The move is intended to allow KBZ Bank to virtualise its data centre and meet the business demands of Myanmar's growing digital economy.
KBZ Bank will be modernizing its IT infrastructure for the benefit of all 482 branches and representative offices in Thailand, Singapore and Malaysia, the company announced in a press release.
Controlling more than 40 per cent market share of the commercial and retail banking business in Myanmar, KBZ Bank recognizes innovation and digital transformation to be crucial in its expansion at home and abroad, being Myanmar's only bank with an international presence. The bank said that the virtualised and agile environment would provide its employees with a digital workspace and the freedom to work on any device, giving them more opportunities to collaborate internally with others at the bank.
KBZ Bank's CEO and advisor to chairman Mike De Noma said that this is just one of the many steps they would take in support of the government's efforts to make Myanmar a digital leader in the decade ahead and to maintain its position as a mobile-first nation.