MBSB Bank, CelcomDigi explore collaboration to develop smart banking solutions


MBSB Bank Group CEO Datuk Nor Azam M Taib (left), and CelcomDigi CEO Datuk Mohamad Idham Nawawi presenting the Banking Digitalisation and Smart Infrastructure Solutions MoU between MBSB Bank and CelcomDigi

KUALA LUMPUR: MBSB Bank Bhd and CelcomDigi are exploring opportunities in end-to-end smart banking solutions that include comprehensive services for cyber security, smart retail solutions financing, and cloud infrastructure technology.

Additionally, both companies intend to collaborate on finding new commercial opportunities and joint go-to-market activities that will benefit their customers and employees.

In a statement, the Islamic bank said it had inked a memorandum of understanding with the country's largest telecommunications company as part of its digitalisation journey to future-proof its banking operations and enrich customer experiences.

MBSB group CEO Datuk Nor Azam M Taib said the industry has become increasingly competitive due to technological advances.

"We plan to establish industrial IoT solutions as part of the business financing, focusing on green tech adoption, automation and quality assurance.

"We also intend to leverage on cloud technology in order to advance our digital capabilities as this shall help to increase our competitiveness level," he said.

CelcomDigi CEO Datuk Mohammad Idham Nawawi added that it looks forward to unlocking more synergistic value and innovation from the partnership while supporting the nation's digital agenda.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

PepsiCo's first-quarter results beat as international demand drives growth
Spotify profits up, but lower marketing hits user growth
Rafizi: Economy continues to strengthen along with Bursa Malaysia
MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
DXN Holdings net profit for FY24 rises to RM310.99mil
Ringgit closes slightly lower against US dollar
Inta Bina bags RM170mil construction job
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
Crest Builder bags RM486mil condo job

Others Also Read