SINGAPORE, Oct 14 — IBM Malaysia is eyeing opportunities in the banking industry in Malaysia, said managing director, Paul Moung.
Moung said the current development in the banking and financial industry will make them busier next year to monitor the progress of the core banking information technology infrastructure system and rising concern on the security issues.
Its managing director, Paul Moung, said from the company perspective, the
banking industry required a high demand for innovations and needed to update the current technology in order to remain competitive.
“The banking industry is our top priority now because we see most of the financial institutions and banks will be busy for the next 12-18 months on their infrastructure investments, including for basic information technology requirements and modernising their data centres,” he told Bernama today.
Currently, IBM Malaysia focuses on the software, hardware and services with each of them contributing 30, 20 and 50 per cent respectively to the earnings.
He said following the recent automated teller machine heist, IBM has initiated talks with the local banks regarding the security issue.
“Some banks asked us to come back and we already told them what we can offer and do for them. We see there is a lot of opportunities,” he said.
On IBM’s new Watson system, Moung said he was confident it would be a game changer in the local industries for its ability to interact in natural language, process vast amounts of disparate forms of big data and learn from interaction.
He said the sectors that could leverage on Watson included retail, communication, government, healthcare and banking.
“Watson can give the benefits to each company differently,” he said.
The company, he said, has attracted some interest from healthcare and banking organisations. — Bernama
