KUALA LUMPUR, Aug. 6 (Xinhua) -- Malayan Banking Bhd (Maybank), Malaysia's leading financial services group, has said that it has entered into a strategic partnership with U.S. tech firm Microsoft to accelerate its digital transformation.
Maybank said in a statement that this will see the bank embracing the power of Microsoft's collaboration suite, cloud, AI, and security capabilities to drive customer centricity, enhance operational agility, and foster a culture of continued innovation.
The partnership is for a value of approximately 1 billion ringgit (240 million U.S. dollars) over five years, which will include the upgrade of existing capabilities to Microsoft 365.
The partnership will explore the establishment of a Center of Excellence for both companies to collaborate on developing cloud and artificial intelligence (AI)-powered innovation, and in nurturing in-house talents in these areas.
The partnership will also cover Maybank's presence across ASEAN and beyond, and further underscores Maybank's commitment to drive digitalization and AI adoption in ASEAN. ■