Digital Digest: The Latest Tech News – ARBM, Malaysia

Editorial Staff

3 March 2022

ARBM, Malaysia
is building a digital and Islamic bank in Malaysia, working with management consulting firm Oliver Wyman and technology and software engineering group GFT.

ARBM said in a statement yesterday that it will carry out a complete digital redesign of its products, services, and channels for this new digital bank.

The bank wants to be “the number one Islamic finance innovation bank in Malaysia,” Arsalaan (Oz) Ahmed, chief executive, ARBM, said.

ARBM is a wholly owned subsidiary of Al Rajhi Bank Kingdom of Saudi Arabia (KSA), which was locally incorporated in October 2006. Following its official launch in 2007, ARBM became the first Arab bank to start its operation in South East Asia.