AEON Bank (M) Berhad (formerly known as ACS Digital Bhd) announces that it has obtained approval from the Bank Negara Malaysia (BNM) and the Ministry of Finance to commence its digital banking operations in Malaysia.
According to its press release, the company said this positions AEON Bank as the first Islamic digital bank in Malaysia. The approval was granted pursuant to BNM’s validation of the Bank’s operational readiness.
AEON Bank is an associate company of AEON Credit Service (M) Berhad (AEON Credit) and a subsidiary of AEON Financial Service Co., Ltd. (AFS Japan).
Our core mission is to advance the promotion of financial inclusion and Islamic banking.
As part of one of Malaysia’s most recognised retail household brands, we aim to provide accessible, inclusive and Shariah-compliant digital banking solutions to our AEON Group of customers as well as to all Malaysians.
It is our intent to empower our communities with access to digital financial services which are simplified, safe and secure.
Raja Teh Maimunah, Chief Executive Officer of AEON Bank.
Furthermore, AEON Bank plans for a phased rollout of its new app, beginning with an exclusive beta testing phase with the AEON Group of employees.
“As we prepare to introduce our app, we recognise the critical importance of gathering insights and feedback from users to refine and optimise the app.
By initially offering access to a select group of beta testers, we aim to collaboratively fine tune the App to ensure it meets the expectations of our wider user base upon full release,” explains Raja Teh Maimunah.
AEON Bank targets to unveil its phased rollout in the first half of this year.
