YANGON, Myanmar, Oct. 21, 2015 /PRNewswire/ -- VMware Inc (NYSE: VMW), a global leader in cloud infrastructure and business mobility, today announced its partnership with Myanmar's leading bank, Ayeyardwady Bank (AYA Bank), to support its IT transformation to better serve customers. Together with NEX4 ICT Solutions, the deployment focuses on virtualization of AYA Bank's datacenter and network infrastructure, thereby enabling agility, flexibility and scalability to better serve Myanmar's growing digital economy.
Since its formation in 2011, AYA Bank has always prioritized its customers, with a strong belief in technology's role in ensuring long term sustainable growth, service delivery for its customers and community at large. Technology has been recognized as an enabler for businesses to innovate and be more productive particularly in today's digital age. The opening of Myanmar's economy has given rise to increased digitization of its economy, with mobile subscriptions expected to reach 38.5 million by end of 2019[1]. With smartphones and connectivity, speed and way of communicating and transacting like e-payment and mobile banking, are now possible.
From banking, trading to payment services, AYA Bank's employees across the country create and manage high amounts of data ranging from customer information, financial records and more daily. With increasing growth in business, AYA Bank needed the ability to provision the necessary support to manage the rising data volumes at a cost-effective and efficient manner.
"To better serve our customers in today's digital age, we are glad to partner with VMware in enhancing our ability to provide faster and more reliable services across our 124 branch offices in Myanmar. In a highly competitive industry where prompt and good customer service is critical, we saw IT as the driver in supporting our business, enhancing our customer service delivery, business productivity while ensuring security," Mr. Phyo Aung, Managing Director, AYA Bank.
"VMware is extremely thrilled to work with industry leading bank, AYA Bank, on its IT transformation journey to better serve their customers in Myanmar. From cost savings, driving growth to faster delivery of customer service, AYA Bank understands the value of virtualization in today's liquid world. Agility and efficiency enabled the company fulfil its vision and commitment towards customers and community, enabling the organization to further establish its market leadership in a highly competitive industry," said Ron Goh, Vice President and General Manager, ASEAN, VMware.
About VMware
VMware is a global leader in cloud infrastructure and business mobility. Built on VMware's industry-leading virtualization technology, our solutions deliver a brave new model of IT that is fluid, instant and more secure. Customers can innovate faster by rapidly developing, automatically delivering and more safely consuming any application. With 2014 revenues of $6 billion, VMware has more than 500,000 customers and 75,000 partners. The company is headquartered in Silicon Valley with offices throughout the world and can be found online at www.vmware.com.
