As part of its digital transformation journey, Affin Group partners Nasdaq-listed ACI Worldwide to modernise the bank's real-time payment capabilities to streamline operations and enhancing customers' payment experience.
The new mode of business offers a centralised system that consolidates all payment instructions from various channels, and converges high-value and low-value payments, said the bank in a statement today.
The partnership with ACI Worldwide, a global leader in mission-critical, real-time payments software, also targets a 75 per cent efficiency boost through process automation and eliminating manual actions, reducing errors, the statement read.
The group will also handle over 20 per cent more transactions, supporting growth and scalability, said the statement.
Affin Bank Berhad operates as the financial holding entity of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad, Affin Moneybrokers Sdn Bhd. Generali Insurance Malaysia Berhad and Generali Life Insurance Malaysia Berhad are affiliated companies of Affin Bank Berhad.
AFFIN Group provides an exhaustive array of financial products and services catering to both individual and corporate clients. The focus market segments are categorised under essential business units such as Community Banking, Enterprise Banking, Corporate Banking, Treasury, and Investment Banking.