Banking
RHB Appoints Ryan Teoh as Group Chief Strategy and Innovation Officer
RHB Banking Group has appointed Ryan Teoh as its new group chief strategy and innovation officer, effective November 1. According to the bank, Teoh joined the group in November 2019 as the head of the group strategy and was appointed
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Traditional Banks Woo Malaysian SMEs With Digital Banking
The COVID pandemic has forever changed how businesses operate, from digitising operations, and remote working, to loan financings and banking digitally. While the impact of the pandemic has been felt across sectors of various sizes, Malaysian Small and Medium Enterprises
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How Tech Innovation Simplifies Payments and Reduce Risks for Fintechs, Digital Banks
In 2021, over 7.2 billion transactions were made with e-payment channels in Malaysia, a 30% year-on-year increase. This makes it the largest growth spurt since 2006, according to Malaysia Digital Economy Corporation (MDEC). The effects of pandemic-accelerated digitalisation appear to
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Open APIs, Digital Banking and Hybrid Work — How TM One Protects its Clients from Cyber Threats
The pandemic accelerated digitalisation to levels never before seen, forcing the financial sector to evolve quickly or risk being left behind. In addition to pivoting to a remote workforce, financial sector also embraced digital banking and open application programming interfaces
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BNM Approves UOB’s Acquisition of Citi’s Consumer Banking Business in Malaysia
UOB Malaysia and Citi Malaysia have received regulatory approval from Bank Negara Malaysia (BNM) for UOB’s acquisition of Citi’s consumer banking business in the country. Following the approval, both sides will apply for a vesting order from the High Court
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How Can Branch Banking to Evolve and Stay Relevant in a Digital World
If there is one clear mark that the pandemic has left on the banking industry, it is evident in the acceleration in the adoption of online and mobile banking solutions among customers, leaving a decreased footfall in physical bank branches.
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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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