KAF Digital Bank onboards with Temenos SaaS in Malaysia
KAF Digital Bank has started onboarding customers on Temenos SaaS to support its new Islamic digital banking operations in Malaysia.
The bank aims to deliver Shariah-compliant financial solutions by leveraging Temenos' Software-as-a-Service (SaaS) model, which is hosted on Microsoft Azure cloud infrastructure. KAF Digital Bank's adoption of this platform includes core and digital banking services, as well as payments, analytics, and access to Temenos Data Hub.
Early access customers are now being onboarded as part of the initial launch, marking the start of the bank's broader public offering strategy. The bank is focused on simplifying financial management and enhancing digital convenience for its clientele.
KAF Digital Bank's use of the SaaS model is intended to support the delivery of customer-focused banking services while allowing the institution to prioritise business growth over technological administration. The implementation supports a user-centric digital experience for customers seeking Islamic banking solutions.
The development occurs at a time when Islamic banking represents a significant and growing segment within Malaysia's financial sector, as demand for Shariah-compliant services continues to rise.
Rafiza Ghazali, Chief Executive Officer at KAF Digital Bank, said, "Powered by Temenos SaaS, KAF Digital Bank is redefining Shariah-compliant banking with smarter, simpler financial solutions and a seamless, customer-first digital experience. The successful go-live and early access customer launch marks a key milestone in our journey, enabling Malaysians to take control of their financial futures with greater confidence."
Will Dale, Managing Director – APAC at Temenos, commented, "This go-live not only strengthens Temenos' regional footprint in SaaS, but also shows the unique breadth of functionality and advanced technology we deliver. With proven capabilities tailored to the Malaysian market and Islamic banking, Temenos SaaS empowers KAF Digital Bank to achieve faster time to market, greater efficiency, and drive future growth. We are proud to partner with KAF Digital Bank."
The banking services launched through Temenos SaaS include core banking, digital channels, and integrated payment operations, complemented by analytics for business insights. The solution is hosted on the Microsoft Azure platform, which is designed to provide reliable cloud-based infrastructure and support scalability as KAF Digital Bank grows its customer base.
As part of its early-stage rollout, KAF Digital Bank is focusing on onboarding a select group of customers to refine its offerings and gather feedback prior to a broader public launch. The bank plans to use insights from this phase to further develop its products and digital services.
The move aligns with regulatory and consumer trends in Malaysia, where Islamic finance has seen substantial adoption and forms a key component of the country's national financial strategies. KAF Digital Bank's digital-first approach reflects broader industry efforts to meet the evolving needs of tech-savvy consumers and maintain Shariah compliance.
KAF Digital Bank is positioning its services to simplify users' financial management without compromising compliance or customer experience. The SaaS-based delivery is designed to enhance operational efficiencies while providing the flexibility to introduce new offerings and respond quickly to evolving market demands.
The collaboration between KAF Digital Bank and Temenos emphasises customer experience and business agility, leveraging Temenos' regional expertise and understanding of market nuances within Malaysia's Islamic banking sector.
Temenos has noted that its SaaS solutions are designed to help banks accelerate their digital transformation and respond more effectively to local market requirements. The company's collaboration with KAF Digital Bank is part of a broader expansion within the Asia-Pacific region.
Early feedback and customer adoption rates will play a significant role in guiding the bank's next steps and the eventual timeline for a full public launch. KAF Digital Bank aims to build on its phased approach to digital banking by leveraging cloud technology and offering tailored banking products that cater to the needs of Malaysia's Islamic finance market.
