Alibaba Cloud Showcases Leading-Edge Solutions to Malaysian Enterprises to Accelerate Digital Transformation

Leading cloud provider signs MOU with Bank Muamalat Malaysia Berhad to use Big Data and AI to expedite financial inclusion

Kuala Lumpur, July 31, 2019 – Alibaba Cloud, the data intelligence backbone of Alibaba Group, today showcased its leading-edge solutions to Malaysian enterprises to accelerate their digital transformation at the first cloud summit held by the company in Kuala Lumpur, Malaysia. The summit drew participation from executives representing Malaysia’s top 100 companies, industry leaders, and tech experts to discuss the technologies and solutions brought by Alibaba Cloud. At the summit, Alibaba Cloud also signed an MOU with Bank Muamalat Malaysia Berhad to use Big Data and AI to expedite financial inclusion.

Selina Yuan, President of Alibaba Cloud Intelligence International said, "Since the establishment of our first local data centre in Malaysia, Alibaba Cloud has been paving the way to support local businesses to accelerate their digital transformation. As the No.1 cloud provider in Asia Pacific, we want to continue to promote inclusiveness through technology, so that customers can experience a world-class cloud system in terms of reliability, security, efficiency and interconnectivity."

At the summit, Alibaba Cloud also signed a Memorandum of Understanding (MOU) with Bank Muamalat Malaysia Berhad, one of the leading banks in Malaysia, in their effort to enable better access to financial services using technology, and tackle challenges of security and compliance that typically found in banking industry.

Abdul Razak Mohamed Ismail, CTO of Bank Muamalat Malaysia Berhad said: "The collaboration presents a perfect opportunity for us to use predictive analytics powered by big data and AI technologies to better understand our customer segmentations and preferences. It will not only allow us to offer better products and services to our customers, but also help us offer tailor-made financial services that suit their growth aspirations."

Alibaba Cloud has more than 70 security and compliance accreditations worldwide. The comprehensive set of compliance certifications allow the local financial customers as well as many other regulated industries to innovate in the cloud, and accelerate their way of digital transformation.

In addition to the cloud and AI-driven technologies, Alibaba Cloud will also share its best practices accumulated in the past two decades from Alibaba ecosystem. This will further empower Malaysia business partners to transform the way they market, sell, operate and succeed in the digital era.

Surina Shukri, CEO, MDEC said, "Technology serves as a powerful enabler to uplift society and improve the standard of living. Using technology to ensure easy access to affordable and effective financial services is critical to create balance in the society and achieve financial inclusion. We hope more companies within the ecosystem adopt technologies that not only increases their business effectiveness, but also plays a role in doing good for the community.

The summit was attended by distinguished guests including Surina Shukri, CEO of Malaysia Digital Economy Cooperation (MDEC); Dato' Hj Mohd Redza Shah Abdul Wahid, CEO of Bank Muamalat Malaysia Berhad; Muzzaffar Othman, CTO of Permodalan Nasional Berhad (PNB); Calvin Chee, VP of Enterprise Application Development & Integration (IT), Genting Malaysia; Syahrunizam Samsudin, CEO of Touch N’ GO; Patrick Khoo, CIO of Averis Sdn Bhd, RGE Group; Kanags Surendran, Head of Transforming Customer Journeys for CIMB; and Selina Yuan, VP of Alibaba Group, President of Alibaba Cloud Intelligence International. The sessions covered practical insights and success stories to empower enterprises and SMEs to accelerate their business transformation.

Alibaba Cloud has one the largest infrastructure networks in the Asia Pacific region, with operations in 56 availability zones across 19 regions globally, including Hong Kong, Singapore, Australia, Malaysia, Indonesia, India and Japan in Asia Pacific markets. It is also the only global cloud provider with local data centers in Malaysia, and also launched its first cloud-based Anti-DDos Scrubbing Center in Malaysia in 2018 serving the region.

About Alibaba Cloud

Established in 2009, Alibaba Cloud (www.alibabacloud.com), the data intelligence backbone of Alibaba Group, is among the world’s top three IaaS providers, according to Gartner. It is also the largest provider of public cloud services in China, according to IDC. Alibaba Cloud provides a comprehensive suite of cloud computing services to businesses worldwide, including merchants doing business on Alibaba Group marketplaces, start-ups, corporations and public services. Alibaba Cloud is the official Cloud Services Partner of the International Olympic Committee.