PETALING JAYA: CIMB Bank Bhd has inked a memorandum of understanding with Remedi Innovations Sdn Bhd to co-develop digital health and wellness solutions for small and medium enterprises (SMEs).

Remedi is a provider of electronic medical records and digital health solutions offering a cloud-based clinic management system that enables healthcare providers to optimise clinic operations and enhance patient care.

In a statement, the bank said the partnership was formed as part of CIMB’s digital lab innovation programme, and was designed to embed financial services within the digital platforms used by SMEs.

Through the collaboration, CIMB and Remedi will co-develop embedded financial solutions within Remedi’s digital infrastructure that is tailored to the needs of Remedi’s clients.

With the rollout, the bank said it plans to onboard more digital providers nationwide to accelerate the growth of the health-tech industry.

“Healthcare is a high-potential growth sector in Malaysia, and we see significant opportunities to support its digital transformation,” the statement added.

“Through this partnership, we aim to help healthcare SMEs streamline operations, improve financial management and ultimately, focus on delivering better care,” said CIMB Group

commercial and transaction banking co-ceo Lawrence Loh in a statement.

Remedi Innovations managing director Dr Khairul Faizi Khalid said by removing the complexity of managing separate financial and operational systems, they are enabling healthcare providers to focus entirely on what they do best – caring for their patients.

“This collaboration transforms how healthcare SMEs operate, offering them the convenience of streamlined procurement, payments, and business management tools within the ecosystem they already trust.”