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Al Rajhi Bank Malaysia launches digital bank, Rize

2 Dec 2022 | Friday Source: The Sun Daily

Al Rajhi Banking & Investment Corp (M) Bhd (ARBM), has launched Rize, a digital bank which provides an end-to-end digital banking experience for its customers.

CEO Arsalaan Ahmed said that a year ago, ARBM had shared its vision to build a customer-focused digital bank and aspiration to become the number one Islamic innovation bank in Malaysia.

“At its core, Rize is a digital bank seeking to inspire and empower our customers — whom we call Rizers. When Malaysians become Rizers, they get access to a banking experience powered by best-in-class technology. All a Rizer’s banking needs will be made available on their smartphone without the need to go to a physical branch,” he said in a statement on Dec 1.

ARBM is a wholly owned subsidiary of the world’s largest Islamic Bank, Al Rajhi Bank of Saudi Arabia and was locally incorporated in October 2006.

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