Banking

More Than Half of Hong Leong’s Customers are Now Digital

Hong Leong revealed today at their media briefing, a growing customer adoption of its digital platforms. They shared that over 64.4% of its customers are now utilising digital and mobile platforms for banking transactions as at the end of 2018,

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RHB Aims to Double Mobile Banking Users with New App

RHB Bank announced the launch of their brand new mobile banking app today. From first impressions, the new app appears to sleeker and have a more intuitive UI. Dato’ Khairussaleh Ramli, Group Managing Director, RHB Banking Group shared that with

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The Dark Side of Malaysia’s Quest into a Cashless Society

It’s no secret that Malaysia is gung-ho about cashlessness. Bank Negara Malaysia itself expressed as much, within the policies and guidelines outlined in their Interoperable Credit Transfer Framework (ICTF), and which PayNet, the system underlying much of payments and banking in

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CIMB’s Trump Card for the Philippines is a Neo-Bank Inspired Strategy

CIMB just announced its formal expansion into the Philippines, and seemingly taking advantage of the blank slate there to launch an all-digital and mobile-first bank. The strategy to go fully digital seems to be favoured by banks that are entering

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88% of Malaysians Believe That New Fintechs Are as Trustworthy as Traditional Banks

Ten years away from the global financial crisis and in the aftermath of the 1MDB scandal, consumer confidence in Malaysia’s financial sector is strong, with 83% of Malaysians saying the sector has a good reputation. In the inaugural Financial Services

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Why an Overhaul in Cyber Security Mindset is Crucial for Banking

In an increasingly connected world the need for a robust cyber-security in the banking sector is more important today than it has ever been. While banks of the past defended themselves from malicious actors with better vaults, exploding dye packs

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5 Key Trends That Have Emerged in Malaysia’s Banking Scene in 2018

Renowned cosmologist Carl Sagan once said, “You have to know the past to understand the present.” A statement that rings true across all facets of life, as we approach the end of 2018, it’s worthwhile for us to look some

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OCBC’s Fintech Innovation Arm The Open Vault Now Opens in Malaysia

The Open Vault, the FinTech and Innovation unit of OCBC Bank has been officially unveiled in Malaysia. Back in its home ground, its Singaporean counterpart has been known to launch several initiatives such as their mortgage loan chatbot EMMA, a

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CIMB Takes Vietnam More Seriously with a Second Branch and New Mobile App

CIMB Bank unveiled its first Digital Lounge in Ho Chi Minh City (Saigon), along with the OCTO by CIMB mobile banking app for consumers. Ho Chi Minh City hosts CIMB Bank Vietnam’s first branch following the establishment of its headquarters

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TM ONE Plays Host to UK Artificial Intelligence Trade Mission

Telekom Malaysia Berhad,  through its business solutions arm, TM ONE, recently hosted an Artificial Intelligence Trade Mission from the UK at the TM ONE Experience Centre, in collaboration with the Department for International Trade (DIT) of British High Commissioner(BHC). 9

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