Banking
Banking Consumers Want Financial Empowerment, Not Just Apps
Consumers don’t just want shiny apps and digital banking, they want to feel that their bank is a partner who can help them reach financial empowerment. That is the finding of a new ethnographic study by Finastra, which has gone
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Maybank’s New SME Digital Financing Solution Approved RM 1 Billion Loans in 6 Months
Six months into its launch, Maybank SME Digital Financing has approved RM1 billion of financing, serving more than 8,200 Small and Medium sized Enterprise (SME), of which 85% or 6,950 are start-ups & microenterprises. In addition, they said all applications
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TM ONE and Sunline Inks Partnership to Drive Digital Transformation for Banks
Telekom Malaysia Berhad (TM) via its enterprise and public sector business solutions arm, TM ONE, today inked a Memorandum of Collaboration (MoC) with Sunline Technology (Malaysia) Sdn Bhd to enable the transformation of banks and financial institutions with cutting-edge cloud-based
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Hong Leong Rolls Out Smartphone Payment Terminals Powered by PayNet & Soft Space
Hong Leong Bank announced today the roll out of its “Hong Leong Tap on Phone” solution, which enables Android mobile devices to be used a card payment acceptance device. This new contactless feature is made possible through a partnership with
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Banks Must Gear Up for Upcoming Data-Intensive Era, Experts Say
Changing customer expectations, the rise of big techs, and COVID-19 are accelerating banks’ digital transformation, forcing them to upgrade their infrastructure to meet the requirements of the data-intensive era, experts said. At the Huawei APAC FSI Data Storage Summit virtual event, experts
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HSBC Launches Voice Biometric Technology For Customers in Malaysia
HSBC launched its Voice ID solution for customers in Malaysia, stating that it is the first country in Southeast Asia where the bank has introduced this capability. Voice ID is an advanced voice biometric technology which allows customers to verify
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Hong Leong Unveils Digital Banking App Targeted at Parents and Their Children
Following its recent upgraded consumer digital banking app, HLB Connect, Hong Leong Bank today unveils a digital banking platform that is targetted at serving savers and their parents called HLB Pocket Connect. The app includes an “Earn Feature” which allows
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Finology Powers RHB’s Instant Mortgage Loan Approval
RHB announced today a partnership with Finology to enable instant online approval for mortgage loan applications through Loanplus. Developed by Finology, Loanplus is a patented solution that enables property developers and real estate agents to help customers obtain their pre-approved
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RHB Launches AI-Powered SME Financing App
RHB announced today the launch of RHB Financing (SME) Mobile App, which they described as an “AI-powered” and “customer self-initiated” SME mobile app, which they claim in the first in Malaysia. The app, they said, is powered by AI, machine
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HSBC Launches Digital Account Opening in Malaysia Following BNM’s New eKYC Regulation
HSBC Malaysia announced the launch of its digital account opening service, claiming that it is the first bank to do so in Malaysia. However, the process is still not a fully digital one as it still requires customers to show
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