Bank Islam plans digital Islamic banking roll-out
Bank Islam Malaysia Berhad is working with consulting firm Cognizant to lay the foundation for its digital banking platform roll-out across its entire network.
Encik Khairul Kamarudin, CEO of Bank Islam, says the move will bring “greater accessibility to our customers as well as simplifying and improving their banking experience with us”.
According to the bank, digitalisation will help it accelerate SME banking by “providing business solutions for their operational as well as expansion needs”.
In addition, and a common phrase in fintech at present, the bank says it will “rapidly tap the rural, underbanked segments and boost financial inclusion by overcoming cost and physical barriers”.
Bank Islam was established in 1983 as the nation’s first Islamic bank. To date, it has a network of 147 branches and more than 1,200 self-service terminals nationwide. It offers more than 70 Shariah-based banking products and services which cater to Muslims and non-Muslims.
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