Digital Transformation
BNM Seeks Public Feedback on Two Key Enhancements to Its Regulatory Sandbox
Bank Negara Malaysia (BNM) is inviting feedback on its proposal to make several enhancements its existing Financial Technology Regulatory Sandbox Framework. The central bank said that the enhancements are focused at ensuring proportionate regulatory facilitation and improving operational efficiency of
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Bank Islam Partners MESINKIRA to Aid MSMEs in Their Digital Journey
Bank Islam Malaysia has partnered with MESINKIRA, a cloud-based retailing platform for MSMEs, to offer underbanked microentrepreneurs a chance to digitalise their businesses through an end-to end integrated mobile business management solution. Microentrepreneurs that will benefit from the collaboration are
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Alliance Bank Malaysia Lays Out Growth Plan for the Next 4 Years
Alliance Bank Malaysia has announced its new strategic plan Acceler8 that will be the blueprint for the bank’s growth for the next four years until 2027. The Acceler8 plan includes the expansion efforts into new market segments and business verticals
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The Story of Sugar: Why a Company Pivoted from Buy Now Pay Later to Save Now Buy Later
Buy now pay later, or BNPL, solutions have recently gained traction. These solutions allow customers to purchase items and pay for them later, either in installments or full. A Juniper Research report predicts that BNPL users will surpass 900 million
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Security Bank Philippines Taps Malaysia’s Consolsys to Automate Its Branches
Security Bank Philippines has partnered with Malaysian banking automation company Consolsys to revamp its branch experience. The partnership will enable Security Bank to transition its current branch banking management system to a cloud-based omni-channel platform. This includes the replacement of
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CIMB Taps MESINKIRA to Bolster Malaysian MSMEs’ Digitisation Efforts
CIMB Bank and CIMB Islamic Bank announced a partnership with software and system integration company ModulEight Technologies to support the growth of micro, small and medium enterprises (MSMEs). Through this partnership, MSMEs will be onboarded onto MESINKIRA, an integrated mobile
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Agile Banking Transformation: A New Era in Banking
The world of financial services is in a state of constant change, with many traditional banks across the Asia Pacific, and indeed the world, now actively pursuing digital transformation strategies. For many of these organisations, it has been the impact
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Traditional Banks Woo Malaysian SMEs With Digital Banking
The COVID pandemic has forever changed how businesses operate, from digitising operations, and remote working, to loan financings and banking digitally. While the impact of the pandemic has been felt across sectors of various sizes, Malaysian Small and Medium Enterprises
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Affin Bank Taps Aspire Systems to Bolster Its Digital Banking Journey
Affin Bank has partnered with global technology services firm Aspire Systems to lead its digital banking transformation journey. Through this partnership, Aspire Systems will help Affin to achieve digital maturity quickly and become a truly digital bank with its experience
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Migrating to a Cloud-Native Core Helps Banks Reduce Core Spend by 76% Over 5 Years
Across the globe, financial institutions are under increasing pressure to remain competitive in a rapidly changing financial services landscape. Challenger banks and fintechs are leveraging modern technology stacks and agile operating models to innovate at speed and build modern, customer-centric
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