MBSB to spend RM100m on
new banking system
IMPROVING SERVICES: Investment to help lender become a
full-fledged bank
|
|
MALAYSIA
Building Society Bhd (MBSB) will invest RM100 million in a new core banking
system and information technology over the next five years.
MBSB president and chief executive officer Datuk Ahmad Zaini Othman said the investment, starting from November, will come from its own funds.
"With this, it will take us a step closer to becoming a full-fledged bank," Ahmad Zaini said after the signing ceremony with its technology provider and partner, Silverlake Innovation Partners Sdn Bhd, here yesterday.
He added that the new core banking system will allow MBSB to efficiently deliver its products and services to customers and facilitate its product development.
MBSB president and chief executive officer Datuk Ahmad Zaini Othman said the investment, starting from November, will come from its own funds.
"With this, it will take us a step closer to becoming a full-fledged bank," Ahmad Zaini said after the signing ceremony with its technology provider and partner, Silverlake Innovation Partners Sdn Bhd, here yesterday.
He added that the new core banking system will allow MBSB to efficiently deliver its products and services to customers and facilitate its product development.
 |
"We expect the
system to be up by the third week of November and once it's up, our customers
can expect a good product, in terms of look and feel," he added.
He said MBSB needs to continue playing its role in supporting its retail customers, the majority of whom are government servants, and government programmes.
"We certainly aim to be the preferred financial service provider for these key segments," he added.
Named "MBSB Integrated Core Banking" or Micob, the new system will enable MBSB to enhance its risk management covering compliance and security governance of data and user accesses.
Silverlake's provides information technology collaboration services, specifically for the finance sector.
Source : New Straits Times
He said MBSB needs to continue playing its role in supporting its retail customers, the majority of whom are government servants, and government programmes.
"We certainly aim to be the preferred financial service provider for these key segments," he added.
Named "MBSB Integrated Core Banking" or Micob, the new system will enable MBSB to enhance its risk management covering compliance and security governance of data and user accesses.
Silverlake's provides information technology collaboration services, specifically for the finance sector.
Source : New Straits Times
Date : 14 September 2012
afternoon highlight (14/09/12/159/634)
No comments:
Post a Comment