EDINBURGH, Scotland–(BUSINESS WIRE)–KAL’s RTM has secured an innovation award for Malaysia’s Hong Leong
The Asset’s Triple A Digital Awards recognise financial institutions and
technology firms that have excelled in innovating and developing a
unique digital experience for customers across the Asia-Pacific region.
This year’s Most Innovative ATM Project award was given to Hong Leong
Islamic Bank for its creative use of KAL’s RTM whereby the bank’s
customers use the RTM to make religious charitable payments.
For the first time, Muslims in Malaysia have been able to pay their
annual charitable fee – known as Zakat – using a debit card at the RTM,
rather than cash. Government organisation Zakat Selangor was previously
collecting all of the money in cash, which meant large volumes of cash
being held on site. The government’s cashless program has encouraged the
organisation to use the RTM to collect these funds via debit cards.
Christopher Martin, of Hong Leong Bank, welcomed the award, saying:
“Congratulations to everyone who was involved in the cashless ATM
Online magazine The Asset is Asia’s leading financial publication for
issuers and investors.
KAL is a world-leading ATM software company and the preferred supplier
to world mega-banks such as Citibank, UniCredit, ING and China
Construction Bank. KAL’s standardized software gives banks full control
of their ATM network, reducing costs and improving competitiveness. Its
recently launched RTM is set to revolutionize retail banking. For more
information, please visit www.kal.com.
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