Infomina Thai unit secures US$28.44mil purchase agreement

KUALA LUMPUR: Infomina Bhd’s subsidiary Infomina (Thailand) Co Ltd (Infomina TH), has received a purchase agreement from The Siam Commercial Bank Public Company Ltd (SCB) to provide upgrade and transformation solutions to SCB’s core banking applications for US$28.44 million (RM125.14 million).

In a filing with Bursa Malaysia today, Infomina said the agreement was for the provision of technology application and infrastructure operations, maintenance and support services as well as to provide solutions to improve and implement SCBX Group Application Programming Interface gateway.