Bank Islam Brunei Darussalam selected Rambus

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Bank Islam Brunei Darussalam selected Rambus

Bank Islam Brunei Darussalam selected Rambus for digital payments

  • BIBD, Brunei’s largest bank and flagship Islamic financial institution, formed in 2005 through the merger of Islamic Bank of Brunei and Islamic Development Bank of Brunei
  • Rambus creates innovative hardware, software and services that drive technology advancements from the data center to the mobile edge
  • BIBD is implementing Rambus Token Service Provider (TSP) capabilities to tackle the proliferation of digital payment in Asia
  • The bank says that the rise of solutions such as QR-based payments, near-field communication (NFC), host card emulation (HCE) and real-time payments have required banks to improve technology around security and fraud prevention
  • “While digital payment methods grow exponentially in the marketplace, customers are becoming increasingly mobile-centric; therefore, it’s imperative to facilitate mobile transactions in a hassle-free and secure manner, providing the ultimate ease of mind for our customers,” says Dr Gyorgy Ladics, COO, BIBD