Latest news with #CIMBBank
New Straits Times
2 days ago
- New Straits Times
Teacher loses RM890,000 to phone scam
GEORGE TOWN: A teacher lost her savings amounting to RM890,000 after falling victim to a phone scam, believed to have been orchestrated by a syndicate impersonating bank officers and police personnel. Police received a report from the 59-year-old woman yesterday. Penang deputy police chief Datuk Mohd Alwi Zainal Abidin said the victim was duped into transferring her money over a period of more than two weeks. He said that, according to her report, the incident began on May 10 when she received a phone call at her residence in George Town from an unknown number. "A man claiming to be a representative from CIMB Bank told her that a credit card under her name had been misused. "The victim, who denied owning the card, was then transferred to another individual who introduced himself as a police officer from a station in Johor. "She was accused of being involved in money laundering activities and was told that all her funds needed to be 'audited'. The caller assured her that the money would be returned upon completion of the investigation. "She was also threatened with an arrest warrant should she fail to comply," he said in a statement last night. Fearing legal repercussions, Alwi said the victim made 27 online transfers into 23 different bank accounts from May 19 to June 5, totalling RM890,000. He said it was only after she confided in a friend that she realised she had been deceived. She then lodged a police report. "Investigation is being carried out under Section 420 of the Penal Code for cheating," he added.
Yahoo
26-05-2025
- Business
- Yahoo
Malaysia's CIMB Bank partners with ACI for payments system upgrade
CIMB Bank, a Malaysian financial services provider, has partnered with ACI Worldwide to modernise its payments platform. The collaboration will consolidate all account-to-account transactions onto one platform, enhancing efficiency and compliance for the bank's operations, beginning from its Malaysian headquarters. ACI Worldwide's payment solution will serve as the 'foundation' for CIMB Group's regional payments platform. This ISO20022-native compliant platform is set to enhance data exchange and processing for the bank, while offering insights to bolster interoperability, security, and adherence to regulations. By unifying the payment infrastructure, the tech vendor anticipates increased operational agility and cost savings for the bank, through reduction in the complexity associated with managing disparate legacy systems. The new platform is expected to deliver significant improvements in straight through processing for the bank. CIMB Bank group chief technology officer Ros Aziah said: 'CIMB's payment transformation is a bold re-architecture of our core payments infrastructure to unify all payment flows. 'This enterprise-wide initiative is a cornerstone of our Forward30 Strategy, built to future-proof operations, accelerate digital convergence, and deliver seamless, secure, and intelligent payment experiences for both consumers and businesses.' ACI Worldwide has half a century of experience in powering real-time payment schemes globally. The paytech firm currently supports 26 domestic and pan-regional real-time schemes, including 11 central infrastructures across six continents. CIMB Bank provides a comprehensive range of banking services, including consumer, commercial, wholesale, transaction and Islamic banking, as well as asset management. The Kuala Lumpur-based lender had a market capitalisation of approximately RM75.2bn ($18bn) and 592 retail branch networks across ASEAN as of 31 March 2025. It operates across Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam, Philippines, as well as beyond ASEAN in China, Hong Kong, and the UK. "Malaysia's CIMB Bank partners with ACI for payments system upgrade" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
23-05-2025
- Business
- Finextra
Cimb Bank picks ACI Worldwide payments tech
ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced that CIMB Bank, one of ASEAN's leading banking groups and Malaysia's second largest financial services provider, has chosen ACI's payment solution to converge all account-to-account transactions—real-time, ACH, RTGS and cross-border—onto a single future-proof payments platform. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. As the industry pushes toward ISO 20022 standardization, this new ISO20022-native compliant platform—which serves as the foundation for CIMB Group's regional payments platform, starting from its headquarters in Malaysia—empowers the bank with richer data exchange, straight through processing and insights that enhance interoperability, security and compliance. With the new unified solution, CIMB Bank will reduce the complexity of managing siloed legacy systems to achieve greater efficiency and agility while minimizing cost and risk. 'CIMB's payment transformation is a bold re-architecture of our core payments infrastructure to unify all payment flows. This enterprise-wide initiative is a cornerstone of our Forward30 Strategy, built to future-proof operations, accelerate digital convergence, and deliver seamless, secure, and intelligent payment experiences for both consumers and businesses. Aligned with ISO 20022 and powered by our partnership with ACI Worldwide, CIMB is positioning itself at the forefront of next-generation banking,' said Ros Aziah, Group Chief Technology Officer, CIMB Bank. CIMB Bank and ACI Worldwide were recently recognized at The Asian Banker (TAB) Global Financial Technology Innovation Awards 2025 in the 'Best Corporate Banking and Payment Technology Initiative in Asia Pacific' category. In its evaluation, TAB highlighted the technological differentiation and customer-centric approach demonstrated by CIMB Bank and ACI Worldwide in this project, which not only enhances security, scalability, and performance but also future proofs the bank to adapt quickly to rising customer expectations and evolving regulatory mandates. 'ACI is proud to be the strategic partner behind CIMB's full-scale payment transformation—a complex, end-to-end overhaul that unified CIMB's payment operations across real-time, high-value, low-value, and cross-border transactions onto a modern, enterprise-wide ISO20022 platform — and we are honored that our successful partnership has been recognized with a prestigious industry award. This partnership is a testament to how forward-thinking banks like CIMB can lead in a digital-first economy in Malaysia and across ASEAN,' said Leslie Choo, Senior Vice President, Managing Director – APAC, ACI Worldwide. With 50 years of experience, ACI Worldwide has a strong track record of powering real-time schemes around the world. ACI currently powers 26 domestic and pan-regional real-time schemes across six continents, including 11 central infrastructures. Malaysia's Real-time Retail Payments Platform (RPP) was introduced by the national payments network and central infrastructure provider PayNet in collaboration with ACI. Globally, ACI serves all 10 of the world's largest financial institutions by asset value and provides solutions that move trillions of dollars through more than one billion transactions daily.
Business Upturn
23-05-2025
- Business
- Business Upturn
CIMB Bank Taps ACI Worldwide to Advance Payment Transformation
Singapore & Omaha, Neb., United States: ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced that CIMB Bank, one of ASEAN's leading banking groups and Malaysia's second largest financial services provider, has chosen ACI's payment solution to converge all account-to-account transactions—real-time, ACH, RTGS and cross-border—onto a single future-proof payments platform. As the industry pushes toward ISO 20022 standardization, this new ISO20022-native compliant platform—which serves as the foundation for CIMB Group's regional payments platform, starting from its headquarters in Malaysia—empowers the bank with richer data exchange, straight through processing and insights that enhance interoperability, security and compliance. With the new unified solution, CIMB Bank will reduce the complexity of managing siloed legacy systems to achieve greater efficiency and agility while minimizing cost and risk. This press release features multimedia. View the full release here: From left to right – Leslie Choo, Senior Vice President, Managing Director – APAC, ACI Worldwide | Ros Aziah, Group Chief Technology Officer, CIMB Bank 'CIMB's payment transformation is a bold re-architecture of our core payments infrastructure to unify all payment flows. This enterprise-wide initiative is a cornerstone of our Forward30 Strategy, built to future-proof operations, accelerate digital convergence, and deliver seamless, secure, and intelligent payment experiences for both consumers and businesses. Aligned with ISO 20022 and powered by our partnership with ACI Worldwide, CIMB is positioning itself at the forefront of next-generation banking,' said Ros Aziah, Group Chief Technology Officer, CIMB Bank. CIMB Bank and ACI Worldwide were recently recognized at The Asian Banker (TAB) Global Financial Technology Innovation Awards 2025 in the 'Best Corporate Banking and Payment Technology Initiative in Asia Pacific' category. In its evaluation, TAB highlighted the technological differentiation and customer-centric approach demonstrated by CIMB Bank and ACI Worldwide in this project, which not only enhances security, scalability, and performance but also future proofs the bank to adapt quickly to rising customer expectations and evolving regulatory mandates. 'ACI is proud to be the strategic partner behind CIMB's full-scale payment transformation—a complex, end-to-end overhaul that unified CIMB's payment operations across real-time, high-value, low-value, and cross-border transactions onto a modern, enterprise-wide ISO20022 platform — and we are honored that our successful partnership has been recognized with a prestigious industry award. This partnership is a testament to how forward-thinking banks like CIMB can lead in a digital-first economy in Malaysia and across ASEAN,' said Leslie Choo, Senior Vice President, Managing Director – APAC, ACI Worldwide. With 50 years of experience, ACI Worldwide has a strong track record of powering real-time schemes around the world. ACI currently powers 26 domestic and pan-regional real-time schemes across six continents, including 11 central infrastructures. Malaysia's Real-time Retail Payments Platform (RPP) was introduced by the national payments network and central infrastructure provider PayNet in collaboration with ACI. Globally, ACI serves all 10 of the world's largest financial institutions by asset value and provides solutions that move trillions of dollars through more than one billion transactions daily. About ACI Worldwide ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities. About CIMB CIMB is one of ASEAN's leading banking groups and Malaysia's second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM75.2 billion as at 31 March 2025. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and Philippines. Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 592 branches and over 33,000 employees as at 31 March 2025. CIMB's investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group's leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand. © Copyright ACI Worldwide, Inc. 2025 ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
Associated Press
23-05-2025
- Business
- Associated Press
CIMB Bank Taps ACI Worldwide to Advance Payment Transformation
OMAHA, Neb. & SINGAPORE--(BUSINESS WIRE)--May 22, 2025-- ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced that CIMB Bank, one of ASEAN's leading banking groups and Malaysia's second largest financial services provider, has chosen ACI's payment solution to converge all account-to-account transactions—real-time, ACH, RTGS and cross-border—onto a single future-proof payments platform. As the industry pushes toward ISO 20022 standardization, this new ISO20022-native compliant platform—which serves as the foundation for CIMB Group's regional payments platform, starting from its headquarters in Malaysia—empowers the bank with richer data exchange, straight through processing and insights that enhance interoperability, security and compliance. With the new unified solution, CIMB Bank will reduce the complexity of managing siloed legacy systems to achieve greater efficiency and agility while minimizing cost and risk. This press release features multimedia. View the full release here: From left to right - Leslie Choo, Senior Vice President, Managing Director – APAC, ACI Worldwide | Ros Aziah, Group Chief Technology Officer, CIMB Bank 'CIMB's payment transformation is a bold re-architecture of our core payments infrastructure to unify all payment flows. This enterprise-wide initiative is a cornerstone of our Forward30 Strategy, built to future-proof operations, accelerate digital convergence, and deliver seamless, secure, and intelligent payment experiences for both consumers and businesses. Aligned with ISO 20022 and powered by our partnership with ACI Worldwide, CIMB is positioning itself at the forefront of next-generation banking,' said Ros Aziah, Group Chief Technology Officer, CIMB Bank. CIMB Bank and ACI Worldwide were recently recognized at The Asian Banker (TAB) Global Financial Technology Innovation Awards 2025 in the 'Best Corporate Banking and Payment Technology Initiative in Asia Pacific' category. In its evaluation, TAB highlighted the technological differentiation and customer-centric approach demonstrated by CIMB Bank and ACI Worldwide in this project, which not only enhances security, scalability, and performance but also future proofs the bank to adapt quickly to rising customer expectations and evolving regulatory mandates. 'ACI is proud to be the strategic partner behind CIMB's full-scale payment transformation—a complex, end-to-end overhaul that unified CIMB's payment operations across real-time, high-value, low-value, and cross-border transactions onto a modern, enterprise-wide ISO20022 platform — and we are honored that our successful partnership has been recognized with a prestigious industry award. This partnership is a testament to how forward-thinking banks like CIMB can lead in a digital-first economy in Malaysia and across ASEAN,' said Leslie Choo, Senior Vice President, Managing Director – APAC, ACI Worldwide. With 50 years of experience, ACI Worldwide has a strong track record of powering real-time schemes around the world. ACI currently powers 26 domestic and pan-regional real-time schemes across six continents, including 11 central infrastructures. Malaysia's Real-time Retail Payments Platform (RPP) was introduced by the national payments network and central infrastructure provider PayNet in collaboration with ACI. Globally, ACI serves all 10 of the world's largest financial institutions by asset value and provides solutions that move trillions of dollars through more than one billion transactions daily. About ACI Worldwide ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities. About CIMB CIMB is one of ASEAN's leading banking groups and Malaysia's second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM75.2 billion as at 31 March 2025. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and Philippines. Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 592 branches and over 33,000 employees as at 31 March 2025. CIMB's investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group's leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand. © Copyright ACI Worldwide, Inc. 2025 ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners. View source version on CONTACT: Media ContactsACI Worldwide Nick Karoglou | Head of Communications and Corporate Affairs |[email protected] Lyn Kwek | Communications and Corporate Affairs Director |[email protected] Anis Azharuddin / Kelvin Jude Muthu Group Corporate Communications CIMB Group Holdings Berhad Email:[email protected]/[email protected] KEYWORD: UNITED STATES SINGAPORE SOUTHEAST ASIA NORTH AMERICA MALAYSIA ASIA PACIFIC NEBRASKA INDUSTRY KEYWORD: PROFESSIONAL SERVICES PAYMENTS TECHNOLOGY SOFTWARE FINANCE FINTECH BANKING SOURCE: ACI Worldwide Copyright Business Wire 2025. PUB: 05/22/2025 08:00 PM/DISC: 05/22/2025 07:59 PM
