CIMB Bank today officially launched its latest digital banking app specifically for the small and medium enterprises (SMEs) and corporate segments, known as CIMB OCTO Biz. The app will replace the BizChannel@CIMB platform that is widely used by CIMB business account holders.
The CIMB OCTO BIZ app comes with several key functions that promise smoother cash management, while also solving the fund management issues that business owners often face with the traditional banking system.
Here are the Key Features of CIMB OCTO Biz You Need to Know
The CIMB OCTO Biz platform is specially designed to address the complex financial management problems of businesses. Among its core capabilities are:
Real-Time Cash Flow Dashboard – Which acts to provide an instant overview of the business’s cash position, enabling merchants to make more efficient and proactive spending decisions.
SME FlexiCash/-i – The financing aspect has also been renewed through SME FlexiCash/-i, a cash flow-based loan product that offers instant financing limits, eliminating the complexity and delays of the traditional loan process, while providing more flexible repayment options.
Bulk Payment Capability, 18 Months of Bank Statements – CIMB OCTO Biz also supports Bulk Payment Capability for processing salaries, statutory payments such as EPF, SOCSO and other transactions simultaneously. This access also saves business operation time among business players. And if other banks only provide statement access for 12 months, CIMB OCTO Biz instead expands this capacity by allowing users to download 18 months of bank statements.
Kill Switch, Multi-Factor Authentication and Malware Tracker – Users also have full control access with the feature of blocking access immediately if they encounter suspicious transaction activity through the “Kill switch”. This access is also supported by a malware tracker that will freeze the merchant’s account to prevent any leakage. In addition, multi-factor authentication is also needed to improve user security.
Overall, as of 2025 alone, this business banking platform is said to have recorded a transaction value of RM17 billion comprising 7 million transactions, which clearly demonstrates the increasing demand and usage of the application among the business owner community in Malaysia. This application is also expected to add more features and complete solutions by the end of the year with the progressive introduction of new features.
For CIMB business account users, you can download the CIMB OCTO Biz application on the Apple AppStore and Google Play Store today.
