Digital Transformation
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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A Glance at Malaysia’s Fintech Friendly Budget 2020
Malaysia’s Budget 2020 was tabled last Friday, charting the economic direction of the nation. Broadly speaking, there were some hits and misses but many agree that there was there is a bigger focus of building a digital economy. Surina Shukri,
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UOB and The Finlab Selects 16 Local SMEs for Their Jom Transform Programme
United Overseas Bank (Malaysia) Bhd (UOB Malaysia) today announced the 16 businesses selected to participate in The FinLab’s Jom Transform Programme. The businesses selected to participate in the Jom Transform Programme are from a wide range of sectors including food
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Why eKYC is Key To Unlocking Malaysia’s Digital Banking Revolution
I’ve moderated and sat in a fair number of fintech panel discussions over the years, a question that is brought up 9 out 10 of every panel discussion is “What do you think are the key technology shaping fintech
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5 Ways That 5G Could Shape Fintech in Malaysia
With bold claims like powering self-driving cars and streaming virtual reality, the promise of 5G in Malaysia has captured the imaginations both tech-geeks and casual internet surfers alike. Moving past some of these futuristic claims, just the basic premise of
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More Than Half of Hong Leong’s Customers are Now Digital
Hong Leong revealed today at their media briefing, a growing customer adoption of its digital platforms. They shared that over 64.4% of its customers are now utilising digital and mobile platforms for banking transactions as at the end of 2018,
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UOB’s New Programme Aims to Drive Digital Adoption Among Malaysian SMEs
UOB Malaysia announced today, the launch of Jom Transform, a programme aimed at helping SMEs adopt digital technology to drive productivity and growth. The Jom Transform programme is run by The Finlab, an innovation accelerator under UOB, which first launched
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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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