Malaysia is rapidly establishing itself as a leading market for digital lending in Southeast Asia, underpinned by strong economic fundamentals and a highly connected population. Over 90% of Malaysians have access to banking services, internet penetration stands at 98%, and mobile connections exceed 122%. Digital transaction volumes continue to surge, with electronic payments reaching 18.6 billion in 2025. However, digital lending has not yet grown to match this level of maturity. 

Recognizing this gap, Koperasi Tentera (KT), a long-standing financial cooperative serving over 156,000 members across military and civil service segments, set out to modernize its lending operations and partnered with Codebase Technologies to launch Raees, a fully digital lending application designed to streamline the entire financing journey and extend access to approximately 1.6 million government workers. 

Together, we engineered the Raees App using our Digibanc™ platform, supported by our local team in the region. The platform enabled seamless integration with KT’s core banking (TCS), Experian CCRIS, SOLA salary deduction system, and BURSA for Tawarruq trading, creating a fully connected lending ecosystem. Built-in capabilities, including digital onboarding and eKYC, real-time credit scoring, DSR calculations, smart eligibility checks, and automated Shariah-compliant workflows, were orchestrated to streamline the end-to-end lending journey.

Find more in our case study.