CIMB Group integrates transaction banking across the region

Introduced single internet banking platform across Malaysia, Indonesia, Singapore and Thailand.

CIMB Group on Monday inked an agreement with PT Aprisma Indonesia to form a strategic partnership to roll out BizChannel across Malaysia, Indonesia, Singapore and Thailand, according to a CIMB report.

“In view of our strategy to grow our current and saving accounts (CASA) and Fee Income as well as embed our branding as a solid Transaction Bank in ASEAN, this project is to introduce a single internet based front-end platform for corporates, consolidating both Trade Finance and Cash Management products and services,” said Arwin Rasyid, President Director, PT Bank CIMB Niaga, Tbk.

Speaking at the signing ceremony on behalf of the Group, Arwin explained that the technology provided by Aprisma includes simple features from Letter of Credit openings to complex Supply Chain modules under Trade Finance with new Account Structure models and Mobile Authorisation under Cash Management. It also contains Enterprise Resource Planning integration capabilities.

Dato Sri Nazir Razak, Group Chief Executive, CIMB Group signed the agreement while PT Aprisma Indonesia was represented by its Chairman, Iljas Ridwan.

Meanwhile, Susanto Chandra, Managing Director of PT Aprisma Indonesia said, “We are honoured that CIMB Group has awarded us this regional mandate. Our technology capabilities and up-to-date features and modules will support CIMB Group's efforts to further grow its transaction banking business and promote efficiency.”

Arwin also explained that the project is also to unify CIMB's Transaction Banking franchise across Malaysia, Indonesia, Singapore and Thailand and to promote 'Forward Banking' by introducing new BizChannel, as the regional Champion Product for Transaction Banking.

“This partnership with Aprisma reflects CIMB Group's support for local companies throughout the region. We are an indigenous ASEAN franchise and we will continue to provide opportunities for local companies to regionalise their businesses alongside our own,” Arwin added.

Follow the link for more news on

Also Read

Standard Chartered launches digital request quote module Autoquote

Citi launches Token Services for Cash for institutional clients

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit