KUALA LUMPUR: CIMB Group Holdings Bhd
and Ant International have agreed to jointly explore innovations in cross-border payments and treasury and
liquidity management solutions for businesses in Malaysia.
The comprehensive partnership will see CIMB collaborating with Ant International’s key businesses including Alipay+, Antom and Bettr Treasury, across the group’s integrated capabilities in cash management, treasury and markets solutions, credit and financing facilities, capital markets activities and sustainability-related initiatives.
Under a memorandum of understanding (MOU), CIMB and Ant International will also jointly develop a digital framework to enhance the treasury and liquidity operations of both parties, by leveraging Ant International’s next-generation blockchain-based treasury management solution, subject to regulatory frameworks and approvals.
The framework aims to strengthen capital efficiency, transparency and cross-border liquidity optimisation, reinforcing the resilience and competitiveness of both sides’ regional financial ecosystems to better serve its customers in Malaysia.
“The partnership marks a milestone in our Forward30 strategy, where innovation is embedded into the core of how we operate and compete. Our collaboration with Ant International enables us to accelerate the institutional adoption of distributed ledger technology within the treasury ecosystem.
"This positions CIMB at the forefront of building scalable, future ready digital financial infrastructure innovation across Asean, while strengthening our ability to deliver greater efficiency, transparency and cross-border connectivity for our
clients," said CIMB group CEO Novan Amirudin in a statement.
Ant International president Douglas Feagin said: "By combining our strengths, we will scale the institutional adoption of tokenisation—a key pillar of next-generation financial infrastructure—to create a more efficient and inclusive financial ecosystem for businesses in Malaysia.”
