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Bank Islam Malaysia and UK Islamic Fintech Kestrl Collaborate for the Launch of New Digital Bank 'Be U'

Bank Islam Malaysia and UK Islamic Fintech Kestrl Collaborate for the Launch of New Digital Bank 'Be U'

https://islamicmarkets.com/articles/bank-islam-malaysia-and-uk-islamic-fintech-kestrl-collaborate-for
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Bank Islam Malaysia Berhad (Bank Islam) and United Kingdom-based Islamic Fintech Kestrl have entered a strategic partnership for the creation and deployment of personal financial management (PFM) features for Bank Islam’s newly launched digital bank ‘Be U’, as per a press release issued on the 5th of August 2022.

Why it Matters?

Through the collaboration, which marks the first formal partnership between an Islamic Fintech and an Islamic Bank globally, Bank Islam aims to channel Kestrl’s PFM tool and the Be U app to market its Islamic banking products and cater to over 350,000 younger and digitally savvy users with expectations for the new offerings to be made available on the app by the end of 2022.

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