Alliance Bank Malaysia Berhad clinched seven top accolades throughout 2019 for its innovative products and solutions to improve the lives of its stakeholders.
One of the global recognition was the Digital Transformation award at the Red Hat Innovation APAC Awards 2019, for its Branch-in-Tablet innovation. With the Branch-in-Tablet solution, customers can open a bank account, activate their banking services including debit card and online banking, and access mobile banking services in 15 minutes. It also applies to the Bank’s enterprise solution, where business owners can open a business banking account with minimal documentation needed within one-day.
The Alliance Cash2Home was named “Best Digital Banking Initiative” and commended as “Best App for Customer Experience” at the Retail Banker International Asia Trailblazer Awards 2019. This app enables mass on-premise account opening and activation of debit cards in 20 minutes, by using facial recognition biometrics and optical character recognition (OCR) technology. Business owners can also arrange for account opening for their employees at their premises.
The “Digital Financial Inclusion Initiative – Malaysia” and the “Financial Inclusion Initiative of the Year” awards by The Asian Banker and Asian Banking and Finance, recognises the Bank’s efforts in encompassing value propositions that are aligned to the needs of business owners – fast and simple for SMEs.
The Alliance-EcoWorld BizSmart® Challenge, an entrepreneurial programme, was celebrated by advertising+marketing magazine with the Silver award of “Excellence in Integrated Marketing”. The BizSmart® Challenge provides business training, coaching, mentoring, networking, brand exposure, and financing opportunities for business owners.
For its sixth season, BizSmart® Challenge offers a bigger prize quantum of RM1.5 million with an exciting new element of Instagram (IG) Story business pitch, an innovative and digital method to invite participants to submit their entries, by making their pitch creative and unique, to qualify as finalists.
Lastly, Alliance Islamic Bank’s win of the Social Entrepreneurship award by the Islamic Retail Banking Awards for their Eco-Biz Dream Project and SocioBiz initiatives.
Eco-Biz Dream Project is the banking group’s commitment to nurturing young social entrepreneurs to help create a positive and meaningful impact on the economy, environment, and community.
SocioBiz, launched in May 2019, is the Bank’s first social crowdfunding platform that helps the financially disadvantaged start or expand a business, or learn a new skill, to earn a sustainable livelihood. It has successfully rolled out 12 campaigns and raised over RM85,000.