Boubyan Bank, a Kuwait Islamic bank established in 2004, has paid up capital exceeding approximately US$700 million (196.5 million KWD).
Boubyan Bank is one of the emerging banks in Kuwait and Gulf Cooperation Council. It benefits from its relationship with National Bank of Kuwait, the major shareholder, which is ranked among the largest 300 banks worldwide. Boubyan Bank provides a variety of banking services to individuals and corporate customers. Its main activities include accepting deposits, providing financing, establishing investment funds, and trading in real estate.
Boubyan Bank has received many international awards and recognitions in appreciation of its success and contribution to Islamic finance. These awards were granted by reputable organizations, such as Global Finance, Euromoney; the Service Hero consumer-driven customer satisfaction index; and Arabian Business.
“We chose Oracle E-Business Suite release 12.1.3 because we felt it was the best platform to help us maintain our rapid growth rate, which is currently the fastest in the Kuwaiti banking system. We also had experience with Oracle’s reliability as a technology vendor, so we did not need to debate the selection much, since making the decision to choose Oracle was obvious for us,” said Mohammed Jomah Al-Shami, IT project manager, Boubyan Bank.
Teams from Evosys and Boubyan Bank successfully completed the implementation over a week-long, scheduled Muslim holiday, avoiding downtime, meeting budget targets, and facilitating a seamless transition once employees reported back to work. The implementation included migrating the bank’s IT platform from Microsoft Windows 2003 32-bit to Oracle Linux 5.8 64-bit version, as well as an application migration and a database migration. It also required recreating 30, highly customized HTML forms from scratch.
Boubyan Bank engaged Oracle Platinum Partner Evosys Kuwait WLL for the upgrade, based on Evosys’ extensive experience with the Middle East customer base, its tested and proven upgrade methodology, and its track record for meeting deadlines and budgets.
“Evosys is one of the best vendors I have ever had the pleasure to work with. Its highly committed workforce is driven by commitment and enthusiasm. Evosys aim was always to maximize the output, improve the performance, and enhance the value of our Oracle solution. It dealt with all tasks very promptly and put in great efforts to ensure that the project was completed successfully. I highly recommend Evosys for Oracle projects,” Al-Shami said.
“At Boubyan Bank, the server performance increase realized with Oracle Linux 5.8 was staggering. With its unique features, such as kernel patching without rebooting and real-time diagnostics, Oracle Linux is the best foundation to run a banking platform with zero downtime,” said Vikas Surani, project manager, Evosys Kuwait WLL.