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PETALING JAYA, 26 January 2023 – MBSB Bank Berhad (‘MBSB Bank’) today signed a Memorandum of Understanding (‘MOU’) with CelcomDigi as part of its continuous digitalisation journey to future-proof its banking operations and enrich customers’ experiences. This maiden partnership between the Islamic bank and the country’s largest telecommunications company will support MBSB Bank to continue serving its customers better and at the same time, enhance its operational efficiency.

Under this partnership, MBSB Bank and CelcomDigi will explore opportunities in end-to-end smart banking solutions that include comprehensive services for cyber security, smart retail solutions financing, and cloud infrastructure technology, amongst others. Additionally, both companies intend to collaborate on finding new commercial opportunities and joint go-to-market activities that will benefit their customers and employees.

The MOU was signed between MBSB Bank’s Group Chief Executive Officer, Datuk Nor Azam M. Taib and CelcomDigi’s Chief Executive Officer, Datuk Mohamad Idham Nawawi at a ceremony held at CelcomDigi Tower in Petaling Jaya.

Expressing his optimism on this development, MBSB Bank’s Group Chief Executive Officer, Datuk Nor Azam M. Taib said, “Partnering with CelcomDigi is certainly a key milestone especially in an industry like ours which has become increasingly competitive due to technological advances, hence it is our hope that working strategically with a market leader can accelerate our progress in that space.”

He also added, “We plan to establish industrial IoT solutions as part of the business financing, focusing on green tech adoption, automation and quality assurance. We also intend to leverage on cloud technology in order to advance our digital capabilities as this shall help to increase our competitiveness level”.

Echoing his comments, CelcomDigi’s Chief Executive Officer, Datuk Mohamad Idham Nawawi said, “We are excited to be MBSB Bank’s trusted digital partner to support their digitalisation needs. We believe we have the right expertise and resources that will help advance MBSB Bank’s digital capabilities, as the bank progresses in leveraging technology to bring enhanced products, services, and experiences for its customers. We look forward to unlocking more value from our synergies, as we innovate together while supporting the nation’s digital agenda.”

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