To digitize its core banking system, Agrobank collaborates with IBM Malaysia to better serve the Malaysian agriculture sector, Small Medium Entreprises (SMEs) and communities.
IBM Power is specifically architected to match the enterprise’s most data-intensive workloads, delivering enterprise-class compute with a combination of availability, security, and the flexibility of hybrid cloud deployment – traditional on-premise, private cloud, and public cloud.
“The collaboration with IBM is timely. As a leader in agriculture financing and value-based intermediation (VBI) banking in Malaysia, Agrobank is embracing new technologies in its effort to stay ahead of the curve for agriculture financing and providing the best facilities for its customers,” said President/Chief Executive Officer, Tengku Ahmad Badli Shah Raja Hussin.
“The implementation of the new core banking system enables Agrobank to enhance its operations’ stability, security, resiliency and successfully reduce 50% of overall business processing time and management. As a result, the bank improved customer satisfaction in 192 locations across Malaysia.”
“Elaborating further, IBM Malaysia Managing Director and Technology Leader, Catherine Lian said.
“IBM is delighted to support Agrobank to leverage the right technology solution to enhance its banking operations. IBM Power brings unprecedented speed to AI workloads from the most powerful supercomputers at the bank, while providing the security and agility needed to meet the industry’s strict regulatory requirements,” she added.
IBM Malaysia has collaborated with its business partner, Silverlake Axis, to ensure smooth implementation, in line with Agrobank’s vision.
