Bank Muamalat signs multi-year partnership with Google Cloud to boost digital transformation

Bank Muamalat of Malaysia is collaborating with Google Cloud to accelerate its digital transformation efforts and provide personalized and inclusive digital Islamic banking services to customers.
The partnership involves the adoption of several cloud-based solutions from Google Cloud.
These solutions include infrastructure modernization, developer cloud, Mandiant Threat Intelligence platform for cybersecurity, and Firestore for data storage.
Additionally, the bank will use Google Marketing Platform integrated with Looker and BigQuery for consolidating and analyzing first-party data.
The bank plans to apply generative AI (GenAI) using Google’s Vertex AI Search and Conversation platform to extract insights and recommendations from its data repository in natural language.
These solutions will complement the bank’s existing cloud-based core banking platform powered by Mambu and engagement banking platform from Backbase.
Bank Muamalat aims to leverage these technologies to enhance its Sharia-compliant financing and deposit offerings and strengthen its position as a digital-first bank.