(Bandar Seri Begawan, 19th) Baiduri Bank was named "Best Digital Bank in Brunei 2025" in the Euromoney Awards for Excellence, highlighting its leading position in driving digital transformation, innovation, and resilience within Brunei’s financial sector.
At the award ceremony, Baiduri Bank’s Head of Digital Banking, Wu Wenfeng, and Chief Representative of its Singapore Representative Office, Yang Yi, attended to accept the award on behalf of the bank. This marks the bank’s first win as “Best Digital Bank,” following previous recognition as “Best Bank in Brunei.”
Euromoney noted that Baiduri Bank had taken a pivotal step in accelerating Brunei’s transition to fully digitalized financial services, including migration to the Temenos cloud-native core banking platform—the first of its kind in Brunei. Meanwhile, the bank also launched the NFC-enabled mobile POS terminal “Tap2Pay,” helping MSMEs expand into contactless payments and promoting the uptake of digital commerce.
In corporate banking, Baiduri Bank joined forces with FIS Global to implement an artificial intelligence and machine learning-driven lending system, expediting approval efficiency and strengthening risk controls, thereby providing corporate clients with faster and more secure services.
Chief Executive Officer Ti Eng Hui stated that the award reflects the dedication and vision of the Baiduri Bank team. He emphasized: “From core systems modernization to innovations and enhancements in payments and security, we are reshaping digital banking services in Brunei.”
The bank also prioritizes customer protection, introducing a “cooling-off period” control mechanism in its retail app to delay high-risk transactions and prevent fraud. Additionally, a business continuity and disaster recovery center has been established in Seria to ensure operational safety and uninterrupted service.
Financially, Baiduri Bank reached a record net profit of BND 95.1 million in 2024, with total assets exceeding BND 4.1 billion and a Tier 1 capital adequacy ratio of 25.64%, far exceeding regulatory requirements. At the same time, the bank is advancing sustainability through its "Baiduri Greenprint" strategy, and will officially open its Singapore Representative Office in 2025 to expand regional connectivity and reinforce cross-border collaboration.