Malaysia’s KAF Digital Bank launches on Temenos SaaS platform

By Gloria Methri

KAF Digital Bank, one of Malaysia’s licensed digital banks, has officially gone live with Temenos’ Software-as-a-Service (SaaS) platform, supporting the bank’s early access rollout of its Islamic digital banking services.

The launch marks a milestone in KAF Digital Bank’s development as it begins onboarding early customers and prepares for a broader public release. Built on Microsoft Azure cloud infrastructure, the Temenos platform provides a comprehensive suite of core and digital banking capabilities, including payments, analytics, and data services.

KAF Digital Bank aims to simplify the delivery of Shariah-compliant financial services, positioning itself within Malaysia’s fast-growing Islamic finance ecosystem. Malaysia remains a key market for Islamic banking, with increasing demand for digital-first, faith-based financial solutions.

By adopting a SaaS model, the bank shifts focus away from managing IT systems toward enhancing customer experience and scaling business operations more efficiently. The cloud-native setup is expected to accelerate time to market and support long-term product innovation.

KAF Digital Bank CEO Rafiza Ghazali described the launch as a pivotal step: “This milestone enables us to offer a smarter and simpler digital banking experience that aligns with Islamic principles. We look forward to expanding access to modern financial services through a user-centric model.”

Temenos’ APAC Managing Director, Will Dale, noted the strategic significance of the deployment in Malaysia: “The go-live underscores the flexibility and depth of our SaaS capabilities tailored for Islamic finance. We see this as a strong example of how Temenos technology supports regional growth and regulatory alignment.”

The partnership reflects broader shifts in Southeast Asia’s banking sector, where digital transformation, Islamic finance, and cloud-based infrastructure are converging to reshape traditional models of financial service delivery.