Al Rajhi Bank Malaysia announced that Amazon Web Services (AWS), an Amazon.com company, will be powering its newly-launched digital bank Rize.

The bank said that it will be migrating its key information technology (IT) infrastructure to AWS by 2026.

Additionally, Al Rajhi said that it will be leveraging a number of AWS’ products and services, including containers, databases, and compute to deliver innovative financial services for its digital bank Rize.

Powered by AWS, Al Rajhi is building digital banking products for Rize as well as tapping customers’ data to enable more personalised services.

Launched in December 2022, Rize had hit the ground running with the standard services banks provide – deposits, withdrawals, and transfers, account management and personal finance management, debit card application, purchase, and maintenance, ATM services and e-statements as well as personal financing.

“With AWS, we were able to quickly build Rize, a mobile-first, highly scalable digital bank offering a seamless customer experience, within 12 months from conception to reality.

 

AWS gives us the agility and confidence to deliver new innovative banking services with Rize that meet local regulatory requirements, helping Rizers better manage their finances.”

said Arsalaan (Oz) Ahmed, Chief Executive Officer at Al Rajhi Bank Malaysia.

“With AWS, alrajhi bank Malaysia is meeting rising demand for mobile banking solutions that drive financial inclusion while improving customers’ financial wellbeing.

 

We are excited to continue supporting alrajhi bank Malaysia’s ambition to become the #1 Islamic innovation bank in Malaysia, and to deliver engaging and rewarding financial services to its customers.”

said Conor McNamara, Managing Director at AWS in ASEAN.