CIMB Group Holdings Berhad and Ant International have signed a Memorandum of Understanding (MOU) to explore innovations in cross-border payments and treasury and liquidity management solutions for businesses in Malaysia. This strategic partnership will leverage Ant International’s blockchain-based treasury management solutions, subject to regulatory approvals, to enhance capital efficiency and transparency.
The collaboration will involve CIMB working with Ant International’s key businesses, including Alipay+, Antom, and Bettr Treasury, across various financial services such as cash management, credit facilities, and sustainability initiatives. Novan Amirudin, Group CEO of CIMB, stated, “The partnership marks a milestone in our Forward30 strategy, where innovation is embedded into the core of how we operate and compete.”
Douglas Feagin, President of Ant International, expressed enthusiasm for the partnership, highlighting the shared goal of leveraging technology for seamless cross-border payments. “By combining our strengths, we will scale the institutional adoption of tokenisation—a key pillar of next-generation financial infrastructure,” he said.
The initiative underscores CIMB’s commitment to digital transformation and aligns with its participation in Bank Negara Malaysia’s Digital Assets Innovation Hub. The partnership aims to build a more efficient and inclusive financial ecosystem, reinforcing the resilience and competitiveness of regional financial systems to better serve customers in Malaysia.
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