KAF Digital Bank has gone live on Temenos’ Software-as-a-Service (SaaS) platform as it prepares to launch its Islamic digital banking services in Malaysia.
The implementation includes core and digital banking systems, payments, analytics, and data capabilities hosted on Microsoft Azure.
With the system now operational, KAF Digital Bank has begun onboarding early adopters as part of the Perintis (or pioneer) phase, ahead of a full public launch.
KAF Digital Bank is one of five recipients of Malaysia’s digital banking licences awarded in 2022.
By leveraging Temenos SaaS, the bank aims to streamline operations while offering Shariah-compliant financial services tailored to Malaysian consumers.
Rafiza Ghazali, CEO, KAF Digital Bank, said,
“Powered by Temenos SaaS, KAF Digital Bank is redefining Shariah-compliant banking with smarter, simpler financial solutions and a seamless, customer-first digital experience.
The successful go-live and early access customer launch marks a key milestone in our journey, enabling Malaysians to take control of their financial futures with greater confidence.”
Will Dale, Managing Director – APAC, Temenos, said,
“This go-live not only strengthens Temenos’ regional footprint in SaaS, but also shows the unique breadth of functionality and advanced technology we deliver.
With proven capabilities tailored to the Malaysian market and Islamic banking, Temenos SaaS empowers KAF Digital Bank to achieve faster time to market, greater efficiency, and drive future growth. We are proud to partner with KAF Digital Bank.”
Featured image: Edited by Fintech News Malaysia, based on image by muravev via Freepik
