Managing business finances can quickly become complex as your business grows. From processing supplier payments and payroll to handling approvals and overseas transactions, finance teams often spend significant time coordinating multiple banking activities.

OCBC Velocity is OCBC Malaysia's online business banking platform, designed to help businesses manage payments, collections, accounts, approvals and other banking activities through a single digital platform. 

Why Digital Banking Matters for Businesses

As a business grows, so does the number of financial tasks it needs to handle. Supplier payments, payroll, collections, fund transfers and approvals can become increasingly difficult to manage when processes rely on manual steps or multiple banking channels.

Digital business banking brings these activities into a single platform, helping businesses improve efficiency, reduce manual processes and gain greater visibility over their day-to-day financial operations without needing to visit a branch.

Managing Increasing Transaction Volumes

Businesses may need to process dozens or even hundreds of financial transactions as they grow, from paying suppliers and employees to transferring funds and settling bills.

Handling each transaction manually can take up valuable time, particularly when finance teams need to repeat the same processes across different payments.

A business internet banking platform allows transactions to be managed digitally, helping businesses process higher transaction volumes more efficiently while improving visibility and control as operations expand.

Managing Multiple Users and Approvals

Business banking often involves more than one person. A finance employee may prepare a payment, while a business owner or authorised person reviews and approves it.

Without a structured process, coordinating these responsibilities can add unnecessary steps to everyday banking.

Digital business banking can support different user roles and approval arrangements, allowing businesses to assign banking responsibilities according to their internal processes.

How OCBC Velocity Helps Businesses Manage Their Finances

OCBC Velocity brings key business banking activities together on one platform, allowing businesses to manage payments, collections, accounts and other banking services digitally.

Simplify Everyday Business Payments

Businesses handle a wide range of payments every day, from supplier invoices and employee payroll to tax payments, statutory contributions and operational expenses.

OCBC Velocity supports local and overseas transactions, including payment options such as GIRO, FPX, DuitNow, RENTAS and Telegraphic Transfer (TT), depending on the applicable service and transaction type.

Businesses can also generate reports and statements to simplify reconciliation, improve financial visibility and support efficient record-keeping.

By managing these activities online, finance teams can streamline routine payment processing through a centralised business banking platform, reducing reliance on manual processes.

Manage Cash Flow and Financial Operations

For businesses, understanding current and future cash requirements is an important part of financial planning.

Beyond basic account and transaction management, OCBC Velocity now integrates with LHDN’s MyInvois Portal for secure, compliant e-invoicing. Enjoy faster payments, fewer errors, and full control – all in one connected platform.

Businesses can use these tools to:

• Monitor cash flow

• Track invoices and financial information

• View projected cash positions

• Identify potential cash-flow gaps

• Support financial planning

This gives businesses an additional layer of financial management beyond day-to-day banking transactions.

Manage Foreign Exchange for International Transactions

Businesses that import, export, or work with overseas suppliers may need to make payments in different currencies and manage foreign exchange requirements.

With FX Online on OCBC Velocity, eligible businesses can access foreign exchange services and view live FX rates when managing their foreign currency transactions. This allows businesses to manage their FX requirements digitally alongside their other business banking activities.

Having foreign exchange services available through the same business banking platform enables businesses to manage cross-border payments and foreign currency transactions more efficiently from a single platform.

This is particularly beneficial for businesses involved in international trade, importing or exporting goods, or managing overseas suppliers and customers.

Key Features of OCBC Velocity

OCBC Velocity brings together a range of digital banking services to help businesses manage their banking needs online.

Manage Accounts and Transactions

Businesses can access their accounts, view balances and transaction information and manage banking activities through a central online platform.

Make Local and Overseas Payments

OCBC Velocity supports a range of local and international payment options, allowing businesses to manage different payment requirements digitally. Available payment types include GIRO, FPX, DuitNow, RENTAS and Telegraphic Transfer (TT), subject to the applicable service and transaction requirements.

Manage Foreign Exchange Online

Eligible businesses can access FX Online through OCBC Velocity to manage foreign exchange requirements and view live FX rates. This provides a digital option for businesses that regularly deal with foreign currencies.

Manage Users and Payment Approvals

Businesses can assign different user roles and approval arrangements based on their internal processes. This allows payment preparation and authorisation responsibilities to be separated where required, supporting appropriate controls over business transactions.

Built with Security in Mind

Security is a key consideration for businesses managing financial transactions online.

OCBC Velocity incorporates user access controls, approval workflows and authentication measures that help businesses maintain oversight of banking activities while supporting secure transaction management.

Access Business Banking On the Go

With OCBC Velocity’s digital and mobile access, businesses can manage selected banking activities and approvals without being tied to a branch or office. Business Mobile Banking provides access to key functions on smartphones, making it easier for authorised users to manage banking activities while on the go.

Who Should Use OCBC Velocity?

OCBC Velocity may be particularly suitable for:

✓ Growing SMEs handling increasing transaction volumes

✓ Businesses managing recurring supplier, payroll or statutory payments

✓ Finance teams requiring multi-level approval workflows

✓ Companies operating across multiple accounts or business entities

✓ Businesses involved in local and overseas transactions

✓ Organisations looking to transition from manual banking processes to digital banking

Whether you are a growing SME or a larger organisation with more complex banking requirements, OCBC Velocity provides a digital platform that can support your business as your banking needs evolve.

The platform is particularly useful for businesses where banking activities involve multiple users, regular transactions or different types of banking services.

How to Get Started with OCBC Velocity

To register for OCBC Velocity and the OCBC Malaysia Business App, complete the OCBC Velocity Application Form and submit it together with the required business documents (NRIC / Passport and proof of residential address (e.g. latest 3 months utility bills, bank / credit card / insurance / Takaful statement) at your nearest OCBC branch.

You will receive a welcome email within 3 business days with instructions to activate your account.

Once activated, refer to the step-by-step guide for instructions on your first login to OCBC Velocity and the OCBC Malaysia Business App.