Banking

UOB Finlab’s Jom Transform Programme Sees 30% Increase in Productivity for its SME Cohort
Banking Digital Transformation

UOB Finlab’s Jom Transform Programme Sees 30% Increase in Productivity for its SME Cohort

UOB Malaysia and Finlab announced Wednesday that the SMEs that have completed their Jom Transform Programme are expected to see productivity rise up to 30% through digitalisation Launched in June 2019, The Jom Transform Programme is a business transformation programme

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Hong Leong Bets on a Digital Bank for its Expansion into Vietnam
Banking

Hong Leong Bets on a Digital Bank for its Expansion into Vietnam

In a bid to capture foreign markets, Malaysian banks are increasingly turning to launching a digital bank as a strategy. Hong Leong Bank announced recently that they have a launch a digital bank that they described as a next-generation, customer-centric

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How Are Malaysia’s 5 Largest Banks Responding to Fintech in 2019
Banking Digital Transformation

How Are Malaysia’s 5 Largest Banks Responding to Fintech in 2019

Banks are often punching bags when one thinks of industries that are not innovating quick enough. When the term fintech entered our public consciousness many would often say that fintechs will eat the bank’s lunch and some even bold enough

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Hong Leong Bank Launches eToken with Biometric Recognition for Businesses
Banking

Hong Leong Bank Launches eToken with Biometric Recognition for Businesses

Hong Leong Bank unveiled a new, secure and seamless eToken for their Corporate and Small-to-Medium Enterprises (SME) customers. The eToken has authentication technology built-in, with additional biometric facial recoginition technology for mobile devices which meets strict regulatory security requirements. This

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Public Bank Launches New Mobile Banking App With DuitNow’s Universal QR
Banking

Public Bank Launches New Mobile Banking App With DuitNow’s Universal QR

Public Bank released yesterday its new mobile banking app named PB Engage MY on Google Playstore and Apple App Store. The new app features a refreshed and a slightly more modern aesthetic compared to its previous iteration. New functionality for

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Bank Islam Announces Two Fintech Partnerships
Banking

Bank Islam Announces Two Fintech Partnerships

Bank Islam announced partnership with two fintechs as part of its drive for digital transformation. The partnerships are namely with BerryPay and KiplePay, the e-wallet focused subsidiary of Green Packet Berhad. In said partnership BerryPay will help Bank Islam tap

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

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
Banking

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
Banking E-Wallets Payments

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
Banking

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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