Bank of Valletta has consolidated its strategic partnership with Microsoft, introducing a new Cloud Centre of Excellence, dedicated to accelerating cloud adoption and fostering a culture of technological innovation.

The bank also announced that it will will implement such AI-driven sustainability initiatives to optimise energy consumption and enhance operational efficiency, aligning with the Bank’s sustainability goals.

“The new Cloud Centre of Excellence is part of the Bank’s digital transformation journey through its strategic partnership with Microsoft reinforcing its commitment to innovation and its focus on providing secure, efficient, and future-ready financial services,” a statement read. 

The signing of a Memorandum of Understanding (MoU) with Microsoft, which was formalised at BOV Centre in Santa Venera, represents a pivotal step in BOV’s commitment to digital excellence, modernising its operations, enhancing cybersecurity and delivering an elevated experience for its customers.”

Kenneth Farrugia, the Bank’s CEO, emphasised the importance of this collaboration saying it “enables us, as a leading financial institution, to harness the power of transformative technologies to better serve our customers.” 

“By leveraging Microsoft’s cutting-edge technologies and expertise, in the fields of cloud computing, artificial intelligence (AI) and advanced security solutions, the Bank will accelerate its digital strategy and strengthen its position as a leader in the evolving financial landscape. This initiative forms part of our strategy to make banking smarter, safer and more accessible to our customers, enhancing the rate of innovation in an equally rapidly changing industry,” he said.