Affin Bank received the Best Payments Bank in Malaysia for its AFFINMAX platform, streamlining corporate banking and transaction management. The AffinAlwaysX platform was also recognised with the Best Digital Payments Initiative in Malaysia award for streamlining digital payments. Ryt Bank received the Best AI-Powered Customer Experience and Engagement Initiative in Malaysia for its use of AI-driven capabilities to enhance customer interactions and scalability across digital channels. GXBank was recognised with Best Generative AI Technology and Best Fraud Prevention Technology Initiative in Malaysia for its AI-based frameworks, which streamline fraud prevention and enhance financial crime review processes. Alliance Bank was awarded Best Automation Technology Initiative and Best API and Open Banking Technology Initiative in Malaysia for its AI-powered financial spreading solution and its Open Embedded Banking platform, both of which drive digital transformation and improve operational efficiency. Kuala Lumpur, 13 May – Leading banks in Malaysia were recognised for their outstanding achievements in retail banking, SME support, digital innovation and sustainable finance at The Asian Banker Malaysia Awards 2026, held in Kuala Lumpur. The 2026 awards celebrate the banks that have demonstrated excellence in delivering solutions that enhance customer experiences, improve financial accessibility and contribute positively to the environment. Affin Bank triumphed with the Best Payments Bank in Malaysia award for its AFFINMAX platform, an integrated corporate banking solution for payments, collections and liquidity management. The platform processed millions of payment transactions and facilitated secure transactions worth hundreds of millions of dollars for a government agency. Furthermore, Affin Bank’s Best Digital Payments Initiative in Malaysia award was driven by the AffinAlwaysX platform, a unified digital solution that simplifies mobile and online payments for customers, offering an accessible and efficient user experience. Ryt Bank was named the Best AI-Powered Customer Experience and Engagement Initiative in Malaysia for its implementation of AI-driven capabilities. The partnership with Ant Digital Technologies transformed customer engagement by enabling personalised, conversational and real-time interactions across various digital channels. Ryt Bank’s initiative exemplifies how AI can drive efficiency and scalability in delivering responsive digital experiences to customers. GXBank received two awards: Best Generative AI Technology in Malaysia and Best Fraud Prevention Technology Initiative in Malaysia. The bank’s dual generative AI framework automates fraud and anti-money laundering processes, enhancing risk assessments and providing analysts with data-driven recommendations. Built on Azure OpenAI, Snowflake and Streamlit, GXBank’s technology enables better decision-making, improving consistency and reducing manual effort. Furthermore, GXBank developed GuardPlus, a tool for detecting fraudulent digital lending applications, automating the verification process to mitigate fraud risks. Alliance Bank was awarded the Best Automation Technology Initiative in Malaysia for its AI-driven financial spreading solution that enhances credit analysis. The solution leverages machine learning models to process unstructured financial data, transforming it into a standardized format that aids in credit decision-making. Alliance Bank’s Best API and Open Banking Technology Initiative in Malaysia award recognised the launch of its Open Embedded Banking platform, which integrates banking services directly into partner applications, promoting secure and seamless digital payment experiences across multiple platforms. The Malaysia Awards is one of the most established benchmarking programmes in retail, transaction finance, risk management and financial technology, recognising exceptional innovation, leadership, management and performance. The Asian Banker Malaysia Awards 2026 Transaction Finance Awards Best Payments Bank in Malaysia - Affin Bank Financial Technology Innovation Awards Best Automation Technology Initiative in Malaysia - Alliance Bank Best Fraud Prevention Technology Initiative in Malaysia GXBank – “GuardPlus” AI Excellence Awards Best AI-Powered Customer Experience and Engagement Initiative in Malaysia - Ryt Bank & Ant Digital Technologies Best API and Open Banking Technology Initiative in Malaysia - Alliance Bank – “Open Embedded Banking” Best Generative AI Implementation in Malaysia - GXBank – “FrAIdy & TrAIdy” Retail Digital and Frictionless Awards Best Digital Payments Initiative in Malaysia - Affin Bank – “AffinAlwaysX” The detailed evaluation criteria and scorecard for Malaysia Awards can be viewed at: https://tabglobalawards.com/malaysia-awards/criteria Media contact Nanda Lakhwani Editor TAB Global Email: nlakhwani@tab.global
