- Bank Muamalat of Malaysia is collaborating with Google Cloud to accelerate its digital transformation efforts and provide personalized and inclusive digital Islamic banking services to customers.
- The partnership involves the adoption of several cloud-based solutions from Google Cloud.
- These solutions include infrastructure modernization, developer cloud, Mandiant Threat Intelligence platform for cybersecurity, and Firestore for data storage.
- Additionally, the bank will use Google Marketing Platform integrated with Looker and BigQuery for consolidating and analyzing first-party data.
- The bank plans to apply generative AI (GenAI) using Google’s Vertex AI Search and Conversation platform to extract insights and recommendations from its data repository in natural language.
- These solutions will complement the bank’s existing cloud-based core banking platform powered by Mambu and engagement banking platform from Backbase.
- Bank Muamalat aims to leverage these technologies to enhance its Sharia-compliant financing and deposit offerings and strengthen its position as a digital-first bank.
