Digital Transformation
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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Bank Islam’s Subsidiary Launches “Robo-Intelligent” Investment App
BIMB Investment Management Berhad (“BIMB Investment”), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, today announced the launch of BEST Invest online investment mobile application (BEST Invest app), what they described as its “first Robo-Intelligence Sustainable Shariah-ESG investing online platform.”
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What Malaysia Can Learn from China in Battling COVID-19 Using Digital Technologies
The novel coronavirus, now known as Covid-19, was first discovered in the city of Wuhan, China, in December 2019. In the short span of three months, it has spread like wildfire. Concerned by the alarming levels of spread and severity,
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Why TM ONE is Going Big on Blockchain to Eliminate Passwords
Early this year, the business solutions arm of Telekom Malaysia Berhad (TM), TM ONE announced a collaboration with Korean-based blockchain firm, FNS Value Co. Limited (FSNV). The agreement between the two parties will position TM ONE as the sole distributor
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eKYC to Be Introduced to Banks Soon
Bank Negara Malaysia issued on Monday the much anticipated eKYC exposure draft for financial institutions in Malaysia, this draft when in effect, will be applicable across the industry to include banks, insurers, takaful operators, development financial institutions, and more. This
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UOB Finlab’s Jom Transform Programme Sees 30% Increase in Productivity for its SME Cohort
UOB Malaysia and Finlab announced Wednesday that the SMEs that have completed their Jom Transform Programme are expected to see productivity rise up to 30% through digitalisation Launched in June 2019, The Jom Transform Programme is a business transformation programme
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How Are Malaysia’s 5 Largest Banks Responding to Fintech in 2019
Banks are often punching bags when one thinks of industries that are not innovating quick enough. When the term fintech entered our public consciousness many would often say that fintechs will eat the bank’s lunch and some even bold enough
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