RHB Bank targets 10,000 SMEs with e-solutions platform

RHB Banking Group managing director Datuk Khairussaleh Ramli (third from left) said RHB Bank has 90,000 SMEs within its e-solutions ecosystem.

KUALA LUMPUR: RHB Banking Group group is targeting 10,000 small and medium enterprises (SMEs) with its newly launched RHB SME e-Solutions banking platform. 

RHB group managing director Datuk Khairussaleh Ramli said RHB Bank has 90,000 SMEs within its e-solutions ecosystem, adding that the new platform will boost the bank’s penetration of the SME segment in Malaysia. 

“Over the next 12 months, RHB will introduce more business-friendly features to enable customers to make direct payments. 

“RHB will also be expanding tie-ups with new business solutions partners to include point-of-sale solutions, e-wallet operators, payroll providers and inventory management solutions,” he said at the launch of the RHB SME e-Solutions banking platform on Thursday. 

The RHB SME e-Solutions platform offers SMEs a connected banking ecosystem that simplifies cash flow and financial management. 

The banking platform is in collaboration with Financio, a business solutions firm, which offers cloud-based accounting software that eliminates the need for SME customers to navigate multiple systems.