KUALA LUMPUR: Microlink Solutions Bhd's wholly owned subsidiary, Microlink Systems Sdn Bhd, has bagged an RM48.55 million contract to upgrade Koperasi Co-opbank Pertama Malaysia Bhd's (CBP) existing MiBS core banking platform.
Microlink group chief executive officer Ramlee Abdullah said the company had been CBP's trusted core banking partner and solution provider for over 20 years.
"As such, we have in-depth knowledge of CBP's banking operations, and our team is very familiar with their working processes.
"With the upgrades enshrined in our new core banking system, we will be able to help drive CBP's banking operations into the digital era.
"We are delighted to be continuing our long-standing relationship with CBP and embarking on this new phase of digitalisation with them," he said in a statement today.
Microlink said the upgraded IT solution blueprint includes the digital banking enablement of mobile and internet banking to deliver a new user experience and help expand the CBP customer base.
In addition, new capabilities such as hire-purchase, financing origination and micro-financing will form part of the enhanced platform.
The project is scheduled to be for a duration of 24 months with ongoing maintenance for a further three years.
"Our extensive experience in implementing our core banking solution includes several projects for clients in the Islamic sector.
"We understand the requirements for shariah-compliant co-op business and operations.
"This will help ensure a smooth transition for CBP and minimise any potential disruption to operations during the changeover to the newly enhanced system," Ramlee added.