KUALA LUMPUR: OCBC Bank (Malaysia) Bhd has been named Malaysia's best international bank for cash management at the recent Asian Banking & Finance (ABF) 2021 Awards.

       The bank said the award was for its role in handling the high volumes of digital transactions to support non-banking clients in the insurance and asset management fields.

       “Our being awarded the Best International Bank for Cash Management accolade demonstrates the effectiveness of our customised digital solutions.

       "We are extremely pleased to have been able to assist clients from the insurance sector by providing multiple options to meet the manual collection challenges they faced when attending to customers’ preference to interact digitally,” said OCBC Bank managing director and head of global transaction banking Chong Lee Ying in a statement issued on Monday.

       Over the last three years, OCBC Bank's investment in digital and technology has come to about RM150mil, she added.

       The ABF award is another feather in OCBC Bank's cap following three other notable awards won this year, including Malaysia’s Best Asian Bank in Trade Finance Services by Asiamoney, Best Bank for Cash Management by Alpha Southeast Asia, and for the sixth consecutive year, Best in Treasury & Working Capital for SME by The Asset.