Business & Money | Thursday 25 January, 2018 1:38 am |

Qarar, a leading regional decision analytics company, has announced that it has signed a new partnership deal with STS Cloud the leading hybrid cloud platform and the first of its kind in Jordan. As part of the agreement, Qarar and STS Cloud will provide the first of its kind virtual private cloud-based service that strengthens and automates the business decision making process within the banking and finance sector. The service will be hosted by STS and offered on its leading Hybrid Cloud platform and incorporate proprietary decisioning software provided by Qarar.

 

Zaid Kamhawi, CEO of Qarar, commented: “We are delighted to be partnering with the STS Cloud — one of the MENA region’s leading information technology solutions and service providers — to bolster the decision-making processes for financial institutions in Jordan. Digital transformation, automation and data analytics are shaping the industry, and the banking and finance sector needs new strategies that help to keep abreast of this progress going into 2018 and beyond. It is vital that organisations harness critical technologies if they are to deliver truly digitalised next-generation financial services, and we are pleased to be making this step towards providing advanced analytics and decision solutions through a virtual private cloud with STS in Jordan.”

 

The new service is primarily for use by retail banks, finance companies and other credit providers for the purpose of managing credit, customer management, risk, collections and recovery decisions for their customers. Qarar will provide and configure the SmartSuite Credit Risk Management software that underpins the service, delivered through the STS Cloud, offering banks in-country, secure and cost effective access to leading edge technologies.

 

And from his side, the Director of Cloud, and Advanced Solutions at STS, Mohammad Adnan commented on this partnership saying: “Continuing the STS legacy and as part of our commitment to developing the Jordanian Banking and Financial sector, we are confident that the in-country cloud based solutions must play an essential role in the advancement of this industry. And as the leading company in providing Hybrid Cloud Solutions in Jordan, our strategic partnership with Qarar to provide the leading Qarar’s proprietary SmartSuite Credit Risk Management software and a hosted risk management model marks a new step forward in enriching STS' Cloud SaaS Portfolio with mission critical solutions that will jointly lead Jordan's banking and financial sector toward a bright future by enhanced and calculated decision making. "​

 

The partnership has been established so that organisations in Jordan can take advantage of technology expertise in a secure and local virtual private cloud environment, by strengthening the decision-making process and mitigate risk for the clients in Jordan.

 

Qarar is the region’s leading decision analytics company. Headquartered in Dubai and serving customers across the Middle East and North Africa, Qarar helps companies in the banking and finance sector to solve business challenges with a mix of predictive analytics, advisory and decision technologies.