Bank Islam plans to grow mobile banking space

Bank Islam Malaysia Bhd CEO Khairul Kamarudin (right) and Cognizant Malaysia business leader Effendi Azmi Hashim (left) after the signing ceremony of the strategic partnership agreement on behalf of their companies. - Ong Soon Hin/The Star (filepic)

KUALA LUMPUR: Bank Islam Malaysia Bhd aims to grow its mobile banking customer base from the current 900,000 users to two million by 2019.

This is following the bank’s strategic collaboration with US-based global business and technology consulting firm Cognizant to develop financial technology (fintech) products within Bank Islam’s network.