CIMB Group Holdings Berhad has announced the launch of CIMB OCTO Biz, a new digital platform aimed at supporting business clients across ASEAN. The platform was introduced at the CIMB ASEAN SME Economic Forum and is part of the bank’s strategy to offer digital-first solutions for sole proprietors, SMEs, and corporate customers.
CIMB OCTO Biz provides features such as cross-border payments, international transaction management, treasury services, and trade solutions. The platform also integrates business management tools to help streamline operations. Following its rollout in Malaysia, CIMB plans to expand CIMB OCTO Biz to Indonesia and Singapore by the first half of 2026, with further expansion into Cambodia and other ASEAN countries.
The launch event included participation from government officials and CIMB executives. Novan Amirudin, Group CEO of CIMB, stated: “We see banking as a strategic enabler of growth, transformation and financial inclusion. Our focus is to equip businesses and communities with capabilities and insights necessary to navigate a dynamic economic environment. The launch of CIMB OCTO Biz underscores this commitment by delivering secured, seamless, inclusive and future-ready financial solutions that support sustainable business expansion across ASEAN and beyond. This is central to our Forward30 strategy, leveraging digital innovation to drive sustainable value creation, in line with our purpose of advancing customers and society.”
Lawrence Loh, Co-Chief Executive Officer for Group Commercial and Transaction Banking at CIMB Group, added: “CIMB is reshaping business banking with a digital-first approach that goes beyond transactions to drive growth. CIMB OCTO Biz brings together banking insights and business tools in a single ecosystem, allowing businesses to manage operations effortlessly, access financing seamlessly and make smarter, data-driven decisions. Operating more than just a platform, CIMB OCTO Biz serves as a catalyst for ASEAN businesses to scale with confidence across local and global markets. This approach reflects CIMB’s ambition to be the leading digital-first SME bank in the region, backed by its strong ASEAN footprint and deep understanding of business needs.”
A key feature within the app is SME FlexiCash/-i—a revenue-based lending product that uses account history and transaction data to provide pre-qualified financing limits without traditional loan paperwork. Businesses repay based on an agreed percentage of earnings rather than fixed monthly installments.
The app leverages artificial intelligence for real-time cash flow dashboards and personalized recommendations based on each user’s business profile. According to CIMB, more than half of its SME clients have already adopted OCTO Biz. In 2025 alone, the platform has processed RM17 billion in transactions over 7 million operations.
By the end of 2025, sole proprietors and SMEs will be able to open accounts online through fully digital onboarding processes. The app is available for download via major app stores or on the web.
More information about CIMB OCTO Biz can be found at https://www.cimb.com.my/octobiz.
