10.5 C
London
Monday, April 15, 2024
HomeAIBank Muamalat signs multi-year partnership with Google Cloud to boost digital transformation

Bank Muamalat signs multi-year partnership with Google Cloud to boost digital transformation

Date:

  • 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.

Related stories

UK’s antitrust enforcer sounds the alarm over Big Tech’s grip on GenAI

The U.K.’s competition watchdog, Competition and Markets Authority (CMA),...

ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more

Mimo:Raised £15.5 million led by Northzone. Plans...

Pomelo Group names Steve Vickers as new CEO

New CEO Appointment:Pomelo Group, a payment infrastructure...

Former PayPal chief Dan Schulman joins Valor Capital as managing partner

New Appointment:Dan Schulman, former president and CEO...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img