Kanbawza Group embarks on digital transformation
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Kanbawza (KBZ) Group of Companies has clinched an IT deal with Microsoft, in a move to modernise its IT infrastructure.
Kicking off the rollout will be one of its flagship companies KBZ Bank, the largest commercial bank in the country, currently operating over 300 branches and 350 ATMs and over 80 currency exchange counters in Myanmar. The digital transformation journey will at a later stage involve the other subsidiaries of KBZ Group, which includes interests in mining, banking, aviation, insurance, manufacturing, agriculture, real estate, trading, healthcare, tourism and hospitality.
Over 7,000 PCs of the group can access to cloud and mobile-optimised IT services. KBZ Bank expects to fully implement this IT transformation in 12 months.
Stephane Lemoureux, IT Director, KBZ Group, said: “This partnership not only enables us to grow our business, but also raises our brand value in both the country and region due to our commitment to security and intellectual property rights. For example, Microsoft Sharepoint, Skype for Business and Office Pro Plus will alleviate a lot of current mundane and manual processes at the organisational level and will help maximise efficiency.”
The group's investment is expected to enable it to compete more effectively in a very dynamic marketplace.
Not revealing the investment sum, Microsoft aid that the enterprise agreement with KBZ Group of Companies is its largest IT deal in Myanmar to date. Microsoft has established its presence in Myanmar since 2013.
The deal reflects the rapid development and potential of Myanmar’s financial services industry, which is set to see more embark on the course of digital transformation.
“This agreement with KBZ Group is testament to the focus Microsoft has had in the growing demand in emerging markets for enterprise grade, world class technology that people and organisations can trust. Myanmar’s banking industry is on the fast track to modernisation,” said Bertrand Launay, Vice President, Microsoft Asia Pacific. “We look forward to growing our presence in Myanmar to enable its organisations, the IT ecosystem and its people to do more, connect and transact digitally as the country takes on a rapid path towards growth.”
