AmBank to transform digital banking capabilities


KUALA LUMPUR, 15 Jun -- Ketua Pegawai Eksekutif Kumpulan AmBank Group Datuk Sulaiman Mohd Tahir (tiga, kiri) bersama Ketua Pegawai Eksekutif Proton Edar Sdn Bhd Rohime Shafie (kanan) ketika membuat perlepasan rombongan Perdana Baharu di Menara AmBank hari ini. --fotoBERNAMA (DIGI) HAKCIPTA TERPELIHARA

KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) wants to transform its digital banking capabilities and expects to launch new digital products over the next six months.

Group chief executive officer Datuk Sulaiman Mohd Tahir said the inclusion of financial technology (fintech) towards better mobile banking, cash management and understanding customer behaviour was now becoming very important to the bank.

“This will help us drive better productivity as a whole,” he told reporters after welcoming the new Proton Perdana Motorcade at Menara AmBank in Kuala Lumpur on Wednesday.

Sulaiman said fintech would be made available with the cooperation of the bank’s current partners like shareholder ANZ Banking Group, Insurance Australia Group and MetLife Insurance Company, or buy it over the shelf.

“Our partners are better in terms of the technology and I would like to leverage on that,” he said.

“We want to see major transformation and change moving towards mobile online banking. Once we make it better, we hope to have the majority of the bank’s current and saving accounts (CASA) holders to do online banking with the bank,” he added.

The bank has three million CASA holders and currently only 5% are using the bank’s online banking.

To a question on the impact if the ANZ Banking Group disposed of its 24% stake in AmBank, Sulaiman said he “sees no effect”.

“ANZ has been with us for very long time since 2008. The needed  infrastructure are pretty much already put in place. 

“Whoever the shareholder may be, the bank’s position in terms of building itself to become a relevant financial institution is more important,” he said.

A motorcade consisted of six new Proton Perdana cars made a stopover at Menara AmBank, led by Proton Edar Sdn Bhd chief executive officer Rohime Shafie.

AmBank has an ongoing financing programme for Proton customers, with a hire purchase of up to 90% loan.

“Proton has been an excellent partner for us and we are happy to support them as our business partner,” said Sulaiman, adding the hire purchase segment contributed around 25% to 30% to bank’s total assets. - Bernama


Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wall St set to open higher on tech boost, PCE data
US inflation rises in line with expectations in March
Gamuda Land announces retail partners for Gamuda Gardens
YNH reaffirms bondholders with remedied technical defaults
Ringgit ends firmer against US dollar
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih

Others Also Read