Bank Islam launches cloud-native digital bank 

• Rides on Mambu Electronic Core, housed on Amazon Web Services’ cloud
• Can transact without visiting a branch, broadens economic inclusivity

Financial institution Islam Malaysia Berhad (Bank Islam) provides officially launched the fully cloud-native digital banking proposition called Be U.  

In a statement, the bank stated this first-of-its-kind technology stack, the cloud-native solution, is anticipated to be the cornerstone of upcoming digital banks to be introduced within Malaysia.

It said all-new banking app enables users to do their particular banking transactions effortlessly, without the hassle associated with visiting a branch, thus broadening economic inclusivity by focusing on the digital-native, youthful generation.  

Its participating and user-friendly user interface is intended to help users quickly understand plus manage their budget, Bank Islam claimed.

Team chief executive officer, Mohd Muazzam Mohamed (pic) stated Be U is really a gamechanger for Bank Islam and the Islamic banking industry.  

“It is an item that intends in order to redesign and catalyse Bank Islam’s upcoming growth by using the rapidly transforming fintech landscape and additional allowing customers entry to an affordable and straightforward financial solution.

“Through Become U, Bank Islam is shifting through being product-centric to customer-centric in constructing products that meet customer needs, inch he said.

He said having taken an alternative approach to meet customers’ needs, the bank offers designed the electronic bank proposition to become different and supporting to what is currently available in the market.  

“Be Oughout is targeted at the younger generation, offering a savings account that allows absolutely no balance, fund move capabilities, and a home feature that helps customers save for specific goals, ” he said.

Mohd Muazzam mentioned there will be frequent new functionalities or choices on the Bank Islam Be U app over the next a year, including term down payment, gig marketplace, charge card, personal financial management, micro-financing, micro takaful and more.  

“We want to turn Financial institution Islam into an increasingly agile organisation by adopting new means of working, attracting abilities with new skillsets, using the latest technology, plus leveraging data and automation. This will, consequently, enable Bank Islam to serve our own customers better, ” he said.

Be U uses Mambu Digital Core as its technologies backbone and is located on Amazon Internet Services’ cloud. Based on Bank Islam, having zero legacy allows it to meet consumers’ needs quickly.  

Simply by leveraging its cloud-based advantage, the bank mentioned Be U users can benefit from the speed of the app and enjoy a curated, user-friendly and personalised financial experience.

Made available to the public since mid-June this year, Bank Islam targets in between 350, 000 plus 400, 000 downloading and users from the Be U application within the first 12 months of its operations.

With no cost to open an End up being U account through the platform, users can download the Bank Islam Be U application free through Google Play Store and Apple App Store.  

To learn more about Be U, customers can visit www.getbeu.com or adhere to Be U’s social networking accounts at Facebook @beubybankislam