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Visa Malaysia Rolls Out Two Initiatives to Promote Financial Literacy Through Games
Visa has launched two new initiatives designed to help young Malaysians improve their financial literacy through interactive gameplay. The first initiative is a local financial literacy program in partnership with GProvision, a gamification-based financial literacy educational institution. The programme will
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In Banking, the Super App Model is Not a Silver Bullet
Customer demand for integrated experiences, changing regulations and advances in technology are shaking up the traditional banking industry. At the same time, bigtechs, telcos and technology startups are making aggressive foray into finance, putting increased pressure on banking institutions. In
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Tan Sri Dr. Mohd Daud Bakar Receives Royal Award for Islamic Finance 2022
The Royal Award for Islamic Finance 2022 was bestowed to Tan Sri Dr. Mohd Daud Bakar by the Yang di-Pertuan Agong at an award presentation ceremony held in Kuala Lumpur today. Established in 2010, The Royal Award a biennial award
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Hong Leong Bank to Hold Physical Hackathon Focused on the Metaverse
Hong Leong Bank (HLB) is organising its “Can You Hack It” hackathon focused on re-imagining banking experiences through hyper-personalisation and the metaverse. This fully physical hackathon will be open to Malaysian residents where participants who are interested in joining should
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CIMB Beefs up Security Measures as Mandated by Bank Negara Malaysia
CIMB and CIMB Islamic Bank announced that it is on track to fully implement the enhanced security measures against scam as announced recently by Bank Negara Malaysia (BNM). The bank has already implemented SecureTAC approval via its CIMB Clicks app
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Maybank to Fully Shift From SMS OTPs to Secure2u by June 2023
Maybank announced that it will fully migrate to a more secure authentication method via Secure2u by June 2023. This applies to online activities or transactions relating to account opening, fund transfers and payments as well as changes to personal information
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Migrating to a Cloud-Native Core Helps Banks Reduce Core Spend by 76% Over 5 Years
Across the globe, financial institutions are under increasing pressure to remain competitive in a rapidly changing financial services landscape. Challenger banks and fintechs are leveraging modern technology stacks and agile operating models to innovate at speed and build modern, customer-centric
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BNM: Banks Will Enforce Additional Measures to Combat Rising Financial Scams
There will be five additional measures that will be undertaken by the banking industry to combat financial scams, says Governor of Bank Negara Malaysia (BNM), Tan Sri Nor Shamsiah Mohd Yunus. The Governor announced this at a virtual exhibition by
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Instapay Raises RM21.5 Million Series A to Fuel Its Expansion Plans
Payments firm Instapay Technologies announced that it has raised US$4.75 million (RM 21.5 million) in Series A funding round. This round was led by Daiwa ACA APAC Growth I with participation from Spiral Ventures Asia Fund I as well as
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Revenue Monster Group Bags RM30 Million From The SEA Capital
Malaysian fintech Revenue Monster Group announced that it has secured RM30 million in funding from private equity firm The SEA Capital, its second round of capital injection from the investor, following a recent restructuring exercise. The group has also formed
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