Malaysia’s Affin Bank partners ACI Worldwide for business payments platform

Affin Bank Selects ACI Worldwide for Payments Modernization: Key Points

1. Partnership Announcement:
   • Affin Bank in Malaysia has enlisted ACI Worldwide to modernize its real-time payment capabilities.
   • The partnership aims to enhance the bank’s payment processes and efficiency.
2. Platform Implementation:
   • Affin Bank will use ACI Worldwide’s B2B payments platform.
   • The platform converges payment processes across high and low-value payments, corporate and retail internet banking, ATMs, and digital banking services.
3. Efficiency and Capacity Goals:
   • The deployment seeks to achieve a 75% efficiency boost for Affin Bank.
   • It aims to increase the bank’s transaction capacity by over 20%.
   • The platform is interoperable with PayNet, RENTAS, SWIFT financial systems, and ISO 20022 standards.
4. Statements from Affin Bank:
   • Encik Risham Akashah Bin Kamaruzaman, group COO of Affin, highlighted the partnership’s role in delivering integrated, value-driven payment solutions.
   • The focus is on enhancing efficiency, improving customer experiences, and staying competitive in a dynamic market.
5. Additional Context:
   • ACI Worldwide is also using the same platform for Banco de la República in Colombia to develop a domestic real-time instant payments system expected to launch next year.