Digital Transformation

UOB Malaysia Unveils Its Upgraded AI-Powered UOB TMRW App

UOB Malaysia announced the launch of its refreshed mobile banking app UOB TMRW powered by data analytics and artificial intelligence (AI) to offer a more personalised banking experience for its customers. The existing UOB Malaysia’s mobile banking app that was first

Read More

How Embedded Finance Is Revolutionising Financial Services in Southeast Asia

Embedded finance is a thriving trend that is rapidly changing the banking and financial services landscape in Southeast Asia. With around 290 million unbanked consumers in the region, embedded finance has the potential to help improve financial inclusion for those

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More