Gearing Up for Malaysia Challenger Game
Levelling up by delivering a new vector of convenience and revolutionizing digital experience for the customers and underserved segments.
Keys to be Successful Digital Contenders in Malaysia
How can Malaysia challengers win the heart of customers and maintain business growth despite the fierce digital race?
Malaysia boasts a digitally savvy population, and despite high banking penetration of 85% currently, there is still room for significant growth, particularly in the area of underserved individuals and SMEs. More than 30% of consumers and businesses are willing to adopt digital banking!
While challengers in markets like the UK and Australia are raving about superior UX, the key to virtual banking is not only about differentiated UX. What makes challenger banks successful in Malaysia is whether or not it is delivering a new vector of convenience for the customer. Challenger banks need to shift the focus on the outcome and not the banking product. People don’t want a 5-year debt, they want a loan.
Are your customers waiting too long in branches, encountering poor digital experience, lacking of education for financial products, and products that are not tailored to their needs?
Fintech Explained – Why Digital Banks Matter in Malaysia
In an interview with Fintech News Malaysia, Jean Paul Meagui, President of International Sales, Member of the Executive Committee Temenos, shared insights on why digital banks matter in Malaysia. He was also joined by Suhaimi Ali, Director of Financial Development and Innovation at the central bank and other key C-levels from Axiata Digital, RHB Bank, Standard Chartered Bank, who are part of the pool of digital banking applicants in Malaysia.
Prepare You for the Digital Game
Fully Support Islamic Banking
Gain Customers Quickly with The Richest Front-to-Back Technology
Transform Underserved SME Banking Experience
Go-Live Faster
Innovate in Minutes, Launch in Days with Temenos Cloud
Seize Open Banking & Ecosystem Opportunities
Won the Hearts of Over 60 of Our Challenger Banks Customers
WeLab–Building Hong Kong’s First Multi-Cloud Challenger Bank
Temenos cloud-native technology empower WeLab to achieve elastic scalability and containerization. Now WeLab is active on AWS & Azure, a distributed multi-cloud infrastructure.
How Can We Support?
Fully Support Islamic Banking
Temenos Islamic Banking is fully compliant to Shari’ah requirements, processes and accounting entries. It is parameter-driven, enabling banks to adapt it to their own specific compliance requirements.
Islamic banking solution covers all areas, from retail to SME, wealth management and inclusive banking with rich functionality across all verticals.
Gain Customers Quickly with The Richest Front-to-Back Technology
Need to acquire and onboard new customers quickly to stay competitive with a front-to-back focus, complete with high levels of AI-driven customer insight? We got you covered.
Through Temenos Infinity – our ground-breaking front office product– and Temenos Transact – our next-generation core banking product – we support end-to-end digital renovations. Our solution deploys independently, which means that you will get the support throughout your digital journey however far you want to go.
Transform Underserved SME Banking Experience
Want to drive financial inclusion particularly to underserved segments includes retails, micro, small and medium enterprises? No problem.
Temenos sees an opportunity to fundamentally reimagine how to serve the SME sector, to implement an innovative digital-centric and data-driven service that can transform the experience of SME.
Go-Live Faster
It’s vital for challengers to establish a quick GTM strategy, to prioritize selecting proven packaged technologies that allow rapid time to market and build business momentum.
Challenger banks can go-live with Temenos as fast as in record time of 5 months, We can do even faster!
Our Build & Renovate implementation strategy dramatically reduces transformation time, cost and risk, supported by our Model Bank Framework and MVP (Minimal Viable Product)faster go-live.
Innovate in Minutes, Launch in Days with Temenos Cloud
Need to establish an operational capacity quickly and cheaply so that you can start to service new customers instantaneously? We got this.
Temenos cloud-native and cloud-agnostic solutions allow you to elastically scale on-demand and grow business at super cost-efficient model.
Challenger banks can easily extend services into new segments with the winning combination of localized, rich banking functionality and advanced cloud technology.
Temenos are available across all major public clouds: Microsoft Azure, Google Cloud, AWS, Huawei Cloud and Alibaba Cloud
Seize Open Banking & Ecosystem Opportunities
To ensure challenger banks are compliant and able to leverage the Open Banking trend, Temenos technology run natively on all major cloud platforms, exposes an extensive set of open APIs and allows easy integration to any third party systems.
We are with you.
What you can achieve with us
700+
700+Clients on Temenos Cloud
60+
60+ Challenger banks from the globe using Temenos solution
100+
100+ Fintechs in our Marketplace
$2Billion
$2billion USD cumulative R&D investment 1990-2018
Our Winning Customers
Australia’s Newest Digital Bank Goes Live on Temenos to Champion Fairer, More Human Banking Experiences
Next Commercial Bank – Success Story
Flowe – Success Story
Varo Bank – Success Story
EQ Bank – Sucess Story
Openbank – Success Story
More Insights
White Paper: The Digital Bank of Tomorrow
Digital Banking Made Human
Break the Boundaries of SME Banking
The Future of Challenger Banks
4 things to know before building a Virtual bank in Malaysia
Open Banking: A shared opportunity
Talk to us today
Thank you for your interest in the Temenos Challenger Banks solutions. Register below and our dedicated consultants will reach out to you within the next working day.