Telekom Malaysia Berhad (TM) via its enterprise and public sector business solutions arm, TM ONE, recently inked a Memorandum of Collaboration (MoC) with Sunline Technology (Malaysia) Sdn Bhd to enable the transformation of banks and financial institutions with cutting-edge cloud-based solutions. Sunline is a leading banking software and technology services company and has footprint in the South East Asia market with almost two (2) decades of experience in China’s Financial Technology (FinTech) evolution.
With this MoC, TM ONE and Sunline will leverage on each other’s strengths and expertise on financial technology, technical capabilities and resources to enrich the digital financial services and drive the adoption of digital banking in the country.
The signing ceremony was held virtually between Ahmad Taufek Omar, Executive Vice President and Chief Executive Officer of TM ONE and Matthew Chen, Chief Executive Officer of Sunline Holding.
The documents were signed using TM ONE Digital Signature Solution (TMODS), a certified online signing platform that is compliant to Malaysian Communications and Multimedia Commission (MCMC) Digital Signature Act 1997, making the document legally-binding and recognised by Malaysian court of law.
Explaining the scope of this latest collaboration, Ahmad Taufek said, “The key to digital transformation for banks and financial institutions lies in digital services across Cloud services, connectivity, Cybersecurity and Smart Services. By understanding the Banking, Financial Services and Insurance (BFSI)’s market demand and requirements, we will be able to facilitate their service efficiency and accelerate business transformation with limitless possibilities, befitting TM ONE’s goal to take transformation forward for our enterprise customers. This partnership with Sunline is testament to our dedication towards helping BFSI industry to provide secure and seamless financial services.”
TM ONE is able to provide full stack cloud solutions, encompassing Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS) via TM ONE Cloud α (pronounced as Cloud Alpha), coupled with state-of-the-art network, infrastructure and cybersecurity features to support the FinTech solutions.
Meanwhile, Sunline provides comprehensive and secure financial solutions by integrating the latest technology trends with industry best practices. Via this partnership, both parties can develop possible strategies and solutions such as Comprehensive Cloud Banking Solution and Digital Lending/Funding System to deliver reliable, secure, agile and future-ready FinTech solutions on cloud platform.
Matthew Chen also stated, “Sunline is honoured to collaborate with TM. As the leading financial IT experts and driven with a purpose to make banking relevant, we believe our experience as well as continuous efforts and commitment in offering the most innovative technology advancements will help our customers with high quality innovative financial services to face the competitive market.”