Digital Transformation

5 Things MDEC is Doing to Bring Fintech in Malaysia to the Next Level

The Malaysian fintech scene has grown considerably since its early days. Our 2018 Fintech Report shows that the number of fintech companies operating in Malaysia has more than doubled compared to its previous year. This should come as no surprise

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Just What Are We Going to Do With Bank Branches?

  Branch banking is dead. A statement that we’ve heard probably a million times or more. The very same statement that normally comes accompanied with the cause of death and murder weapon being shifting demographics and digital technologies. A quick

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Bank Negara Malaysia to Pave the Way for Neo Banks

Bank Negara Malaysia will soon release its requirements for a virtual banking license by end of this year, according a NST report. Virtual banking license seems to be all the rage these days with Hong Kong announcing their 3 approved

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Why an Overhaul in Cyber Security Mindset is Crucial for Banking

In an increasingly connected world the need for a robust cyber-security in the banking sector is more important today than it has ever been. While banks of the past defended themselves from malicious actors with better vaults, exploding dye packs

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5 Key Trends That Have Emerged in Malaysia’s Banking Scene in 2018

Renowned cosmologist Carl Sagan once said, “You have to know the past to understand the present.” A statement that rings true across all facets of life, as we approach the end of 2018, it’s worthwhile for us to look some

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OCBC’s Fintech Innovation Arm The Open Vault Now Opens in Malaysia

The Open Vault, the FinTech and Innovation unit of OCBC Bank has been officially unveiled in Malaysia. Back in its home ground, its Singaporean counterpart has been known to launch several initiatives such as their mortgage loan chatbot EMMA, a

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TM ONE Plays Host to UK Artificial Intelligence Trade Mission

Telekom Malaysia Berhad,  through its business solutions arm, TM ONE, recently hosted an Artificial Intelligence Trade Mission from the UK at the TM ONE Experience Centre, in collaboration with the Department for International Trade (DIT) of British High Commissioner(BHC). 9

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Ambank’s New Fintech Playbook Involves a Chatbot and Robo-Advisors

Since the wave of fintech disruption arrived on the shores of Malaysia several years back, many 1st-tier banks have each responded with their own strategies. Ambank was the only tier-1 bank that has not clearly spelled out their game plan,

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Why BNM’s Open API Initiative Could Bring Malaysia’s Fintech into a New Era

Bank Negara Malaysia just released a proposed guideline for Open APIs in Malaysia, and is currently seeking feedback from the public. This follows Bank Negara Malaysia’s announcement earlier this year that it would be setting up an implementation group in the first

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Maybank Launched 3 New Features To Help its 10 Million Users Plan Their Budgets

Maybank announced the launch of their new digital financial planning tool on it’s online banking website, Maybank2u. The new tool is geared at helping their customers plan their savings, monitor their insurance and keep updated on their financial situation. Commenting

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