Opensys announced a NEW Source of revenue in latest annual report
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=193463&name=EA_DS_ATTACHMENTS
First breakthrough in Digital Banking
Opensys achieved the FIRST major breakthrough in branch transformation strategy after successfully implementing a “Branch of the Future” solution in one of the major banks in Malaysia at the end of last year.
The market potential for its BOTF solution is 2,000 bank branches in Malaysia. Assuming a new digital branch would cost RM500,000 each (to be conservative) the total market potential for Opensys is RM1 billion!
Opensys sales from self service terminal machines (ESM) was only RM53 million last year. RM1 billion is nearly 20 times its machine sales!
https://klse.i3investor.com/m/blog/PilosopoCapital/210030.jsp
Hong Leong Bank had set aside RM30 million to convert 50 branches to new digital format in FYE June 30, 2019.
Is Hong Leong Bank Opensys’s first BOTF client?
Riding on the digital transformation, the future is indeed exciting for Opensys!
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Hong Leong Bank allocated RM115m for digital expansion (The Star)
Hong Leong Bank Bhd has allocated RM115 million or 50 per cent of its capital expenditure (capex) to improve the bank's offerings on the digital platform in the financial year ending June 30, 2019.
Chief Executive Officer and Managing Director Domenic Fuda said the huge allocation was in line with strong customer adoption of its digital platform.
Hong Leong Bank had set aside RM30 million of its capex to convert 50 of its existing 250 branches to the new digital format in the current financial year, which would translate into savings in operational cost.
https://www.thestar.com.my/business/business-news/2018/07/04/hong-leong-bank-allocated-rm115m-for-digital-expansion/
https://klse.i3investor.com/blogs/Amazinggrowth/211888.jsp
