54 ABOUT THIS REPORT WE ARE KENANGA LEADERSHIP STATEMENTS SUSTAINABILITY AT KENANGA KENANGA INVESTMENT BANK BERHAD SUSTAINABILITY REPORT 2023 Greening Data Centers Furthermore, as part of our ongoing commitment to fostering energy-efficient practices, we have launched a new initiative focused on greening data centers at the Group during the review period. This initiative involves upgrading to energy-efficient hardware, including servers, storage devices, and networking equipment, as well as virtualising servers to enhance resource utilisation. In 2023, the Group initiated this effort, completing approximately 10% of the upgrades for storage and servers. The primary goal of this initiative is to reduce energy consumption and improve overall energy efficiency. Cloud Adoption Strategy Our five (5)-year Cloud Adoption Strategy aligns with our group-wide digital transformation ambitions, aiming to fuel innovation and growth. Cloud infrastructure services will enhance scalability, performance, security, and resiliency across the Group. Non-production workloads have been successfully migrated to the Cloud this year. We are currently in collaboration with regulatory bodies to finalise the migration of production applications, a crucial step in enhancing efficiency and scalability through cloud-based solutions. Approach #1 – Public Cloud To expedite time-to-market, scalability, and resiliency for new cloud-native applications, we will utilise publicly available cloud infrastructure services such as Azure & Amazon Web Services (AWS). Approach #2 – Private Cloud Kenanga currently hosts many applications in its data center. We plan to implement a private cloud technology stack to modernise our on-premise data center infrastructure, incorporating cloud automation and security software. This initiative aims to enhance agility and flexibility in managing our infrastructure. Priority will be given to hosting time-sensitive applications and those with high latency requirements in the private cloud. Kenanga adopts a two (2)-prong cloud adoption strategy approach as follows: Key Initiatives: Our goal is to enhance the efficiency of the Remisier’s application in serving our clients. Cloud infrastructure, with its adaptability to varying usage demands, will enhance the scalability, resiliency, and flexibility of the application to better align with evolving business needs. We are progressively upskilling our IT workforce through Azure ESI offered by Microsoft to further build technical skills which also includes trainings and certifications. This is a programme offered by Microsoft to help employees to sharpen their technical skills and knowledge needed to be applied for Azure-related projects and initiatives. In FY2023, our IT personnel attended over 12 Azure training courses with a total of 430.3 training hours logged. Remisier Application Modernisation Azure Enterprise Skilling Initiative (“ESI”) We will continuously assess and make improvements to our systems and processes to ensure we remain at the forefront of digital transformation in the financial industry. Amongst some of the new solutions that we are looking forward to launch in 2024 include the launch of the first Wealth SuperApp in Malaysia, a new FX platform that will support our Treasury products, Project OMNI to fully digitalise our end-to-end processes, and enhanced features on our DCO Service. Future Outlook SUSTAINABLE ECONOMIC GROWTH
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