Microlink & SAP Sign Agreement Set To Innovate In Islamic Banking Space
Microlink Solutions Berhad has signed a services agreement with SAP® and joined its PartnerEdge® program. The intention is for Microlink to work together with SAP to deliver a next-generation Islamic banking solution that is customer-centric with faster go-to-market capabilities and that meets the requirements of the global Islamic banking community that Microlink and SAP serve.
Microlink will help SAP customers design, implement and integrate SAP banking solutions; optimise Islamic Banking business processes; and provide strategic business consultation. As an SAP partner, Microlink will take an active part in the support, customisation and deployment of SAP banking solution-based systems.
Peter Yong, Group Chief Executive Officer of Microlink Solutions Berhad, said, “It is a great honour for Microlink to be working alongside SAP, the market leader in enterprise application software. This agreement provides a unique opportunity to develop an Islamic Banking solution on the SAP platform leveraging Microlink’s in-depth expertise in conventional and non-conventional core banking processes.”
SAP’s Global Head of Financial Services Industries Ross Wainwright said, “The Islamic Finance space is a huge market. The agreement with Microlink, a Malaysian financial services technology provider, marks a step change for SAP to provide innovations to the Islamic finance space. We look forward to working with the Microlink team.”
Microlink and SAP have been working for the past 18 months in co-innovation activities to develop this new solution. A significant pipeline of prospective financial institutions has already been identified that the new Islamic banking platform can serve.
SAP PartnerEdge provides partners with access to resources, services and benefits that will help Microlink build and maintain a successful partnership with SAP, in turn helping it to optimise business results for clients. It provides a broad range of tools and resources that offer a strong foundation of support and collaboration that fosters unparalleled value and mutual business success for customers, partners and SAP.
More About Microlink
Microlink Solutions is part of the OMESTI Group of companies and a leader in global banking solutions catering to both conventional and Islamic Banking requirements. In addition to its core banking system, it offers a range of complementary modules that include ATM/Electronic Banking, Internet Banking, Trade Finance, Treasury, Risk Management, Branch Delivery System, Collection System, Phone Banking, Collateral Management and Cheque Management. The Microlink Group also specialises in systems integration and distribution of hardware on behalf of world-leading principals that include IBM, HP, EMC, Oracle and others.