Microsoft Signs $236.4m Deal with Maybank

Malaysian financial group Maybank has selected Microsoft Azure as one of its main cloud platforms in a five-year agreement. Valued at RM1 billion ($236.4m), the contract will see Maybank using Microsoft Azure for some of its "most strategic systems, functions, and data workloads."

Dato’ Sri Khairussaleh Ramli, president & group CEO of Maybank, said: “This strategic partnership with Microsoft is a leap forward in our digital transformation journey beyond our M25+ strategy.  It’s not just about technology; it’s about thinking ahead on how we can better serve our customers, improving our ways of working, and accelerating innovations. With the right technology strengthening our core parts of our business, we are building a truly agile, faster, and more competitive environment for sustainable growth and long-term value creation for all our stakeholders and customers.”

Mayank Wadhwa, president of Microsoft ASEAN, added: “Malaysia stands at a pivotal moment in its digital journey, and Maybank is leading by example. By embedding intelligence into the core of financial services, Maybank is transforming how it serves its customers while setting a powerful example for the industry across ASEAN. At Microsoft, we are committed to supporting this bold vision, one that humanises innovation, empowers people, and accelerates inclusive economic growth for the region.”