Waafi Bank Technographics
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: GoDaddy for Application Hosting and Computing Services in 2020, Oracle Asset Liability Management for Asset and Wealth Management in 2022, Microsoft 365 for Collaboration in 2021 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 GoDaddy , Microsoft , Bluehost 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.
IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
| GoDaddy | Legacy | GoDaddy | Application Hosting and Computing Services | IaaS | n/a | 2020 | 2020 | ||
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Application Hosting and Computing Services | IaaS |
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2021 | 2021 |
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Application Hosting and Computing Services | IaaS |
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2023 | 2023 |
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Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle Asset Liability Management | Asset and Wealth Management | Investment Management | n/a | 2022 | 2022 | In 2022, Waafi Bank migrated Oracle FLEXCUBE, Oracle Banking Digital Experience and Oracle Financial Services Analytical Applications to Oracle Cloud Infrastructure to host core banking and analytics for finance and regulatory reporting. Based on Oracle's case study and the inclusion of OFSAA, Waafi Bank is inferred to have deployed Oracle Asset Liability Management as part of its analytics footprint, aligning with the Asset and Wealth Management category. The implementation centered on Oracle Asset Liability Management capabilities within OFSAA, with typical Asset and Wealth Management functions such as asset liability modeling, interest rate risk analytics, liquidity gap analysis, scenario and stress testing, and balance sheet forecasting configured for bank finance and treasury use cases. Configuration work focused on time series and term structure data models, calibration of risk engines, and templated regulatory outputs to support statutory reporting and internal treasury oversight. Architecturally, the OCI-hosted stack integrated OFSAA and the inferred Oracle Asset Liability Management instance with Oracle FLEXCUBE core banking and Oracle Banking Digital Experience to create near real time feeds for position, transaction and customer deposit data. Operational coverage concentrated on finance, treasury and risk teams within Waafi Bank in Malaysia, centralizing analytics and reporting pipelines on cloud infrastructure to reduce deployment friction for analytics releases. Governance changes emphasized centralized data controls and cloud security posture for finance analytics, with the cloud migration delivering faster deployments, improved performance and stronger security for the bank's finance analytics as reported in Oracle materials. The narrative positions Oracle Asset Liability Management as a component of a cloud-hosted finance and regulatory analytics architecture that supports ongoing treasury and risk workflows. |
Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft 365 | Collaboration | Collaboration | n/a | 2021 | 2021 |
ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
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Digital Banking | ERP Services and Operations |
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2022 | 2022 |
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eCommerce
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
Insight Source |
|---|---|---|---|---|---|---|---|---|---|
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eCommerce | eCommerce |
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2023 | 2023 |
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