Bank Islam Malaysia Bhd (BIMB) has appointed TM ONE, the enterprise and public sector business solutions arm of Telekom Malaysia Bhd (TM) as the preferred digital partner in realising BIMB’s transformational strategy.

TM ONE today signed a memorandum of understanding (MoU) with BIMB chief operating officer Mohamed Iran Moriff Mohd Shariff while TM ONE was represented by executive vice president and chief executive officer Ahmad Taufek Omar.

Mohd Muazzam Mohamed said as the bank is embarking on a new endeavour by becoming Malaysia’s first public listed Islamic bank, BIMB is taking steps in pursuing the latest technological advancements in facilitating the affairs of the institution with its stakeholders.

“The partnership with Malaysia’s leading integrated telecommunication company such as TM will complement the bank’s effort to constantly improve our functions and the services we provide to the customers, thus further fulfilling market’s need and expectations. This effort will then catalyse the growth of the Bank and the Islamic banking industry as a whole,” he said in a statement today.

He said the bank is positive of the meaningful partnership with TM, via TM ONE, as the collaboration between both parties is aimed at further exploring TM ONE’s role in becoming the primary digital solutions provider to BIMB for digital infrastructures such as data centre and cloud services, as well as big data analytics and cyber-security solutions.

“These solutions will intensify BIMB’s information technology (IT) infrastructure and centre for digital experience (CDX) digital banking products, by allowing new buying experience, away from the traditional banking approach,” he said.

Commenting on the collaboration, Ahmad Taufek said TM ONE is fully aware that digital transformation, data security and protection are the top priority, especially for the banking sector.

“This provides the best digital experience to their customers, particularly in these times where digital transactions are increasing exponentially. With this agreement in place, we can provide BIMB with the latest and secured digital solutions and infrastructure to support its transformation journey,” he said.

Further, Ahmad Taufek said solutions such as cloud, cybersecurity and big data analytics will drive BIMB’s process optimisation, enabling omni-channel and data monetisation agenda, leading to cost optimisation and productivity uplift.

“At TM ONE, we aim to take transformation forward for our enterprise and public sector customers, such as BIMB in realising their digital aspiration. This befits our role as part of TM Group, as the enabler of Digital Malaysia,” he said.

This partnership combines the strength of both companies that will pave the way to accelerate BIMB’s transformational strategy.

Source New Straits Times