MBSB Bank recently signed an MoU with CelcomDigi to collaborate on finding new commercial opportunities and joint go-to-market activities that will benefit their customers and employees.
Including for cyber security, smart retail solutions financing, and cloud infrastructure technologyMBSB Bank Berhad recently signed a Memorandum of Understanding with CelcomDigi to collaborate on finding new commercial opportunities and joint go-to-market activities, including smart banking solutions for cyber security, smart retail solutions financing, and cloud infrastructure technology, amongst others.
“We plan to establish industrial IoT solutions as part of the business financing, focusing on green tech adoption, automation and quality assurance. We also intend to leverage cloud technology to advance our digital capabilities as this shall help to increase our competitiveness level,” said Nor Azman M. Taib, MBSB Bank group chief executive officer.
The MOU was signed between Nor Azam and CelcomDigi chief executive officer, Mohamad Idham Nawawi at a ceremony held at CelcomDigi Tower, Petaling Jaya. In 2018, MBSB acquired Asian Finance Bank for approximately RM 650 million and rebranded it as MBSB Bank following shareholder approval. As part of its strategy to expand beyond its consumer banking business into investment banking and asset management, MBSB is currently in the process of
. Upon completion, the merger will solidify MBSB's position as the second-largest independent Islamic bank in the country by assets, with only Bank Islam Malaysia Bhd having a larger size.
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