Telecommunications company stc Bahrain has entered into a partnership with Ithmaar Bank to streamline cloud cost management for banking operations running on Amazon Web Services (AWS).

The collaboration is aimed at helping financial institutions better control, monitor, and optimise cloud spending while improving operational efficiency and digital service delivery.

According to both organisations, the solution will provide enhanced visibility into cloud usage, enabling banks to reduce unnecessary costs and improve resource allocation across their digital infrastructure.

The initiative reflects the growing reliance of financial institutions in Bahrain on cloud computing as they modernise core banking systems and expand digital services.

Industry experts say cloud cost optimisation has become a key priority for banks globally as they scale digital operations and adopt more data-driven financial services.

The partnership is also expected to support faster innovation in banking services by freeing up resources that can be redirected toward customer-facing technologies and product development.

Both companies noted that the collaboration aligns with broader efforts to strengthen Bahrain’s position as a regional fintech and digital banking hub.