{"id":6255,"date":"2020-03-03T17:06:39","date_gmt":"2020-03-03T10:36:39","guid":{"rendered":"http:\/\/www.uabdev.com.mm\/?p=6255"},"modified":"2020-12-11T17:56:22","modified_gmt":"2020-12-11T11:26:22","slug":"uab-bank-partners-grg-banking-to-bring-banking-innovation-to-myanmar","status":"publish","type":"post","link":"https:\/\/uab.com.mm\/mm\/uab-bank-partners-grg-banking-to-bring-banking-innovation-to-myanmar\/","title":{"rendered":"uab bank partners GRG Banking to bring banking innovation to Myanmar"},"content":{"rendered":"
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uab bank partners GRG Banking to bring banking innovation to Myanmar <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Yangon, 25th\u00a0November 2019<\/strong>\u202f-\u202fuab\u00a0bank<\/strong>, Myanmar’s Best Bank by Euromoney, signed a\u00a0Memorandum of Understanding (MoU) with\u00a0GRG Banking\u00a0(GRG)\u00a0last week\u00a0for\u00a0a\u00a0broad-based strategic collaboration to bring banking innovation to Myanmar.\u00a0The strategic collaboration will cover\u00a0areas including\u00a0branch automation,\u00a0virtual\u00a0banking, biometric authentication, artificial intelligence,\u00a0blockchain,\u00a0and other financial technologies.\u00a0<\/p>

GRG is a leading global financial and Artificial Intelligence (AI) solutions provider, ranking number one in China and top three in the global Automatic Teller Machine (ATM) market. GRG is also a leading developer in integrating innovative technologies including, biometric recognition, intelligent voice and human-computer interaction in banking transformation solutions. GRG\u2019s video teller machine (VTM) was adopted by DBS Bank in Singapore and was recently highlighted by Singapore Prime Minister Lee Hsien Loong in the 2019 National Day Rally speech.\u00a0<\/p>

The signing ceremony was held at the new Head Office of\u202fuab\u00a0bank\u202f<\/strong>\u2013\u202fuab<\/strong>\u202fTower @ Times City\u00a0<\/strong>on 20th\u00a0November 2019.\u00a0<\/p>

Commenting\u00a0on the\u00a0strategic collaboration with GRG Banking, MD & CEO of\u202fuab\u00a0bank<\/strong>, Christopher Loh said,\u202f\u00a0<\/p>

\u201cThis\u00a0strategic collaboration\u00a0with\u00a0GRG Banking \u2013\u00a0a world leader in\u00a0banking\u00a0technology\u00a0will enable\u00a0uab\u00a0bank<\/strong>\u00a0to acquire\u00a0and deploy\u00a0cutting edge technology to bring convenience and innovative experience to\u00a0our\u00a0customers.\u00a0We intend to deploy some of these latest technology\u00a0and products at our very first retail flagship store\u00a0spanning over 7,000 square feet\u00a0at\u00a0Times City\u00a0Yangon\u00a0in the first quarter of 2020.\u00a0<\/p>

We believe\u00a0with this partnership,\u00a0uab\u00a0bank\u00a0will be able to\u00a0simplify, humanise and make financial services\u00a0more\u00a0inclusive.\u00a0The collaboration also underscores our continued commitment to\u00a0leading change.\u201d\u00a0\u00a0<\/p>

Andy\u00a0Huang, Chairman of GRG Banking added,\u00a0<\/p>

\u201cGRG Banking is one of major ATM brand in Myanmar market, we account for 25% of Myanmar market share. We are very happy to work with\u00a0uab\u00a0bank<\/strong>\u00a0for last seven years, and will extend\u00a0these\u00a0co-operations on long term basis, GRG Banking would like to introduce some more branch transformation solutions to Myanmar banking industry.\u201d\u00a0<\/p>

\u00a0
#LeadingChange\u00a0#HumanisingBanking\u00a0<\/strong><\/p>

\u00a0<\/p>

About\u00a0uab\u00a0bank\u202f\u00a0<\/strong><\/p>

uab\u00a0bank<\/strong>\u00a0is a leading bank in Myanmar. Established in 2010, we are now serving our customers from a growing network of over 78 branches in 47 townships across Myanmar.\u00a0uab<\/strong>\u00a0provides a wide range of financial services including consumer banking, premier banking, SME banking, corporate banking, trade finance and treasury services. Through our subsidiary,\u00a0uab\u00a0securities<\/strong>, we also provide brokerage services, corporate and financial advisory, investment banking and capital market activities.\u00a0\u00a0<\/p>

Recognised for its successful transformation and leadership in the Myanmar banking sector amidst the regulatory changes and governance requirements,\u00a0uab\u00a0bank<\/strong>\u00a0was named ‘Myanmar’s Best Bank<\/strong>‘ by Euromoney, ‘Mid-sized Domestic Retail Bank of the Year<\/strong>‘ by Asian Banking & Finance, and was ranked\u00a0No.1 in Corporate Governance Disclosure<\/strong>\u00a0by\u00a0TiME\u00a0Pwint Thit Sa Report published by the Myanmar Centre for Responsible Business.\u00a0<\/p>

At\u00a0uab\u00a0bank<\/strong>, we believe in leading the way towards a better Myanmar, humanising banking, connecting people, creating opportunities and changing lives. In\u202fDecember\u202f2017,\u00a0uab<\/strong>\u00a0launched “Be\u00a0The\u00a0Change Myanmar” initiative that represents our commitment to driving change for a better Myanmar,\u202fspecifically focusing on empowering\u202fwomen and children. We believe\u00a0uab<\/strong>\u00a0must operate responsibly and be committed to the community we are in.\u202f\u00a0<\/p>

\u00a0<\/p>

About GRG Banking\u00a0<\/strong><\/p>

GRG\u00a0Banking is a world leader and top provider in financial self-service\u00a0industry and\u00a0aims to become a leading AI solution provider in the world with its innovative technologies and solutions.\u00a0<\/p>

GRG\u00a0Banking was founded in Guangzhou, China in 1999, and was listed in Shenzhen Stock Exchange market in 2007. GRG\u00a0Banking\u00a0is\u00a0the No.1 ATM supplier in China\u00a0since 2008\u00a0and is\u00a0currently\u00a0the\u00a0Top\u00a03 vendor in financial self-service industry\u00a0globally\u00a0with more than 300,000 equipment deployed in over 80 countries.\u00a0<\/p>

GRG\u00a0Banking provides abundant series of hardware and software products including ATM, cash recycler, cash depositor, cash sorter and branch transformation solutions. GRG\u00a0Banking also strategically invests into R&D of key AI technologies, such as biometrics identification, big data analysis and blockchain, etc. GRG\u00a0Banking AI solutions are focused in 4 areas: Intelligent Finance, Intelligent Transportation, Smart Security and Convenience Retail.\u00a0<\/p>

\u00a0<\/p>

For media enquiries, please contact\u00a0the following:\u202f\u00a0<\/p>

uab\u00a0bank<\/strong><\/p>

saungoonwe@uab.com.mm<\/a>\u00a0<\/p>

+95 9 4 2020 1170\u00a0<\/p>

GRG Banking\u00a0\u00a0<\/strong><\/p>

flora.huang@grgbanking.com<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Press Release uab bank partners GRG Banking to bring banking … \u1015\u102d\u102f\u1019\u102d\u102f\u101e\u102d\u101b\u103e\u102d\u101b\u1014\u103a<\/span><\/a><\/p>","protected":false},"author":7,"featured_media":6264,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[107],"tags":[],"class_list":["post-6255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press_release"],"acf":[],"yoast_head":"\nuab bank partners GRG Banking to bring banking innovation to Myanmar - uab bank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uab.com.mm\/uab-bank-partners-grg-banking-to-bring-banking-innovation-to-myanmar\/\" \/>\n<meta property=\"og:locale\" content=\"my_MM\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"uab bank partners GRG Banking to bring banking innovation to Myanmar - uab bank\" \/>\n<meta property=\"og:description\" content=\"Press Release uab bank partners GRG Banking to bring banking ... 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