Addressing BNM’s Cloud & Data Risk Management in Technology (RMiT) Policy for Financial Institutions in Malaysia - eBook

The financial industry in Malaysia geared up for change after the Bank Negara Malaysia (BNM) released a Risk Management in Technology (RMiT) Policy for Financial Institutions in 2020. RMiT highlights the need to provide and enable a secure framework for technological innovation, as the country and businesses operating in Malaysia shift toward digitization. Banks able to adopt a cloud strategy can move with agility to keep up with rapid market shifts, harness multiple cloud analytics solutions for smoother and faster operations, and potentially scale-up their offerings while controlling cost.