Waafi Bank Technographics
Waafi Bank Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Waafi Bank and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 21 Waafi Bank employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Waafi Bank has purchased the following applications: Oracle Banking Digital Experience Cloud Service for Digital Banking in 2022, Microsoft 365 for Collaboration in 2021, WooCommerce for eCommerce in 2023 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Waafi Bank is running and its propensity to invest more and deepen its relationship with Oracle , Microsoft , Automattic 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 Waafi Bank revenues, which have grown to $3.0 million 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 Waafi Bank 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.
Waafi Bank Tech Stack and Enterprise Applications
Waafi Bank ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle Banking Digital Experience Cloud Service | Digital Banking | ERP Services and Operations | JMR Infotech | 2022 | 2022 |
In 2022, Waafi Bank implemented Oracle Banking Digital Experience Cloud Service as part of a broader Oracle Cloud Infrastructure deployment to launch a Shariah compliant, digital only international Islamic bank. The implementation is classified in the Digital Banking category and was designed to provide an omnichannel customer engagement layer alongside core banking and analytics platforms.
Waafi Bank deployed Oracle FLEXCUBE for core banking, Oracle Financial Services Analytical Applications OFSAA for analytics, and Oracle Banking Digital Experience Cloud Service as the omnichannel delivery and digital channel management tier. Configuration and functional work addressed channel orchestration, customer onboarding workflows, account servicing, and analytics dashboarding consistent with Digital Banking operational terminology. Oracle Banking Digital Experience Cloud Service was configured as the customer-facing front end, implementing channel APIs and UI templates to support retail Islamic banking workflows.
All components were provisioned on Oracle Cloud Infrastructure, with Oracle FLEXCUBE, OFSAA and Oracle Banking Digital Experience Cloud Service co-located to minimize latency between transaction processing and analytics layers. Implementation partner JMR InfoTech delivered integration and implementation services in conjunction with Oracle Cloud Lift Services, covering infrastructure provisioning and integration of the digital channel layer. The operational coverage specified Labuan and Malaysia as the deployment footprint for the bank's international operations.
Governance and rollout followed a coordinated cutover and go live program, with the environment going live in July 2022, and OBDX used as the bank's omnichannel delivery layer according to Oracle's customer case study. The program spanned core banking operations, analytics, and digital channels and established the systems and workflows required to operate the Shariah compliant, digital only bank. No additional cost, performance, or quantified outcome data was provided in the source materials.
|
Waafi Bank Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft 365 | Collaboration | Collaboration | n/a | 2021 | 2021 |
|
Waafi Bank eCommerce
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Automattic | Legacy | WooCommerce | eCommerce | eCommerce | n/a | 2023 | 2023 |
|
Waafi Bank Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Asset and Wealth Management | Investment Management |
|
2022 | 2022 |
|
Waafi Bank IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Application Hosting and Computing Services | IaaS |
|
2020 | 2020 |
|
|
|
|
|
Application Hosting and Computing Services | IaaS |
|
2021 | 2021 |
|
|
|
|
|
Application Hosting and Computing Services | IaaS |
|
2023 | 2023 |
|
IT Decision Makers and Key Stakeholders at Waafi Bank
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
| No data found | ||||||
Apps Being Evaluated by Waafi Bank Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| No data found | ||||||