To energy the brand new Islamic digital financial institution in Malaysia, KAF Digital Financial institution, has introduced a brand new partnership with banking tech supplier, Temenos.
Utilizing Temenos SaaS know-how, KAF Digital Financial institution is trying to ship Shariah-compliant monetary options that simplify monetary administration and improve digital comfort with user-centric banking expertise. The go-live on Temenos SaaS contains complete core and digital banking providers along with funds, analytics, and Temenos Knowledge Hub on Microsoft Azure cloud infrastructure.
Islamic banking is a serious and quickly rising phase of Malaysia’s monetary sector, pushed by rising demand for Shariah-compliant monetary providers. Adopting a SaaS mannequin empowers KAF Digital Financial institution to deal with delivering distinctive buyer experiences and driving enterprise development, not managing the know-how.
Rafiza Ghazali, CEO, KAF Digital Financial institution, commented: “Powered by Temenos SaaS, KAF Digital Financial institution is redefining Shariah-compliant banking with smarter, less complicated monetary options and a seamless, customer-first digital expertise. The profitable go-live and early entry buyer launch marks a key milestone in our journey, enabling Malaysians to take management of their monetary futures with larger confidence.”
Will Dale, managing director – APAC, Temenos, stated: “This go-live not solely strengthens Temenos’ regional footprint in SaaS, but additionally reveals the distinctive breadth of performance and superior know-how we ship. With confirmed capabilities tailor-made to the Malaysian market and Islamic banking, Temenos SaaS empowers KAF Digital Financial institution to realize quicker time to market, larger effectivity, and drive future development. We’re proud to accomplice with KAF Digital Financial institution.”
KAF Digital Financial institution has begun onboarding early entry prospects, marking a major step in its mission to redefine Islamic digital banking. This early success paves the way in which for a full public launch within the close to future.
