Opensys announced a NEW Source of revenue in the latest annual report published last week.
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!
Not bad for a company with revenue of only RM95 million and net profit of RM10 million last year. Even better when it’s market capitalisation is only RM103 million.
Riding on the digital transformation, the future is indeed exciting for Opensys!