Recently, the senior team of CIMB Bank Group (hereinafter referred to as "CIMB") held a cooperation discussion with Financial One Account. Both parties had in-depth discussions on financial technology innovation, digital transformation of business, and building an automotive finance ecosystem.
CIMB Group CEO Effendy stated that automotive finance is not only an important part of expanding customer service scope, but also a key area for financial institutions to maintain their advantages in the increasingly fierce market competition. The CIMB team has shown a strong interest in automotive finance and believes that building an automotive finance ecosystem can help CIMB better seize opportunities in the Southeast Asian automotive market and meet the increasingly diverse financing needs of consumers.
During the meeting, Financial One Account provided a detailed introduction to the core products of Ping An Group, including Palm Car Loan, Ping An Good Car Owner, Autohome, and CheE Tong. The unique features, advantages, and potential applications of each product in different market environments were discussed in depth, with a focus on showcasing its digital platform, Car ETong, specifically designed for the automotive finance industry. Through communication, both parties agree that the construction of an automotive finance ecosystem is crucial for enhancing business competitiveness.
According to data, CIMB was founded in 1974 and is headquartered in Kuala Lumpur, Malaysia. It is the largest investment bank in Asia and one of the largest retail banks in ASEAN. Its business network covers various Southeast Asian countries, with branches covering 15 countries. The cooperation between CIMB and OneConnect began in 2019, and both parties have been committed to continuously improving customer experience through technology and products, and jointly promoting the digital transformation of finance.