The regional technology solutions provider has received a blanket purchase agreement (BPA) amounting to USD28.44 million (c. RM125.14 million) (exclusive of service tax) from The Siam Commercial Bank (SCB).
Under the agreement, Infomina (Thailand) Co. (Infomina TH) will provide technology application and infrastructure operations, maintenance and support services and to provide solutions for the improvement and implementation of SCBX Group API (Application Programming Interface) gateway in line with SCBX Group’s strategy to transform beyond fintech economy.
The project will be carried out over a period of three years commencing from January 1, 2023 to December 31, 2025.
Specifically, Infomina TH will upgrade, transform and provide support services to SCB’s core banking applications.
Additionally, it will also upgrade and expand SCBX Group’s API gateway for the transformation of the SCBX Group of companies to become a regional financial technology group that creates long-term value and sustainable growth.
To recap, SCB X Public Company Limited is the parent company of the SCBX Group, with businesses comprising banking; consumer finance and digital financial services and platform; and digital technology.
“This RM125 million BPA from Siam Commercial Bank will be carried out over a period of three (3) years. Notably, Infomina will improve and implement SCB’s API gateway in line with SCBX Group’s strategy to transform beyond the fintech economy,” Managing Director of Infomina, Yee Chee Meng said.
“I would like to put on record my appreciation to SCB for their trust in our abilities and their support. I am delighted that Infomina has been chosen by the SCBX Group as their partner for their long term strategy to transform beyond the fintech economy. Infomina strives to not only maintain but constantly improve our service quality and value add to all our clients,” Yee remarked.
“With this BPA, our outstanding orderbook balloons to over RM500 million. This is truly a fantastic achievement to land a project of such a size in a market outside of Malaysia. Over the near term, we look forward to more such wins as we leverage on our superior domain expertise to deliver solutions to our customers in key markets across the region,” he concluded.
