KUALA LUMPUR (Aug 1): Bank Islam Malaysia Bhd has picked Amazon Web Services (AWS) as its cloud provider to power its digital transformation.
In a statement on Monday (Aug 1), AWS said the bank is using the breadth and depth of AWS’ cloud capabilities, including containers, networking, and content delivery, to build the Be U digital bank to help customers better manage their finances.
The company said Bank Islam is building Be U through its Centre of Digital Experience, an independent division that is developing new banking services on AWS to transform customer experiences.
AWS ASEAN managing director Conor McNamara said banks of all sizes across Southeast Asia are using cloud technology to drive financial inclusion, deploy disruptive business models to attract customers in the face of new digital challenger banks, and ensure that they can hire and retain top talent.
“In Malaysia, Bank Islam is a great example of that.
“Working with AWS gives Bank Islam access to an unmatched portfolio of cloud services, with the highest levels of security, so that they can deliver intuitive customer solutions quickly, securely, and at scale,” he said.
Meanwhile, Bank Islam chief executive officer Mohd Muazzam Mohamed said AWS had given the bank the ability to innovate and quickly launch new digital financial services that are meaningful to its customers’ financial health and well-being.
“We selected AWS as our preferred cloud provider to benefit from the highest levels of security and compliance, without sacrificing speed of innovation.
“We were able to develop a prototype for our Be U digital bank in only three months with AWS, and we can now explore advanced cloud services, like machine learning, to develop an alternative credit framework to broaden access to customers who would otherwise have difficulty obtaining a credit line,” he said.