June 29, 2017

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KBZ partners with Microsoft to upgrade banking services

KBZ Bank Ltd Chairman U Aung Ko Win and official of Microsoft  Corporation in Yangon exchange notes. Photo: KBZ
KBZ Bank Ltd Chairman U Aung Ko Win and official of Microsoft Corporation in Yangon exchange notes. Photo: KBZ

Kanbawza Bank signed an agreement with Microsoft Corporation in Yangon on Friday with the aim of helping the bank to meet international banking standards.
US Ambassador to Myanmar Mr Derek Mitchell, Chairman of KBZ Bank Ltd U Aung Ko Win and Microsoft’s Asia Pacific Vice President Mr Bertrand Launay attended the signing ceremony.
“The banking sector plays an important role in the country’s development. Microsoft has joined with KBZ for our first partnership in the country. We can help KBZ upgrade its banking standards and banking security,” said Mr Launay.
“As KBZ Bank handles a large portion of Myanmar’s banking sector, we chose to partner with Microsoft because of its strong technology and global leadership to upgrade our banking services,” said Senior Managing Director of KBZ Group U Nyo Myint.
Microsoft’s Asia Pacific General Manager Ms. Michelle Simmons explained the companies’ plans to fulfil their corporate social responsibilities.
Ambassador Mitchell said the partnership would benefit not only KBZ Group, but also Myanmar’s entire banking sector. He also pledged to urge international banks to invest in Myanmar.  As part of the agreement, KBZ will use Windows 10 devices, Skype for Business and SharePoint for the development of its IT infrastructure.

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