Technology
Digital Digest: The Latest Tech News β ARBM, Malaysia
The latest developments in technology and digitalisation of wealth management.
ARBM, Malaysia
Al
Rajhi Bank Malaysia is building a digital and Islamic bank in
Malaysia, working with management consulting firm Oliver Wyman
and technology and software engineering group GFT.
ARBM said in a statement yesterday that it will carry out a complete digital redesign of its products, services, and channels for this new digital bank.
The bank wants to be βthe number one Islamic finance innovation bank in Malaysia,β Arsalaan (Oz) Ahmed, chief executive, ARBM, said.
ARBM is a wholly owned subsidiary of Al Rajhi Bank Kingdom of Saudi Arabia (KSA), which was locally incorporated in October 2006. Following its official launch in 2007, ARBM became the first Arab bank to start its operation in South East Asia.
