- Bank Islam aims to become Malaysia's leading bank for social finance and digital Islamic bank of choice by 2021
- TM One's digital solutions and professional services optimises business operations to realise Bank Islam's transformational strategy
- Comprehensive digital solutions such as data centre and Cloud α (Alpha) services, big data analytics and cyber-security solutions set to enhance Bank Islam's IT infrastructure and Centre for Digital Experience (CDX) digital banking products
Telekom Malaysia Berhad (TM) via its enterprise and public sector business solutions arm, TM One, today signed a Memorandum of Understanding (MoU) with Bank Islam Malaysia Berhad (Bank Islam), for the appointment of TM One as the preferred digital partner in realising Bank Islam’s transformational strategy.
The MoU was signed by Mohamed Iran Moriff Mohd Shariff, Chief Operating Officer of Bank Islam and Ahmad Taufek Omar, Executive Vice President and Chief Executive Officer of TM One.
Commenting on the collaboration, Ahmad Taufek said, “We are honoured to be given the opportunity to extend our digital expertise to Bank Islam. We are fully aware that digital transformation, data security and protection are the top priority, especially for the banking sector. This provides the best digital experience to their customers, particularly in these times where digital transactions are increasing exponentially. With this agreement in place, we can provide Bank Islam with the latest and secured digital solutions and infrastructure to support its transformation journey. Solutions such as cloud, cybersecurity and big data analytics will drive Bank Islam’s process optimisation, enabling omni-channel and data monetisation agenda, leading to cost optimisation and productivity uplift.”
“At TM One, we aim to take transformation forward for our enterprise and public sector customers, such as Bank Islam in realising their digital aspiration. This befits our role as part of TM Group, as the enabler of Digital Malaysia,” he added.
Chief Executive Officer of Bank Islam, Mohd Muazzam Mohamed said, “As Bank Islam is embarking on a new endeavour by becoming Malaysia’s First Public Listed Islamic Bank, we are taking steps in pursuing the latest technological advancements in facilitating the affairs of the institution with our stakeholders. The partnership with Malaysia’s leading integrated telecommunication company such as TM will complement the Bank’s effort to constantly improve our functions and the services we provide to the customers, thus further fulfilling market’s need and expectations. This effort will then catalyse the growth of the Bank and the Islamic banking industry as a whole.”
He adds, “We are very excited and look forward to a meaningful partnership with TM, via TM One as digitalisation will enable core infrastructure that will support Bank Islam’s key strategic pillars of Sustainable Prosperity, Value-based Culture, Community Empowerment, Customer Centricity, Real Economy as we move forward.”
The collaboration between both parties is aimed at further exploring TM One’s role in becoming the primary digital solutions provider to Bank Islam for digital infrastructures such as data centre and Cloud α (Alpha) services, as well as big data analytics and cyber-security solutions. These solutions will intensify Bank Islam’s IT infrastructure and Centre for Digital Experience (CDX) digital banking products, by allowing new buying experience, away from the traditional banking approach.
This partnership combines the strength of both companies that will pave the way to accelerate Bank Islam’s transformational strategy.
For further information on TM One, visit www.tmone.com.my and for more info on Bank Islam visit www.bankislam.com
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TM One and SME Bank collaborate to deliver technology funding to SMEs under PENJANA
TM One and SME Bank sign agreement to provide technology funding to SMEs via SME Technology Transformation Fund (STTF) TM One, the business and public sector solutions arm of Telekom Malaysia Berhad (TM) today signed a Memorandum of Understanding (MoU) with Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), an agency under the Ministry of Entrepreneur Development and Cooperative to offer technology funding for its Small and Medium Enterprise (SME) customers to accelerate their business and digital transformation. The MoU was signed by Ahmad Taufek Omar, Executive Vice President and Chief Executive Officer, TM One while SME Bank was represented by Aria Putera Ismail, its Group President/Chief Executive Officer. The SME Technology Transformation Fund (STTF), is a fund set up between SME Bank and the Ministry of Finance to offer financing assistance of up to RM3.0 million to local SMEs. This is part of the Government's Pelan Jana Semula Ekonomi Negara (PENJANA) economic stimulus package to provide financial assistance to SMEs in adopting digitalisation and/or automation in their business operations. Commenting on the collaboration, Ahmad Taufek said, "We are excited to work hand-in-hand with SME Bank to accelerate digital adoption amongst our customers particularly in the SME segment. This is in support of the Government's efforts under PENJANA to execute key initiatives to help SMEs during the COVID-19 pandemic. Our aim is to assist SMEs in addressing real business challenges and issues that they are currently facing with the digital solutions available. We have put in place dedicated teams and solutions to enable our customers to realise the full potential of their digital opportunities. Our Professional Services are a consultative approach in helping SMEs to understand how to plan their digital transformation based on their unique business requirements." Meanwhile, Aria said, "With a fund size of RM500 million, STTF is expected to directly assist SME entrepreneurs to achieve higher productivity, process efficiency, efficient cost management and greater market penetration. As at 11 November 2020, SME Bank has approved 18 applications worth RM36.55 million under the STTF fund. SME Bank's role in encouraging the SMEs to adopt digital technology was further enhanced with the introduction of ODELA, the first one-stop e-commerce platform backed by a Development Financial Institution (DFI), that enabled B2B entrepreneurs to make transactions and foster partnership across vast ecosystems. The Bank's wholesome approach in providing financing and entrepreneur development assistance further adds value and accelerate the development of digital economy thus boosting the nation's economic growth in this challenging time." STTF is to be used for financing the purchases of IT solutions and services, technology support services, computer hardware and software, equipment and/or machinery and other intangible assets to enhance productivity and efficiency. SMEs as defined by the National Entrepreneur and SME Development Council (NESDC) are eligible to apply for STTF. TM One's solutions are aimed at helping SMEs to achieve higher productivity, better cost management and improved efficiency for wider market penetration through the adoption of digitalisation and automation. As the digital enabler for enterprise and public sector customers with enterprise-grade connectivity and end-to-end cloud offerings, the Company is well positioned to enable the ecosystem for digital society, digital business and digital government. Leveraging on its complete digital solutions offerings across connectivity (Internet & Data), voice and collaboration tools, business outsourcing services, cloud services, cybersecurity and Internet of Things (IoT)-based smart services, TM One will fulfil the needs of businesses and the public sector in embracing digital convergence towards enabling Digital Malaysia. This is in line with TM Group's unique role as the nation's connectivity and digital infrastructure provider. It is also in support of Jalinan Digital Negara (JENDELA) Plan to drive Malaysia's Digital Economy through business digitalisation and new ways of working. For more information on TM One solutions and how to apply for STTF, visit www.smebank.com.my and www.tmone.com.my.
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TM One shifts to higher gear with the launch of its 10 transformative smart solutions
The Smart Industry Showcase testament of TM One’s capabilities to accelerate Digital Nation aspirations TM One, the enterprise and public sector business solutions arm of Telekom Malaysia Berhad (TM), reaffirms its commitment to catapult Malaysian industries moving towards Industrial Revolution (IR) 4.0 with the launch of its ten (10) transformative smart solutions. The smart solutions were launched by Imri Mokhtar, Chief Operating Officer, TM in conjunction with TM One's Smart Industry showcase today. Also present at the event were Ir. Ts Azizi A. Hadi, Chief Executive Officer, TM One and TM One's management team. Imri also officially launched the Smart Industry Showcase which took place at Menara TM, for two (2) days, from 21 and 22 August 2019, carrying the tagline "Transformation Through Intelligence", and gives visitors to experience first-hand TM One's IoT capabilities in a real industrial and smart city setting. Speaking at the launching ceremony, Imri said, "Today, TM through TM One marks an exciting milestone in boosting Malaysia within the Industrial Revolution 4.0, with the launch of our 10 transformative smart solutions. We are thrilled to bring to the market, these 10 smart solutions to enable your aspired digital and business transformation. Continuously developing and delivering digital solutions enabled by IoT, Big Data Analytics and AI, we will fulfil the dynamic needs of the various industry in today's hyper-connected ecosystem." "TM One's Smart Industry Showcase is an avenue for TM to demonstrate that we are truly the enabler of Malaysia's Digital Nation aspiration – enabling a more Digital Society, Digital Business and Digital Government – with the digital solutions and connectivity services that we provide. Living up to 'customers as our true north', the 10 smart solutions showcased today was developed with our customers, through a deep understanding of your needs, addressing your pain points, and enabling you to optimise your efficiency towards maximising profits. TM is committed to deliver an integrated business solution that will fulfil your needs, especially in a digitally-connected environment. At TM, we believe in a Digital Malaysia that is driven by smart cities and smart industries, and we are proud to showcase today that we are at the forefront of Malaysia's digital transformation journey," he added. Meanwhile, Ir. Ts. Azizi said, "With the launch of the 10 transformative solutions or 10T, we are continuing our journey with an expanded portfolio of smart solutions that will create greater value for our Enterprise and Public Sector business customers across all our seven (7) verticals to transition into IR4.0." The 10 transformative smart solutions, or 10T, comprise four (4) clusters – Connected City and Living Solutions, Connected Factory Solutions, Connected Utilities Solutions and Connected Agriculture Solutions. The solutions are: Connected City & Living Solutions are designed to help city planners, township developers and communities build better and connected cities to improve quality of lives via: Smart Home Solutions Smart Building Management Solutions Smart Street Lights Solutions Smart Parking Solutions Smart Traffic Lights SolutionsConnected Utilities Solutions will capture water data featuring near-real time pipeline monitoring, water quality and water level sensing to optimise and safeguard water supply via: Smart Water Management SolutionsConnected Agriculture Solutions are designed to address low farming efficiency and improve quality of agricultural products through real-time data collection and analysis of farming parameters via: Smart Aquaculture Solutions Smart Hydroponic SolutionsConnected Factory Solutions ensure workforce safety, improve delivery times and reduce maintenance cost via: Smart Genset Sensor Solutions Smart Forklift Solutions "What differentiates us from other smart services providers in the market is our complete end-to-end infrastructure in our Hyperconnected Ecosystem. The complete elements in the ecosystem enable our customers to collect, store, process and analyse data, powered by Artificial Intelligence (AI) to produce valuable insights, so they can address their pain points and subsequently deliver the best experience for their customers," Azizi added. TM One's Hyperconnected Ecosystem comprises data centre and cloud services; Internet of Things (IoT) and Big Data Analytics Platform; Integrated Network & Cyber Security Monitoring & Management Centre; and Robotic Process Automation (RPA). Apart from the launch and demonstration of the 10T solutions, the Smart Industry Showcase also features TM One's Integrated Operations Centre, Data Centres and Cloud services, Connected Workforce Solution and Robotic Process Automation capabilities, as well as virtual reality and robotics demonstrations. For more information on TM One and its products and service offerings, visit www.tmone.com.my.
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Bank Islam appoints TM One as digital partner to accelerate its digital transformation
Bank Islam aims to become Malaysia's leading bank for social finance and digital Islamic bank of choice by 2021 TM One's digital solutions and professional services optimises business operations to realise Bank Islam's transformational strategy Comprehensive digital solutions such as data centre and Cloud α (Alpha) services, big data analytics and cyber-security solutions set to enhance Bank Islam's IT infrastructure and Centre for Digital Experience (CDX) digital banking products Telekom Malaysia Berhad (TM) via its enterprise and public sector business solutions arm, TM One, today signed a Memorandum of Understanding (MoU) with Bank Islam Malaysia Berhad (Bank Islam), for the appointment of TM One as the preferred digital partner in realising Bank Islam’s transformational strategy. The MoU was signed by Mohamed Iran Moriff Mohd Shariff, Chief Operating Officer of Bank Islam and Ahmad Taufek Omar, Executive Vice President and Chief Executive Officer of TM One. Commenting on the collaboration, Ahmad Taufek said, “We are honoured to be given the opportunity to extend our digital expertise to Bank Islam. We are fully aware that digital transformation, data security and protection are the top priority, especially for the banking sector. This provides the best digital experience to their customers, particularly in these times where digital transactions are increasing exponentially. With this agreement in place, we can provide Bank Islam with the latest and secured digital solutions and infrastructure to support its transformation journey. Solutions such as cloud, cybersecurity and big data analytics will drive Bank Islam’s process optimisation, enabling omni-channel and data monetisation agenda, leading to cost optimisation and productivity uplift.” “At TM One, we aim to take transformation forward for our enterprise and public sector customers, such as Bank Islam in realising their digital aspiration. This befits our role as part of TM Group, as the enabler of Digital Malaysia,” he added. Chief Executive Officer of Bank Islam, Mohd Muazzam Mohamed said, “As Bank Islam is embarking on a new endeavour by becoming Malaysia’s First Public Listed Islamic Bank, we are taking steps in pursuing the latest technological advancements in facilitating the affairs of the institution with our stakeholders. The partnership with Malaysia’s leading integrated telecommunication company such as TM will complement the Bank’s effort to constantly improve our functions and the services we provide to the customers, thus further fulfilling market’s need and expectations. This effort will then catalyse the growth of the Bank and the Islamic banking industry as a whole.” He adds, “We are very excited and look forward to a meaningful partnership with TM, via TM One as digitalisation will enable core infrastructure that will support Bank Islam’s key strategic pillars of Sustainable Prosperity, Value-based Culture, Community Empowerment, Customer Centricity, Real Economy as we move forward.” The collaboration between both parties is aimed at further exploring TM One’s role in becoming the primary digital solutions provider to Bank Islam for digital infrastructures such as data centre and Cloud α (Alpha) services, as well as big data analytics and cyber-security solutions. These solutions will intensify Bank Islam’s IT infrastructure and Centre for Digital Experience (CDX) digital banking products, by allowing new buying experience, away from the traditional banking approach. This partnership combines the strength of both companies that will pave the way to accelerate Bank Islam’s transformational strategy. For further information on TM One, visit www.tmone.com.my and for more info on Bank Islam visit www.bankislam.com