- GTI Bank adopts blockchain technology for enhanced security and efficiency in a bid to provide best-in-class services to its diversified clientele base.
- TM ONE to provide cloud hosting, cloud managed services, professional services and cybersecurity solutions to support GTI Bank’s BlockChain System.
TM ONE, the enterprise and public sector business solutions arm of Telekom Malaysia Berhad (TM), today signed a Memorandum of Understanding (MoU) with Golden Touch Investment Bank Ltd (GTI Bank), for the appointment of TM ONE as the preferred digital partner to accelerate the bank’s digital transformation. Under this partnership, TM ONE will be providing cloud hosting and cybersecurity services for GTI Bank to digitalise its service offerings for a better customer experience.
The MoU was signed by Tan Sri Lee Kim Yew, Founder of GTI Bank, while signing on behalf of TM ONE was Ahmad Taufek Omar, Executive Vice President and Chief Executive Officer of TM ONE.
At the signing ceremony, Ahmad Taufek said, “TM ONE is happy to announce this alliance with GTI Bank and ready to deploy our professional and support services, from migration to maintenance of the end-to-end cloud solution. We have the expertise and capabilities to accelerate the digital transformation journey of our enterprise customers across multiple industry verticals, including banking. Our TM ONE Cloud α (pronounced as Cloud Alpha) and secure, robust cybersecurity capabilities powered by TM’s Global Security Operation Centre (GSOCs) are set to support GTI Bank’s BlockChain System. This will enable the bank to deliver a simpler, faster and more convenient banking experience to its end customers.”
“We understand that it is important for every blockchain users from different countries to be able to access the system without resistance. Our cloud solutions hosted on a high resiliency Data Centre, which is globally certified with Uptime Tier III standards, will minimise system downtime and ensure 24×7 business continuity for GTI Bank. The solutions will meet the bank’s need for resilient cloud services and address customer’s security, privacy and compliance requirements. This befits our role as the sole Malaysian Cloud Service Provider (CSP) under the MyDIGITAL – Malaysia Digital Economy Blueprint (MyDIGITAL),” added Ahmad Taufek.
Meanwhile, Tan Sri Lee said: “The potential of blockchain is enormous as we see more opportunities are emerging from this innovative technology. The world is now embracing digital technology at a pace faster than ever before, particularly in the banking and finance business. We are pleased to have TM as our digital partner as it would provide more confidence to our clients on the security and stability of the system.”
“The strategic move of GTI Bank is also aligned with the MyDIGITAL Blueprint launched by the Prime Minister YAB Tan Sri Muhyiddin Yassin. We will help to create an effective digital ecosystem by leveraging on the full advantage of blockchain technology to propel the nation towards achieving a digital economy,” added Tan Sri Lee.
This strategic collaboration combines the strength of both companies to enhance the digital initiatives, focusing on blockchain and platform technologies using cloud services, secured via cybersecurity solutions.
[Source: TM ONE Newsroom] URL: https://www.tm.com.my/Newsroom/Pages/GOLDEN-TOUCH-INVESTMENT-BANK-APPOINTS-TM-ONE-AS-ITS–PREFERRED-DIGITAL-PARTNER.aspx and for more info on GTI Bank, visit https://gti-bank.com