Archive
How Can Financial Institutions Put a Stop to Account Takeover Attacks
Financial Institutions (FI’s) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover (ATO) fraud is one of the top causes of fraud losses for banks and financial institutions. An account takeover occurs when
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Boost Enters Crowded Food Delivery Space with “Boost Makan”
Axiata Digital’s e-wallet Boost recently added a new food ordering platform called Boost Makan to help its food and beverage (F&B) merchants bring their businesses online. This includes cafes, restaurants, home businesses, hawkers, food court stalls and even food trucks. Existing
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CTOS IDGuard Thwarts Credit Fraud to the Tune of RM79 Million in One Year
CTOS IDGuard an application fraud bureau, said that it has prevented confirmed fraudulent credit applications to the tune of RM28 million in the first 12 months of operation. Additionally, CTOS IDGuard had also flagged a further RM51 million in suspicious
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Berjaya Corp Sells off 30% Stake in Razer Fintech for More Than RM220 Million
Malaysian conglomerate Berjaya Corporation (BCorp) announced that it has sold off 30 percent of its equity interest in Razer Fintech to Razer Midas for US$53.57 million (approximately RM223.89 million). BCorp will be holding on to the remaining 19 percent stake
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8 Technology Requirements to Consider When Future-Proofing Your BNPL Offering
As the BNPL space expands rapidly, organisations need to infuse their go-to-market strategies with advanced technology to make these programs sustainable – to manage risk and respond quickly to market needs, and to be agile to shift as needed to
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MCIS Life Acquires 4.99% Stake in Merchantrade
MCIS Insurance (MCIS Life) has taken up a 4.99% stake in Merchantrade Asia, a Malaysian money services business provider, for an undisclosed sum. The acquisition is set to accelerate MCIS Life’s digital transformation journey and leverage on Merchantrade’s digital capabilities,
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Boosting Fraud Prevention and AML While Preserving the Customer Journey
As the technologies that power the world of banking and financial services grow more sophisticated, so are the threats vectors affecting them. And although financial service providers are leaning heavily on technology to power next-gen products and services, perhaps the
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BNM Restores CTOS’ Access to CCRIS After Nearly 2 Months Suspension
CTOS’ access to the Central Credit Reference System (CCRIS) has been restored by Bank Negara Malaysia (BNM) effective Wednesday onwards. On 30 September 2021, BNM issued a temporary suspension of CCRIS’ access to all Credit Reporting Agencies as a precaution
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Malaysian Insurtech Fatberry Acquires MooMoo to Expand Its Footprint to Thailand
Malaysian insurtech platform Fatberry.com announced that it has expanded its footprint to Thailand through the acquisition of Bangkok based MooMoo Non-Life Insurance Broker (MooMoo) for an undisclosed amount. MooMoo started as a non-life insurance broker in 2014, offering motor insurance
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Funding Societies Launches Referral Scheme for MUFG Malaysia’s Corporate Clients
Southeast Asian SME digital financing platform Funding Societies has partnered with MUFG Bank Malaysia, a subsidiary of Mitsubishi UFJ Financial Group to launch a Referral Scheme Programme exclusively for the bank’s corporate clients in the country. The collaboration aims to
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