Digital Transformation
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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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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