Page 10 - Red Hat PR REPORT - JANUARY 2025

Press release

Red Hat Supports Bank NXT to Drive Operational Efficiency

and Enhance Customer Experience

Red Hat solution streamlines Bank NXT operations, enabling 40% faster deployment

of new digital services and elevating customer satisfaction.

Cairo, Egypt – January 29, 2025: Red Hat, Inc., the world’s leading provider of

open source solutions, announced today that it has collaborated with Bank NXT, a
leading provider of integrated retail and corporate banking solutions in Egypt to

modernise its digital banking solutions. Adopting Red Hat’s hybrid cloud solutions,
Bank NXT has significantly streamlined its operations, reducing deployment times for

new digital services by 40% and doubling the frequency of updates and feature

releases.

Headquartered in Cairo, Egypt, Bank NXT was established in 1974 as an investment

and business bank and commenced its activities under the supervision of the Central
Bank of Egypt in 1978. The Bank offers banking services for individuals through its

wide spectrum of retail banking products in addition to its corporate banking services
for businesses and institutions through providing loan syndication services to

companies and institutions looking to finance large national projects that support the
economy and the Bank. The Bank is keen on supporting the growth of small and

medium enterprises, which play a crucial role in Egypt's overall economic and social

development, as well as, providing investment and treasury services..

To keep up with growing demand, Bank NXT worked with Red Hat to integrate
Temenos and Mindgate’s digital solutions with Red Hat’s hybrid cloud technologies.

These solutions have enabled the bank to modernise its infrastructure, optimise its
operations, and deliver improved services to customers.

Built on a foundation of Red Hat Enterprise Linux and Red Hat OpenShift Platform

Plus, Bank NXT was able to achieve a 40% reduction in deployment time for new
digital services, enabling the bank to quickly introduce innovative features and

respond to market changes. Additionally, the bank streamlined processes and
reduced manual tasks using Red Hat Ansible Automation Platform, improving