(From left) Nurjesmi, RHB Banking Group Transaction Banking head Dev Raaj, Xero Asia Sales head Sarah Foo and Partnership director Pam Chuang holding up the signed documents of the partnership.
LOCAL small and medium sized enterprises with a RHB Bank account can access their financial data daily via a digital API-enabled bank feed, thanks to the bank’s partnership with global small business platform Xero Limited.
Available since last month, the service removes the need for business owners to upload manually while reducing errors and saves time on reconciliations for all Malaysian Xero users with an RHB Bank account.
It is offered at no additional cost and can be set up through a fully digital process. Business owners will also gain a more accurate daily view of their cash flow and business performance, helping them make better-informed decisions.
SMEs owners can also automatically import data from their RHB Bank accounts into Xero each day. This removes the need for manual uploads, reduces errors and saves time in reconciling transactions.
With a daily view of cash flow in Xero, SME owners can better track performance and make business decisions.
"This partnership with RHB Bank is a significant step for Xero in Malaysia," said Xero Asia managing director Koren Wines during the partnership launch on Aug 15.
"By connecting RHB Bank's banking services directly with Xero's platform, we are eliminating manual data entry and giving business owners a real-time view of their finances.
"This is about more than just efficiency -- it's about empowering SMEs with the confidence and insights to grow, create jobs and strengthen Malaysia's economy. Together, we're helping drive the digitalisation of Malaysian SMEs and building an ecosystem where they can thrive."
RHB Bank group wholesale banking managing director Nurjesmi Mohd Nashir added that it is committed to supporting the growth of SME customers through a connected ecosystem of simple, seamless banking experiences.
"We aim to help our customers operate more efficiently with services and tools that streamline financial management. This new bank feed that integrates directly to Xero enhances visibility and control. This helps our customers make informed decisions and empower them to grow their businesses with greater confidence over the long term," he added.
Learn more about how this RHB Reflex and Xero integration can provide you with a seamless banking experience at these upcoming events on Oct 14 at Holiday Inn, Komtar JBCC, Johor Baru and Oct 24 at Amari SPICE Penang, Bayan Baru, Penang.
