To power the new Islamic digital bank in Malaysia, KAF Digital Bank, has announced a new partnership with banking tech provider, Temenos.
Using Temenos SaaS technology, KAF Digital Bank is looking to deliver Shariah-compliant financial solutions that simplify financial management and enhance digital convenience with user-centric banking experience. The go-live on Temenos SaaS includes comprehensive core and digital banking services together with payments, analytics, and Temenos Data Hub on Microsoft Azure cloud infrastructure.
Islamic banking is a major and rapidly growing segment of Malaysia’s financial sector, driven by increasing demand for Shariah-compliant financial services. Adopting a SaaS model empowers KAF Digital Bank to focus on delivering exceptional customer experiences and driving business growth, not managing the technology.
Rafiza Ghazali, CEO, KAF Digital Bank, commented: “Powered by Temenos SaaS, KAF Digital Bank is redefining Shariah-compliant banking with smarter, simpler financial solutions and a seamless, customer-first digital experience. The successful go-live and early access customer launch marks a key milestone in our journey, enabling Malaysians to take control of their financial futures with greater confidence.”
Will Dale, managing director – APAC, Temenos, said: “This go-live not only strengthens Temenos’ regional footprint in SaaS, but also shows the unique breadth of functionality and advanced technology we deliver. With proven capabilities tailored to the Malaysian market and Islamic banking, Temenos SaaS empowers KAF Digital Bank to achieve faster time to market, greater efficiency, and drive future growth. We are proud to partner with KAF Digital Bank.”
KAF Digital Bank has begun onboarding early access customers, marking a significant step in its mission to redefine Islamic digital banking. This early success paves the way for a full public launch in the near future.
Source: https://thefintechtimes.com/
