Al Rajhi Bank Malaysia (ARBM) has taken a big step forward for financial services in Malaysia with the launch of Rize, a first-of-its-kind digital bank.
The bank said Rize is built with state-of-the-art technology to provide a reimagined, end-to-end digital banking experience for its customers.
At its core, Rize is a digital bank seeking to inspire and empower our customers whom we call Rizers, to achieve their hopes and dreams and encourage friends and family to help them realize their goals.
Rize offers personal financing options that customers can afford and can be personalised for every one of their life goals. This features a paper-less, hassle-free digital financing product that requires minimal documentation and no processing fee and takes only four steps and 15 minutes to have money in their account.
A feature which the bank claimed is Malaysia’s only savings pot with a profit rate. This allows Rizers to earn while saving for their goals. In line with ARBM’s mission to empower Rizers to achieve more, Rize Savings Pot allows multiple contributions, which means a Rizer can invite family and friends to chip into the pot to achieve common goals faster.