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Pure Storage Supports The Saudi Investment Bank to Advance Trust and Innovation

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Pure Storage

Pure Storage recently announced that The Saudi Investment Bank (SAIB) has modernized its IT infrastructure and enhanced customer experience using the Pure Storage Platform.

Customer Challenge:

As one of the Kingdom’s oldest banks, The Saudi Investment Bank (SAIB) serves retail and corporate customers, processing millions of transactions per day. To ensure the seamless performance and availability of critical services such as ATM withdrawals, mobile payments, loan applications and more, the bank needed infrastructure that could deliver high-performance, support resource intensive applications, and mitigate downtime.

SAIB was eager to enhance customer service, seamlessly run seasonal activities for customers, and strengthen its cybersecurity posture through advanced data analytics. However, its legacy storage infrastructure was showing signs of degradation and not equipped to support these ambitions, making future-proofing initiatives challenging. To unlock new opportunities and drive innovation, SAIB’s IT team turned to Pure Storage.

Customer Impact:

To future-proof its storage infrastructure, boost innovation and improve customer experience, SAIB implemented the Pure Storage Platform. The benefits are far reaching and include:

  • Enhanced Customer Experiences: SAIB has seen the read/write latency of its storage reduced from 1 milliseconds to just 0.2 milliseconds. This 80% reduction has boosted application performance – enhancing everything from customer experiences on the bank’s mobile app and mobile payments, to the speed at which employees can respond to requests. Moreover, as the new system effortlessly handles seasonal spikes, the bank can confidently run engagement boosting campaigns during peak periods such as Ramadan, better positioning it to create tailored campaigns benefitting customers.
  • Seamless Migrations: SAIB migrated over 2,500 email accounts without any impact to users. This was also the case for the bank’s ERP system, online portal, mobile banking application and other critical services. Coupled with Pure Storage’s non-disruptive upgrades, this helps the bank ensure its services are always accessible to customers, and available to meet their banking requirements.
  • Ability to Innovate: By enabling the bank to implement the Cloudera data platform, Pure Storage has empowered SAIB to make better data-driven decisions for its business, including faster analysis to enable better data protection.
  • Cyber security preparedness: SAIB has now implemented several resource-intensive workloads such as Splunk SmartStore which enables the bank to process and analyse large volumes of data quickly, crucial for detecting and responding to cyber threats. Pure Storage Safemode Snapshots are immutable, and provide reassurance that in the event of an issue, data will be quickly restored. This also supports the bank with data protection regulation compliance. 

Executive Insight:

“The support we’ve received from Pure Storage really makes a difference in how smoothly our operations run. Its dedicated service has made us feel really confident about our operations and ability to serve our customers. We can now confidently innovate, delivering on our vision of being the trusted bank for our clients.” – Ahmed Megdad, Senior Vice President of IT Operations, SAIB.

“We’re delighted to support The Saudi Investment Bank with its focus on delivering the best possible services to its clients. By providing a modern, high-performance storage solution, we’re helping the bank innovate, strengthen its security posture, and ensure its services remain available without disruption.” – Omar Akar, VP, METCA, Pure Storage.

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SYNOLOGY UNDERSCORES NEED FOR CYBER RESILIENCE AND AI-READY INFRASTRUCTURE IN MIDDLE EAST

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Synology, a global technology company that enables businesses to manage, secure, and protect their data, highlighted the accelerating shift from traditional backup methods to integrated, resilience‑driven strategies among Middle Eastern enterprises during a successful online media briefing it recently hosted.

The company emphasized the urgent need for businesses to modernize their data protection strategies as rising cyber risks, accelerating AI adoption, and evolving data sovereignty requirements continue to redefine the region’s digital landscape. Recent reports indicate that cyberattacks across the GCC have surged by nearly 40 percent year on year, with the UAE alone experiencing more than 200,000 attempted intrusions per day. This points to the critical need for more robust, adaptive, and forward-looking data protection strategies.

During the session, Synology underscored a significant shift among regional enterprises towards comprehensive approaches for continuous data protection, enhanced recovery readiness, and secure infrastructure designed to support AI-driven innovation. Mike Chen, Senior Sales Manager at Synology, emphasized that modern organizations require integrated solutions that not only safeguard critical data but also enable operational agility and scalable growth in an increasingly digital economy.

“Data security today is no longer just about backups—it is about building continuous resilience, ensuring rapid recovery, and maintaining full control over critical assets,” said Mike Chen, Senior Sales Manager at Synology. “As AI adoption accelerates, organizations need secure, scalable infrastructure that not only protects against evolving threats but also enables them to innovate with confidence.”

Synology highlighted two priority areas for enterprises in the UAE and wider region. The first is unlocking value from fragmented and unstructured data through integrated storage, hybrid cloud architectures, and AI-driven capabilities such as semantic search and intelligent workflows. The second is strengthening digital sovereignty by enabling organizations to retain full control over their data while meeting evolving regulatory and operational requirements.

The company also pointed to real-world applications of its solutions, citing the Museum of the Future as a case in point. The landmark institution has leveraged Synology’s technologies to support scalable storage, real-time collaboration, and reliable media backup in a high-demand, data-intensive environment.

With more than 14 million installations across over 120 markets, Synology continues to support organizations in building secure, resilient, and AI-ready data ecosystems as digital transformation accelerates across the Middle East.

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TALLY SOLUTIONS RECOGNISED BY UAE MINISTRY OF FINANCE AS A PRE-APPROVED E-INVOICING SERVICE PROVIDER

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Tally Solutions, a leading global technology company providing business management software to small and medium businesses worldwide, has been included in the UAE Ministry of Finance’s list of Pre-Approved E-Invoicing Service Providers under the country’s upcoming e-invoicing framework.

With this recognition, Tally further strengthens its position as one of the most trusted and relevant business management solutions for SMEs in the UAE. As one of the few globally established providers with a strong SME focus to achieve this status, Tally is well placed to help businesses transition confidently to the next phase of digital compliance.

The inclusion reflects Tally’s long-standing approach of combining simplicity, localisation, and regulatory readiness into everyday business workflows. For SMEs, where time, cost, and ease of adoption are critical, the move to e-invoicing requires more than technical compliance; it requires a solution that is dependable, intuitive, and built around real business needs.

Over the years, Tally has supported businesses across multiple markets through major regulatory transitions, including VAT implementation, e-invoicing mandates, and digital tax reforms. In the UAE, this experience is complemented by continued investments in bilingual capabilities, connected compliance features, secure cloud-enabled access, and product innovations that help businesses remain future-ready without added complexity.

Commenting on the announcement, Vikas Panchal, General Manager – MENA, Tally Solutions, said: “At Tally, our purpose has always been to empower SMEs with technology that is simple to adopt, reliable to run, and easy to scale. Being recognised as a Pre-Approved E-Invoicing Service Provider by the UAE Ministry of Finance is an important milestone and a reflection of the trust we have built with businesses across the region. Having supported regulatory transitions in multiple markets, we understand that compliance must be practical, not complicated. Our focus is to ensure UAE businesses can embrace e-invoicing with confidence while continuing to grow without disruption.”

The recognition also comes at a time when the UAE’s e-invoicing market is witnessing strong momentum, driven by the country’s broader digital economy agenda and the growing adoption of structured financial systems. As businesses prepare for this shift, Tally’s pre-approved status gives SMEs the confidence of choosing a solution already aligned with the government’s evolving framework.

Currently, around 20 companies have been listed by the Ministry of Finance as pre-approved e-invoicing service providers. While many providers in the accounting and ERP segment primarily cater to large enterprises, Tally continues to stand apart through its strong focus on SMEs, delivering compliant, accessible, and scalable solutions designed for the realities of growing businesses.

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BOSCH IS INVESTING IN ITS FUTURE FIELDS OF BUSINESS

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Innovations and the development of new business areas have made Bosch the technology leader it is today. To expand its innovation landscape further, the company is investing around 200 million euros in its subsidiary Bosch Business Innovations over the next five years. As a corporate venture builder, the unit develops new business ideas beyond Bosch’s current core business and builds startups from the early stages onward. The aim is to systematically bring these to market maturity and also to develop new leading business models for Bosch.

To this end, Bosch Business Innovations has defined business areas in line with the Bosch strategy in which investments are to be prioritized and in which the market dynamics are an optimal match for Bosch’s competencies and technological expertise. The first of these are software-controlled manufacturing, remote health monitoring, and the capture, use, and storage of greenhouse gases. Further business areas will be added over the next four years, with the goal of having 20 successful startups in operation by 2030.

“Innovative strength and technology leadership are an integral part of Bosch’s history,” says Stefan Hartung, chairman of the board of management of Robert Bosch GmbH. “We have always continued to develop by identifying and investing in new technologies early and decisively – because innovation is our most important currency. We’re now significantly strengthening Bosch Business Innovations with financial resources so that new ideas have a home and the space to develop.”

Axel Deniz, CEO of Bosch Business Innovations, adds: “Our aim is to systematically develop new ideas beyond our current core business. To achieve this, we rely on Bosch’s strengths, in particular its technological expertise and patent power. We combine this structural advantage of a large company with the speed and flexibility of the startup world.”

Bosch Business Innovations accelerates market maturity with partnerships
To bring both worlds together in an optimal way, Bosch Business Innovations relies on a partnership model: it joins with experienced venture studios to build new business ideas from scratch and bring them quickly to market maturity. Bosch thus combines its own strengths – from technological expertise and patent power to industrial scaling – with the deployment speed and venture-building expertise of external partners. This creates a model in which opportunities and risks are deliberately shared and innovations are systematically put into implementation.
The focus is on the founders: Bosch Business Innovations is also open to external entrepreneurs in particular and gives them a crucial head start. They are involved in the company at an early stage, take on responsibility, and play an active role in shaping the startup from the very beginning. In addition, external investors are involved early on so as to tap into additional capital and market access. The approach is supported by specialized partners who contribute market and technology trends and facilitate access to international startup ecosystems.
Growth market for remote health monitoring
In the field of remote health monitoring, Bosch Business Innovations sees a rapidly growing market that has thus far remained fragmented. Bosch already has a strong healthcare ecosystem that includes the Robert Bosch Hospital and numerous hospital partnerships. This is complemented by Bosch’s technological expertise: among other things, the company is the global market leader for MEMS sensors, which are indispensable in remote health monitoring.

In software-controlled manufacturing, Bosch looks to its own industrial strength as well as its expertise in data, software, and AI. Targeted investments in startups are intended to create platform-based business models for software in manufacturing operations.

The third defined investment area is carbon capture, a strategic area of development. Bosch is examining ways in which industrial decarbonization and carbon capture from the ambient air can be translated into business models.

Bosch Business Innovations realigns existing portfolio
Bosch Business Innovations evolved from grow platform GmbH, a wholly owned Bosch subsidiary that developed internal startups within the company. The previous portfolio was restructured by Bosch Business Innovations. The aim is to create viable future prospects within or outside Bosch for all existing teams. For example, Bosch Advanced Ceramics achieved an important milestone at the end of 2025: the ceramic 3D printing specialist was successfully sold to Sintokogio, a leading provider of industrial equipment and manufacturing solutions.

Bosch Business Innovations is thus establishing itself as a further pillar of innovation activity at Bosch. The other pillars include, among others, the extensive research and development activities across the company and the existing venture capital unit, Bosch Ventures.

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