VEON’s Cloud & Cybersecurity Platform Garaj Signs with Standard Chartered Bank in Pakistan
VEON's enterprise solutions business Garaj, part of Pakistan's Jazz operator, has signed an agreement with Standard Chartered Bank to establish a regional availability zone. Garaj will provide disaster recovery data center services through its advanced Tier 3 Data Center, which complies with Global TIA-942 standards. The partnership includes 24/7 operational support, dedicated Network Operations Center, and certified engineer helpdesk services. Garaj currently serves over 400 enterprise customers, including 98 of the top 100 Pakistan Stock Exchange listed companies, offering cloud infrastructure, cybersecurity, and managed services through two cloud availability zones.
Garaj, la divisione soluzioni aziendali di VEON e parte dell'operatore Jazz in Pakistan, ha firmato un accordo con Standard Chartered Bank per stabilire una zona di disponibilità regionale. Garaj fornirà servizi di recupero dati in caso di disastro attraverso il suo avanzato Data Center di Tier 3, che è conforme agli standard globali TIA-942. La partnership include supporto operativo 24/7, un Centro Operativo di Rete dedicato e servizi di helpdesk forniti da ingegneri certificati. Garaj attualmente serve oltre 400 clienti aziendali, inclusi 98 delle 100 principali società quotate alla Borsa di Pakistan, offrendo infrastruttura cloud, cybersecurity e servizi gestiti attraverso due zone di disponibilità cloud.
Garaj, la división de soluciones empresariales de VEON, parte del operador Jazz en Pakistán, ha firmado un acuerdo con Standard Chartered Bank para establecer una zona de disponibilidad regional. Garaj proporcionará servicios de recuperación de datos ante desastres a través de su avanzado Centro de Datos de Nivel 3, que cumple con los estándares globales TIA-942. La asociación incluye soporte operativo 24/7, un Centro de Operaciones de Red dedicado y servicios de helpdesk de ingenieros certificados. Actualmente, Garaj atiende a más de 400 clientes empresariales, incluidas 98 de las 100 principales empresas que cotizan en la Bolsa de Pakistán, ofreciendo infraestructura en la nube, ciberseguridad y servicios gestionados a través de dos zonas de disponibilidad en la nube.
VEON의 기업 솔루션 사업부인 Garaj는 파키스탄의 Jazz 운영업체로서 Standard Chartered Bank와 지역 가용성 존 설립을 위한 계약을 체결했습니다. Garaj는 글로벌 TIA-942 표준을 준수하는 고급 Tier 3 데이터 센터를 통해 재해 복구 데이터 센터 서비스를 제공합니다. 이 파트너십은 24시간 운영 지원, 전담 네트워크 운영 센터 및 공인 엔지니어 헬프데스크 서비스를 포함합니다. Garaj는 현재 400개 이상의 기업 고객을 보유하고 있으며, 그 중 98개는 파키스탄 증시 상장 기업 100위 안에 포함되어 있습니다. Garaj는 두 개의 클라우드 가용성 존을 통해 클라우드 인프라, 사이버 보안 및 관리 서비스를 제공합니다.
Garaj, la division des solutions d'entreprise de VEON, qui fait partie de l'opérateur Jazz au Pakistan, a signé un accord avec Standard Chartered Bank pour établir une zone de disponibilité régionale. Garaj fournira des services de centre de données pour la récupération après sinistre grâce à son centre de données de niveau 3 avancé, conforme aux normes TIA-942 mondiales. Le partenariat comprend un support opérationnel 24/7, un Centre d'Opérations Réseau dédié et des services d'aide auprès d'ingénieurs certifiés. Actuellement, Garaj sert plus de 400 clients entreprises, dont 98 des 100 principales entreprises cotées à la Bourse du Pakistan, offrant une infrastructure cloud, de la cybersécurité et des services gérés à travers deux zones de disponibilité en cloud.
Garaj, das Geschäft für Unternehmenslösungen von VEON, Teil des pakistanischen Betreibers Jazz, hat eine Vereinbarung mit Standard Chartered Bank unterzeichnet, um eine regionale Verfügbarkeitszone einzurichten. Garaj wird Katastrophenwiederherstellungs-Datacenter-Dienste über sein fortschrittliches Tier-3-Datencenter bereitstellen, das den globalen TIA-942-Standards entspricht. Die Partnerschaft umfasst einen 24/7-Betriebssupport, ein dediziertes Network Operations Center und zertifizierte Ingenieuren-Hilfeleistungsdienste. Garaj betreut derzeit über 400 Unternehmenskunden, darunter 98 der 100 größten Unternehmen, die an der Pakistan Stock Exchange gelistet sind, und bietet Cloud-Infrastruktur, Cybersicherheit und verwaltete Dienste über zwei Cloud-Verfügbarkeitszonen an.
- Partnership with major global bank Standard Chartered enhances enterprise portfolio
- Strong market presence serving 98 of top 100 Pakistan Stock Exchange listed companies
- Expansion of high-value enterprise services beyond traditional telecom
- Growing portfolio of 400+ enterprise customers
- None.
Insights
This strategic partnership marks a significant advancement in VEON's enterprise solutions portfolio. The deal with Standard Chartered Bank validates Garaj's capabilities in providing enterprise-grade cloud and cybersecurity services. The partnership's value extends beyond immediate revenue generation, demonstrating Garaj's ability to serve top-tier financial institutions and potentially attract similar high-profile clients.
The infrastructure commitment includes a Tier 3 Data Center and 24/7 operational support, positioning Garaj as a serious player in Pakistan's digital transformation landscape. With a customer base including 98 of the top 100 Pakistan Stock Exchange listed companies and partnerships with tech giants like VMware and Microsoft, this development strengthens VEON's digital operator strategy and creates opportunities for expansion beyond Pakistan.
The partnership represents a strategic shift in banking infrastructure management in Pakistan. Standard Chartered Bank's decision to utilize Garaj's facilities for core IT and banking systems indicates a strong vote of confidence in local digital infrastructure capabilities. The disaster recovery and business continuity aspects are particularly noteworthy, as they address critical regulatory and operational requirements for international banking operations.
This collaboration could set a precedent for other international banks looking to optimize their digital infrastructure in emerging markets. The emphasis on data residency and compliance with global standards (TIA-942) positions Garaj as a viable alternative to traditional global data center providers, potentially opening doors for similar partnerships in the financial sector.
Amsterdam, Dubai, and Islamabad, 07 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, today announces that Garaj, the enterprise solutions business of its Pakistan digital operator Jazz, will assist in setting up a regional availability zone for Standard Chartered Bank (SCB), one of the world's leading banks. Garaj aims to strengthen Standard Chartered Bank's operational resilience and enhance its customer experience across multiple regions, reinforcing Standard Chartered Bank's commitment to digital transformation and efficient global data center operations.
Garaj’s advanced Tier 3 Data Center, which adheres to Global TIA-942 standards, will host Standard Chartered Bank’s core IT and banking systems within Pakistan, providing high availability and secure data management. Garaj will provide Standard Chartered Bank with disaster recovery data center services, robust backup and continuity systems, safeguarding SCB’s banking operations and improving customer experience.
The agreement also includes 24/7 operational support from Garaj, featuring a dedicated Network Operations Center (NOC), and a helpdesk staffed by certified engineers. The partnership aims to provide high system uptime, enabling Standard Chartered Bank to maintain business continuity and enhance customer satisfaction through seamless service.
Asif Aziz, President of Enterprise Solutions at Jazz Business, commented on the collaboration, “Our partnership with Standard Chartered Bank is expected to enhance operational resilience and ensure secure, uninterrupted services for its customers. Our critical infrastructure and advanced cybersecurity solutions provide a robust foundation for our customers in financial services and underscore our commitment to reliability and innovation.”
Rehan Shaikh, Chief Executive Officer Standard Chartered Pakistan stated, “This strategic partnership strengthens the Bank’s technology infrastructure and advances our digital thought leadership. By leveraging Garaj’s state-of-the-art purpose-built data center, we are reinforcing our commitment to providing secure, robust, seamless, and accessible digital banking solutions to our customers. This alliance represents a significant step forward in our mission to accelerate digital transformation, remain agile, and contribute towards a more inclusive financial landscape in Pakistan.”
Garaj has over 400 enterprise customers and offers comprehensive IT and IT-enabled solutions, including cloud infrastructure, cybersecurity, and managed services. It operates two cloud availability zones with a strong focus on data residency, ensuring critical data remains within the country. Earlier this year, Garaj also achieved Premier Partner status with VMware and strengthened its position as an Operator Cloud Solution Provider with Microsoft, delivering scalability and resilience for business-critical infrastructure.
Jazz’s enterprise vertical, which includes Garaj, serves 98 of the 100 top Pakistan Stock Exchange listed companies. In line with VEON’s digital operator strategy, which aims to deliver growth by offering individuals and enterprises a portfolio of connected digital services, Jazz aims to continue to expand its cloud services and IT solutions, scaling up its enterprise business beyond Pakistan.
About Jazz
Jazz is Pakistan’s leading digital operator with over 71.4 million cellular subscribers and 63.3 million MAUs of digital services. Jazz offers the most extensive portfolio of digital services including JazzCash, Pakistan’s leading fintech; Garaj, the largest onshore cloud and cybersecurity platform; and Tamasha, Pakistan’s largest homegrown OTT video streaming and entertainment platform.
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than
Disclaimer
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s digital products and commercial plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information
VEON
Hande Asik
Group Director of Communications
pr@veon.com
MHP Group
Julian Tanner
Julian.tanner@mhpgroup.com
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FAQ
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