CIMB has been recognised as Malaysia’s best transaction bank this year, thanks to its robust financial performance, innovative strategies, comprehensive product suite and extensive regional footprint.
The bank reported double-digit year-on-year growth in group transaction banking revenue, which now constitutes a significant share of the group’s overall income. Profit before tax rose markedly, while corporate deposit balances also experienced substantial growth – highlighting the bank’s strong financial position and the confidence it enjoys among clients.
A key contributor to this success is CIMB’s commitment to digital innovation, which further solidifies its standing as Malaysia’s leading transaction bank. The launch of CIMB Octo Biz – a next-generation, mobile-first digital banking platform – was a milestone. The platform features real-time dashboards, bulk and statutory payments, and seamless API integrations. The bank also introduced host-to-host connectivity and MT940/942 integration, enabling real-time cash visibility, alongside an API suite tailored for ERP and third-party system integration.
The launch of CIMB Octo Biz – a next-generation, mobile-first digital banking platform – was a milestone
CIMB’s product offerings are equally comprehensive. These include virtual accounts with customisable reconciliation and real-time notifications, corporate card solutions with centralised billing, analytics and expense management, and high-volume instant payment capabilities via Bulk DuitNow and DuitNow Pay. The bank also provides multicurrency accounts, FX booking tools, and modules for statutory payments.
Strategic enhancements have further strengthened CIMB’s proposition. These include the launch of a centralised treasury model incorporating payment-on-behalf-of and receipt-on-behalf-of structures, and the 3D Talent Academy, aimed at developing digital, data and disruption capabilities.
CIMB’s transaction banking services extend beyond Malaysia, with operations in Indonesia, Singapore, Thailand and Cambodia. With nearly 600 branches across the Asia-Pacific region, the bank benefits from an integrated regional structure that facilitates cross-border collaboration and the sharing of best practices.
