Posts From Johanan Devanesan
Standard Chartered’s Axess Academy Prepares Banking Staff for the Digital Age
In an era where the digital revolution is reshaping the landscape of the banking industry, Standard Chartered is looking to keep its employees at the forefront of innovation, with the launch of its latest Axess Academy in Malaysia recently. This
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BNM’s RENTAS Modernisation Plans to Futureproof Malaysia Payments Infrastructure
The Real Time Electronic Transfer of Funds and Securities System (RENTAS) represents a cornerstone of the financial infrastructure in Malaysia, facilitating the real-time gross settlement (RTGS) of large-value payments across the nation’s financial institutions. This pivotal system facilitates the seamless
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Standard Chartered Saadiq CEO Says Islamic Banks Must “Catch Up Fast” on Digitisation
A swift digital transformation is unfolding across the world’s financial sectors, and Malaysia’s Islamic banking sphere is very much part of this change. Offering insight into this evolution is Mohd Suhaimi Abdul Hamid, CEO of Standard Chartered Saadiq Malaysia, who
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GXBank Officially Rolls Out Beta Digital Banking App in Malaysia
GXBank Berhad, the first of Malaysia’s five digital banking licensees to officially commence operations on 1 September, is now the first to officially launch its beta app to the Malaysian public. As of 14 November 2023, this inaugural application will
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How Standard Chartered is Redefining Banking in the Digital Age with BaaS
In a keynote address at the Fintech Frontiers Conference, Sammeer, the Managing Director & Head of Consumer, Private and Business Banking at Standard Chartered Malaysia, shed light on the pivotal role of Banking-as-a-Service (BaaS) in the bank’s strategy. The innovative
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Making Sense of the Tricky Funding Road for Fintech Startups in Malaysia
The fintech funding landscape in Malaysia has been a hot topic of discussion in recent years, with significant growth and innovation in the sector. To shed light on the challenges and opportunities that fintech startups face, a roundtable discussion was
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InterSystems Prioritises Data Security, Scalability and Compliance for Financial Firms
The financial sector, long recognised for its complexities and necessary vastness, requires innovative, secure, and efficient data management solutions. Kenneth Kuek, Country Lead for InterSystems, speaks to Fintech News Malaysia on what InterSystems brings to the table to even the
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What Does it Take to Build a Bank from Scratch?
The digital banking landscape in Malaysia has been undergoing a remarkable transformation since Bank Negara Malaysia issued five digital banking licenses just over a year ago. These licenses have paved the way for pioneering digital banks to revolutionise the financial
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PayNet, BNM Clarify the DuitNow QR Transaction Fee Confusion
There has been significant furore ever since it was revealed that a transaction fee would begin to be imposed on merchants for accepting payments via the DuitNow quick-response (QR) code service, originally slated to start on 1 October. Public outcry
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Beyond Transformation: Stepping Up Digital Differentiation in Banking
Banking leaders agree: banks that want to succeed into the 21st century are already undergoing rapid digital transformation. Digitalisation is a must to overcome the inefficiencies of outmoded legacy infrastructure, to keep up with the surging customer demand for new
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