Bank Islam Signs on TM ONE as a Digital Partner to Accelerate Its Digital Transformation
by Fintech News Malaysia February 18, 2021Telekom Malaysia Berhad (TM) via its enterprise and public sector business solutions arm, TM ONE, signed a Memorandum of Understanding (MoU) with Bank Islam Malaysia Berhad, for its appointment as a digital partner in realising the latter’s transformational strategy.
The collaboration between both parties is aimed at further exploring TM ONE’s role in becoming the primary digital solutions provider to Bank Islam for digital infrastructures such as data center and Cloud α (Alpha) services, as well as big data analytics and cybersecurity solutions.
These solutions will intensify Bank Islam’s IT infrastructure and Center for Digital Experience’s (CDX) digital banking products, by allowing new buying experience, away from the traditional banking approach.
Ahmad Taufek Omar
Ahmad Taufek, Executive Vice President and Chief Executive Officer of TM ONE said,
“We are fully aware that digital transformation, data security and protection are the top priority, especially for the banking sector. This provides the best digital experience to their customers, particularly in these times where digital transactions are increasing exponentially.
At TM ONE, we aim to take transformation forward for our enterprise and public sector customers, such as Bank Islam in realising their digital aspiration. This befits our role as part of TM Group, as the enabler of Digital Malaysia,”
Mohd Muazzam Mohamed, Chief Executive Officer of Bank Islam said,
Mohd Muazzam Mohamed
“As Bank Islam is embarking on a new endeavour by becoming Malaysia’s First Public Listed Islamic Bank, we are taking steps in pursuing the latest technological advancements in facilitating the affairs of the institution with our stakeholders.
The partnership with Malaysia’s leading integrated telecommunication company such as TM will complement the bank’s effort to constantly improve our functions and the services we provide to the customers, thus further fulfilling market’s need and expectations. This effort will then catalyse the growth of the bank and the Islamic banking industry as a whole.”
Featured Image Credit: Penang Travel Tips
