Feedzai and Al Rajhi Bank Malaysia (ARBM) have announced a partnership which will see Feedzai’s leading RiskOps solution implemented onto the platform.
“We are delighted that Al Rajhi Bank Malaysia has selected Feedzai as a trusted partner. In addition to providing the highest level of financial security for ARBM and its customers, our unified RiskOps platform will ensure that their teams have a single platform to handle everything fraud and financial crime-related,” said Nuno Sebastião, CEO at Feedzai. “By selecting a single, scalable solution that is already trusted by many of the world’s largest banks, Al Rajhi Bank Malaysia will ensure its customers are well protected against financial crime such as money laundering or scams which ultimately erode consumer trust in the financial system.”
Since 2021, ARBM set its vision to become the #1 Islamic innovation bank in Malaysia and initiated its digital transformation by building a digital bank. The bank is committed to invest in a customer-focused approach and to emerge as the leader in the Islamic banking industry while delivering greater value to their customers and deepening financial access and relevance.
Arsalaan (Oz) Ahmed, Chief Executive Officer, Al Rajhi Bank Malaysia, added: “Al Rajhi Bank Malaysia is launching a state-of-the-art digital bank which will be differentiated by its high levels of innovation, customer-centricity and reliability. Our strategic key partners have enabled us to tap into the vast potential of cutting-edge technology to help advance towards our vision of becoming the #1 Islamic finance innovation bank in Malaysia.
Feedzai was the stand-out provider to meet all our financial crime prevention needs in keeping our customers safe and secure in an ever evolving financial crime landscape. The partnership with Feedzai is in line with our commitment to innovation and re-imagining the 21st century banking experience.”