Tuesday, August 16, 2022

Oliver Wyman and GFT to build new Islamic digital bank in Malaysia

The digital revolution has taken a quantum leap throughout the global financial services industry over the last decade. In Asia-Pacific alone, there have been over 20 new digital bank licenses issued with more to come in Malaysia. The global management consulting firm Oliver Wyman and technology and software engineering leader GFT are supporting Al Rajhi Bank Malaysia (ARBM) to design, build and launch a cloud-based digital bank. To set new standards of excellence for Islamic banking in Malaysia, ARBM will undertake a complete digital redesign of their products, services, and channels for this new digital bank.