Archive
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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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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CIMB Group Doubles Its Sustainable Finance Target to RM60 Billion by 2024
CIMB Group announced that it is doubling its sustainable finance target to RM60 billion by 2024 under its Green, Social, Sustainable Impact Products and Services (GSSIPS) framework. The increased target was announced during the opening of CIMB’s flagship The Cooler
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Gobi Partners Closes US$10 Million Malaysia-Focused Fund Joined by Allianz
Pan-Asian venture capital firm Gobi Partners announced the closing of its US$10 million Gobi SuperSeed II (Gobi SSII) Fund following the participation of Allianz Malaysia as a Limited Partner (LP). Other LPs backing the Gobi SSII Fund are institutional investors
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How Travel Agents Can Benefit from Tranglo’s Payments Services
After two years of stasis, the pent-up demand to cross international borders again has breathed new life into the travel industry. The UNWTO reported that global international tourist arrivals more than doubled (+130%) in January 2022 compared to 2021, amounting
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