Bank Rakyat Launches New Sandbox to Drive Fintech Partnerships
by Fintech News Malaysia March 19, 2024Bank Rakyat has launched its sandbox platform to drive innovation in the finance sector by facilitating stronger partnerships with fintech companies.
This platform aims to accelerate the development and testing of digital financial products and services, offering a faster route to market for fintech innovations.
Dato’ Dr. Mohammad Hanis Osman
Dato’ Dr. Mohammad Hanis Osman, CEO of Bank Rakyat said,
“The Bank Rakyat Sandbox platform is designed to facilitate collaboration among fintech companies, fostering the exchange of expertise and the testing of innovative ideas to address industry gaps and unlock new opportunities by offering technological capabilities that encompass efficiency and security, leading to the advancement of financial services. Additionally, it will accelerate the adoption of innovative solutions that are compliant with shariah principles.”
This initiative is part of Bank Rakyat’s broader digital transformation strategy, which aligns with MADANI’s values of creativity and innovation. It aims to integrate technology seamlessly into the banking sector, catering to evolving market needs.
Fintech companies interested in leveraging the sandbox for developing Minimum Viable Products (MVPs) and exploring innovative solutions are encouraged to reach out to Bank Rakyat’s contact center at 1300 80 5454 or through email for more information.
