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Bank Rakyat
Location
Menara 1, Menara Kembar Bank Rakyat No. 33, Jalan Rakyat, KL Sentral,
Kuala Lumpur, 50470,
Malaysia
Website
https://www.bankrakyat.com.my/
Phone
60 1 300 80 5454
Artw industry
Banking and Financial Services
Employee
Revenue

Bank Rakyat Technographics

Bank Rakyat Software Purchases and Digital Transformation Initiatives

Discover the latest software purchases and digital transformation initiatives being undertaken by Bank Rakyat and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 3022 Bank Rakyat employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.

During our research, we have identified that Bank Rakyat has purchased the following applications: LexisNexis Accuity Fircosoft for AML, Fraud and Compliance in 2018, Amazon EC2 for Application Hosting and Computing Services in 2014, Microsoft Teams for Audio Video and Web Conferencing in 2020 and the related IT decision-makers and key stakeholders.

Our database provides customer insight and contextual information on which enterprise applications and software systems Bank Rakyat is running and its propensity to invest more and deepen its relationship with LexisNexis , Amazon Web Services (AWS) , Microsoft or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

We have been analyzing Bank Rakyat revenues, which have grown to $1.41 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Bank Rakyat intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.

Bank Rakyat Data, Technology Stack, and Enterprise Applications
TRM
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
LexisNexis Legacy LexisNexis Accuity Fircosoft AML, Fraud and Compliance TRM n/a 2018 2018
In 2018 Bank Rakyat implemented LexisNexis Accuity Fircosoft as its core screening and transaction monitoring solution within the AML, Fraud and Compliance category. The deployment established LexisNexis Accuity Fircosoft as the bank screening engine for customer and third party screening and instituted structured workflows for ongoing AML/CFT monitoring and case management. Configuration focused on sanctions and watchlist screening, Politically Exposed Person detection, and assisted risk assessment support. The implementation integrated PEP detection via CTOS ConneX and screening feeds described as Bankers Accuity and Compliance Link, with functional workflows for Assessment, Profiling and Mitigation embedded into the LexisNexis Accuity Fircosoft configuration. Operational coverage included compliance and AML teams in Kuala Lumpur with documented activity through November 2019 to May 2020, indicating an operational rollout and review phase following the 2018 deployment. The solution was used to centralize screening, surface PEP hits for analyst review, and support knowledge capture of Malaysian regulatory requirements on AML/CFT. Governance changes emphasized a risk based approach to assessment, profiling and mitigation, with assisted risk assessment reviews introduced into analyst workflows via Compliance Link and the screening outputs from LexisNexis Accuity Fircosoft. Control points were configured to route screening exceptions and PEP matches into review queues to align day to day compliance operations with Malaysian AML/CFT expectations.
IaaS
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Amazon Web Services (AWS) Legacy Amazon EC2 Application Hosting and Computing Services IaaS n/a 2014 2014
Application Hosting and Computing Services IaaS 2019 2019
Content Delivery Network IaaS 2020 2020
Content Delivery Network IaaS 2019 2019
Content Delivery Network IaaS 2020 2020
Collaboration
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Microsoft Legacy Microsoft Teams Audio Video and Web Conferencing Collaboration n/a 2020 2020
CRM
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Call Center CRM 2015 2015
CRM CRM 2016 2016
Customer Experience CRM 2020 2020
Digital Advertising Platform CRM 2020 2020
Marketing Analytics CRM 2020 2020
Marketing Automation CRM 2020 2020
ERP Services and Operations
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Core Banking ERP Services and Operations 2020 2021
CyberSecurity
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Identity and Access Management (IAM) CyberSecurity 2015 2015
Secure Sockets Layer (SSL) CyberSecurity 2020 2020
VPN CyberSecurity 2020 2020
Web Application Firewalls (WAF) CyberSecurity 2022 2022
ITSM
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
IT Service Management ITSM 2015 2016
ERP Financial Management
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Payment Processing ERP Financial Management 2019 2019
IT Decision Makers and Key Stakeholders at Bank Rakyat
First Name Last Name Title Function Department Email Phone
No data found
Show All Contacts
Apps Being Evaluated by Bank Rakyat Executives
Date Company Status Vendor Product Category Market
No data found
FAQ - APPS RUN THE WORLD Bank Rakyat Technographics

Bank Rakyat is a Banking and Financial Services organization based in Malaysia, with around 3022 employees and annual revenues of $1.41 billion.

Bank Rakyat operates a diverse technology stack with applications such as LexisNexis Accuity Fircosoft, Amazon EC2 and Microsoft Teams, covering areas like AML, Fraud and Compliance, Application Hosting and Computing Services and Audio Video and Web Conferencing.

Bank Rakyat has invested in cloud applications and AI-driven platforms to optimize efficiency and growth, collaborating with vendors such as LexisNexis, Amazon Web Services (AWS) and Microsoft.

Bank Rakyat recently adopted applications including Imperva Sonar in 2022, Amazon Elastic Load Balancing (ELB) in 2020 and Cloudflare CDN in 2020, highlighting its ongoing modernization strategy.

APPS RUN THE WORLD maintains an up-to-date database of Bank Rakyat’s key decision makers and IT executives, available to Premium subscribers.

Our research team continuously updates Bank Rakyat’s profile with verified software purchases, vendor relationships, and digital initiatives identified from public and proprietary sources.

Subscribe to APPS RUN THE WORLD to access the complete Bank Rakyat technographics profile, including detailed breakdowns by category, vendor, and IT decision makers.