Fusionex, Alliance Islamic Bank Partner to give SMEs’ Halal Business a Boost

Highlights-

• Fusionex will design, develop and deploy a one-stop digital platform to help halal businesses registered with the Halal in One program grow and thrive.
• The partnership supports the growth of SMEs with a wide range of digital solutions.
• Fusionex is the largest Big Data Analytics company and market leader in ASEAN.
• The company has featured in Forbes, Bloomberg, Gartner, IDC, Forrester, Edison, and Huffington Post.

Fusionex has signed an MoU with Alliance Islamic Bank to accelerate the latter’s Halal in One program. Fusionex is a well-recognized multi-award-winning data technology firm that specializes in Big Data Management, Analytics, the Internet of Things, Artificial Intelligence, and Machine Learning. Its wide range of offerings helps clients derive insights and unlock value from data.

Halal in One is a halal ecosystem that offers support to businesses entering the halal space. The program also helps SMEs obtain business advisory, halal certification, access to market opportunities, matching services, premises renovation, customized financing for certification costs and equipment hire purchase or working capital. (Source- https://www.businesswire.com/news/home/20210919005026/en/Fusionex-Signs-MoU-with-Alliance-Islamic-Bank-to-Accelerate-SMEs%E2%80%99-Halal-Business-Growth)

Under the current partnership, Fusionex will design, develop and deploy a one-stop digital platform for halal businesses registered under the Halal in One program so that they grow and thrive in a competitive market. And to help SMEs in their transformation journey, its digital platform makes use of an array of smart AI and Big Data Analytics solutions. The digital platform helps them predict market trends, meet customer demand, automate operational processes and scale their business. This platform can also be used to increase accessibility to the halal industry. All the data is centralizing, thus providing enhanced visibility and it simplifies procedures, too. All of this helps save time, cuts down on costs and greatly reduces IT complexity to decrease the number of steps needed to enter the halal market.

What Fusionex offers

Fusionex offers local SMEs an opportunity to create personalized shopping experiences, to meet customer requirements, which have seen exponential growth in recent times. The smart, quick, and intelligent digital tools of Fusionex help to gain a deeper knowledge about its customers. It permits SMEs to increase sales, optimize resources, and deliver targeted marketing campaigns by replacing guesswork with concrete insights gleaned from hard data.

Fusionex brings state-of-the-art, innovative, and breakthrough data-driven platforms to its stable clientele (including Fortune 500, FTSE companies, large conglomerates, as well as a wide array of SMEs) that spans across the United States, Europe, and the Asia Pacific. Fusionex is an Innovation Network (GAIN) company and MDEC Global Acceleration and has received prestigious awards like MSC, R&D and MGS awards. (Source- https://www.businesswire.com/news/home/20210919005026/en/Fusionex-Signs-MoU-with-Alliance-Islamic-Bank-to-Accelerate-SMEs%E2%80%99-Halal-Business-Growth)

All about Alliance Islamic Bank

Alliance Islamic Bank Berhad (AIS) is a wholly-owned subsidiary of Alliance Bank Malaysia Berhad (Alliance Bank). The bank offers a wide complement of Shariah-compliant products and services for different businesses and customers. AIS is an ardent promoter and supporter of initiatives that create a positive impression on business,  the environment, and the community.

Expert’s take

Dato’ Seri Ivan Teh, Group CEO of Fusionex, said, “We are pleased to be collaborating with Alliance Islamic Bank on their Halal in One program to nurture and develop the halal SME segment via digitalization. I believe that Fusionex’s digital platform will be able to help Halal in One clients with their digital transformation journey.”

Teh added: “This will take their businesses from offline to online, adopt a hybrid business approach and utilize omnichannel strategies to expand their market reach – future-proofing operations to weather challenges that may come their way. With the collaborative efforts from all parties, this partnership introduces new ecosystems and connectivity that will generate new revenue streams, transform the way business is conducted, and empower these SMEs to achieve their fullest potential.”

Teh elaborated: “I applaud Alliance Islamic Bank’s Halal in One program for providing SMEs with a one-stop business solution to help accelerate SMEs’ growth and boost Malaysia’s standing in the international halal market. Our platform’s loyalty management features let entrepreneurs not only entice new customers but retain them via attractive, personalized rewards and gratifications.”

Rizal IL-Ehzan Fadil Azim, CEO of Alliance Islamic Bank, said, “We strongly believe in the strength of partnerships to support the growth of SMEs. Fusionex offers various digital solutions that help SMEs stay competitive. For example, their analytics intelligence provides insights into customer segments, enabling our Halal in One clients to boost their business performance, agility and growth using the data provided.”