Digital Transformation

FICO: 61% of Malaysians Prefer Digital Banking Channels During Financial Hardship

Over the past year, companies have had to accelerate their digital transformation just to survive. Their investments were essential to retain customers, do business remotely, keep orders flowing and manage supply chains. While most companies are already on their way

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From Relationships to Platforms – the Shift in Corporate Banking

Banking has undergone a major shift in recent years thanks to the advent and advancement of digital banking technology. This shift has also been accelerated by the COVID-19 pandemic, with lending, trade finance and cash management functions all under pressure

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Platform: The Strongest Foundation for Faster Digital Transformation in Banking

The last year has brought many changes, including the large and rapid shift towards digital which has also seen banks accelerate their transition to the cloud. This shift has been a good thing, as the cloud has many benefits –

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Intelligently Manage Money with Mobility

Technology has been changing behaviour of people. Many are showing significance reliance on the Internet – mobile network in particular – more than ever. At the same time, technological innovations are led by such behavioural changes. Indeed, successful innovations need

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Agile Infrastructure Construction Leads to Successful Digital Transformation

Digital transformation is inevitable for all sectors. Enterprises and organisations have to be visionary on such changes and be ready to cope with the unexpected. The transformation is not new, as systems are continuously upgraded with more advanced technology to

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Changing the World With Bank of Things

Digital transformation is now everywhere, as every industry is actively adopting advanced information and communications technology (ICT) while changing business practices. The digital economy is extending its presence with speed, ease of access, as well as the power penetration that

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OCBC Introduces its Mobile-First Banking Solution FRANK to Malaysia

OCBC Malaysia announced the launch of its digital banking solution FRANK by OCBC in Malaysia. This solution was first introduced in Singapore circa 2010. In Malaysia, OCBC says that it seeks to provide the mobile generation with a “fresh new

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UOB Finlab’s Jom Transform Goes Digital This Year

UOB Malaysia’s innovation accelerator The FinLab has launched a regional digital platform to where local SMEs and start-ups can start their digital transformation journey. The FinLab Online digital platform will incorporate the Jom Transform Programme, a business transformation programme in

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Bank Negara Malaysia Unveils New eKYC Guidelines Ahead of Its Virtual Banking Framework

Bank Negara Malaysia issued its policy document on Electronic Know-Your-Customer (e-KYC) on Tuesday, which follows their earlier exposure draft in December 2019. This new policy is in effect immediately for all financial institutions including banks, insurers, remmitance companies, money changers

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Gig Economy Challenge: How Can We Solve Pressing Issues Faced By Gig Workers?

The importance of the gig economy has always seen a steady growth trajectory, but nothing has made its importance clearer to everyone than the COVID-19 pandemic — from delivering essential services to providing side income for those affected. Which is

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