEA .
“ We believe that this partnership represents the best strategic move for banks , as it addresses the current needs of the banking sector ,” said Dr Mohamed Sadek , Group CEO of AEG .
“ Our tailored solutions on Azure will provide financial service institutions with the flexibility , scalability , and security they need to migrate their SWIFT infrastructure to the cloud while ensuring compliance with SWIFT CSCF regulations and guidelines . By leveraging Azure ’ s advanced capabilities , we are enabling banks to focus on their core objectives and access limitless possibilities for the future .”
Through this partnership , and leveraging Azure ’ s advanced capabilities , AEG is providing its customers with the freedom to offer their services as a flexible managed service . This , in turn , empowers FSI to expand their reach and optimize their
operations , while simultaneously helping AEG expand its presence in the UAE .
“ We are excited to collaborate with Allied Engineering Group and Crayon to provide tailored and compliant solutions for financial service institutions migrating SWIFT infrastructure to the cloud .”, said Naim Yazbeck , General Manager , Microsoft UAE .
“ We are proud of our partnership with Microsoft and AEG , which exemplifies the transformative power of combining world-class technology , industry expertise , and strategic vision ,” said Ziad Rizk , CEO of Crayon Middle East and Africa .
The initiative is part of AEG ’ s commitment to providing its customers with compliant , tailored solutions that meet their specific needs . It also marks a significant step towards transforming payments across MEA using Azure solutions .
Technology Innovation Institute partners with AWS to develop quantum computing applications using Amazon Bracket
The Technology Innovation Institute , TII , a global scientific research centre and the applied research pillar of Abu Dhabi ’ s Advanced Technology Research Council , ATRC , announced a new research agreement with Amazon Web Services , AWS to explore quantum computing applications .
As part of the agreement , TII will gain access to a range of quantum computing technologies via Amazon Braket , AWS ’ s managed quantum computing service . In addition , TII researchers will be able to leverage AWS High Performance Computing classical computing resources to complement their work on Amazon Braket to explore research questions in machine learning , computational chemistry , and optimization .
Amazon Braket is a fully managed quantum computing service designed to help speed up scientific research and software development for quantum computing . The collaborative research agreement will focus on helping TII explore research questions being addressed by its Quantum Research Centre , QRC as a pathway to applications for artificial intelligence and drug discovery , finance , logistics , and industrial process simulations .
AWS will match US $ 500,000 in spending on the service over the next three years for all eligible projects led by TII researchers in the adoption , evaluation , and experimentation of quantum systems . To assist QRC project teams in onboarding Amazon Braket and using the service effectively , AWS will provide workshops , self-paced classes , and other support as needed to TII researchers and its partners .
The agreement between TII and AWS is designed to advance TII ’ s mission to provide the best possible research and development capacity to organizations in the UAE . The news also builds on AWS ’ s commitment to compute infrastructure in the UAE following the launch of the new Middle East , UAE Region announced in August 2022 .
TII is building the first quantum computer in the Arab world and have already unveiled the first sovereign postquantum cryptography library in the UAE . The access to AWS quantum hardware and HPC infrastructure in the cloud , in addition to their support for further enterprise partnerships , is exciting .
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