By Anas Abu Hassan
KUALA LUMPUR, Dec 9 (NNN-Bernama) — Alibaba Cloud Intelligence is ready to facilitate and cater to Malaysia’s financial services institutions’ (FSIs) growing need for cloud-based solutions by helping them to adopt new cloud services.
Alibaba Cloud Malaysia’s general manager, Kun Huang said despite the local FSIs’ rapid digitalisation, the actual cloud adoption has been rather slow due to the complex regulatory and security landscape.
“As the Malaysian market continues to head towards digitalisation, it is imperative for Alibaba Cloud to continue that momentum by catering to their growing needs,” he told Bernama in an exclusive interview, recently.
He said the company has launched a host of financial services solutions, with over 70 products designed to help FSIs across banking, insurance, securities and FinTechs to digitise their operations.
“These solutions are designed to support every stage of an FSI’s digital journey and provide easy access to cutting-edge cloud-native technology.
“Together, they deliver five core capabilities, covering over 20 business scenarios to improve FSIs’ operational efficiency, customer experience, security and compliance,” said Kun.
Alibaba Cloud financial services solutions offering includes a robust and elastic cloud infrastructure; security and compliance; agility in business application development; digital onboarding and servicing; and customer insights generation and analytics.
Kun noted that Malaysia is a pivotal market for Alibaba Cloud, given its great potential in the adoption of cloud computing solutions as well as adapting to the future of computing.
“By leveraging our extensive cloud capabilities and extensive industry know-how, we were able to develop and deliver a comprehensive suite of solutions aimed at advancing the growth and innovation of businesses in the financial sector.
“It is our strong hope that by expanding our product offerings for FSIs, we will be able to see more opportunities for growth in the future through the introduction and adoption of new technologies in financial services, providing end-users with benefits such as business growth, lower costs and better security,” he added.
— NNN-BERNAMA