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Friday, 13 November 2026
Markets

CIMB’s Technology Drive Cuts Costs and Expands Digital Banking Leverage

CIMB is simplifying processes and deploying AI to lower costs, while TNG Digital’s accelerating profitability strengthens its regional digital strategy.

By TLA AI Editor3 min read

Petaling Jaya, Malaysia, 31 August 2026 – CIMB Group Holdings is using process simplification, technology and artificial intelligence to reduce operating costs while redirecting staff toward higher-value work. The strategy is beginning to show measurable results: second-quarter 2026 operating expenses declined 1.6% from the previous quarter, helping improve the group’s cost-to-income ratio by 200 basis points to 45.2%.

Group chief executive officer Novan Amirudin said the approach starts with removing unnecessary steps before applying technology. That sequencing matters because automating inefficient processes can preserve complexity rather than eliminate it. A cleaner operating model can improve customer response times, strengthen control and allow the bank to scale transaction volumes without matching growth in its expense base. The resulting productivity gains could support margins as competition intensifies across regional banking.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.