Sedania unit offers solutions to digital bank licence holders
Sedania Innovator Bhd is offering a full suite of digital banking solutions to the recipients of Malaysia’s digital banking licences.
The company said in a statement yesterday the solutions would be deployed via its financial technology (fintech) arm, Sedania As Salam Capital Sdn Bhd, and its technology partners.
Among the winners of the digital banking licences is a consortium involving Aeon Credit Service (M) Bhd, which is using Sedania As Salam’s Integrated Tawarruq Trading Solution for Islamic Financial Institutions.
Additionally, another client of the company is part of a consortium that secured one of the three conventional digital banking licences under the Financial Services Act 2013.
Through its partnership with Sedania As Salam, the client currently offers a syariah-compliant personal financing product to platform users of its super app.
Sedania As Salam chief executive officer Khairul Nisa Ismail said the company was supporting its clients to roll out marketready solutions within the stipulated time.
“Additionally, we are very keen to explore the possibility of partnering with the other three new digital banking licence holders. Sedania As Salam possesses the technological capabilities and experience to complement efforts aimed at establishing their respective digital banking infrastructures,” she said.
Among those whom Sedania As Salam has partnered with are internationally recognised technology players Crealogix and Mambu, both which are operating seamlessly using digital solutions within these new types of digital banking environments.
Crealogix, a Swiss fintech company, is a global leader in digital banking technology with 25 years of experience providing services for leading financial institutions.
Mambu is a German software company with its headquarters in Berlin. It provides infrastructure for banks and financial service providers according to the software as a service model.
Sedania As Salam said it was pleased to be able to play a part in contributing to greater financial inclusion by offering products and services to address market gaps in the underserved and unserved segments. This includes promoting suitable and affordable financial solutions.
More importantly, Sedania As Salam said it had the capabilities to serve a diverse range of parties looking to offer digital banking solutions including banks, industry conglomerates, technology firms, e-commerce operators, fintech players, cooperatives and state governments.
Additionally, we are very keen to explore the possibility of partnering with the other three new digital banking licence holders. KHAIRUL NISA ISMAIL Sedania As Salam Capital Sdn Bhd chief executive officer