Digital Transformation

Is Malaysia’s National Digital ID the Key To Shaping a Digitised Society

In an era dominated by digitalisation, where technology weaves its way into the very fabric of society, the imperative for robust digital identity verification has become increasingly pronounced. In response to this increasing need, Malaysia has initiated the National Digital

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An Ecosystem Approach to Banking the Underbanked

Reaching Indonesia’s unbanked and underbanked population has been a long-standing challenge for banks. Hindered by numerous factors, including sociocultural diversity, low levels of financial literacy, and Indonesia’s archipelagic geography, the expansion of traditional banking channels has been cost-prohibitive. The result

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Are Digital Banks the Catalyst in Making Embedded Finance the New Norm in Asian Finance?

In a dynamic and ever-changing financial landscape, the concept of embedded finance has emerged as a powerful force shaping the future of financial services.  During a recent fireside chat, a panel of experts delved deep into the intricacies of embedded

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Harnessing Responsible AI in the Financial Sector

Artificial Intelligence (AI) has become integral to our daily lives, driving technological advancements and enhancing various industries, including finance. However, the increasing use of AI also raises concerns about responsible and ethical practices.  It is essential to ensure that AI

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Fintech’s Resilient Ride to Spur Digitalisation Despite Recession, Banking Crisis

The world has undergone significant changes since the onset of the pandemic, especially in the financial industry’s journey towards digitalisation. The pandemic expedited the transformation of customer interactions by three years and pushed banks’ digital offerings ahead by seven years.

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Bank Treasurers Can Be Key Players in Driving Efficiency

Before 2008, the role of the bank treasurer broadly revolved around reporting, balance sheet management and cash management. This changed when the global financial crisis saw well-established financial institutions run out of liquidity and eventually fail. Today, treasurers are increasingly

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Thought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap

Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast Asia, to streamline its lending process and develop new products more quickly. Founded in 2018, Nikel which rebranded from Impact

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Financial Planning, Fintech Synergy Key to Malaysia Economic Resilience, Says SC

The world of finance, like many industries, is undergoing rapid transformation, spurred mainly by technological advancements even in emerging markets. One such country embracing this transformation is Malaysia, which was the backdrop for insights shared at the Financial Planning Association

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HSBC Malaysia Enables In-App Investment Account Opening

HSBC Malaysia’s Premier customers can now open an investment account using the mobile app. The service is embedded within the Wealth tab in the app. With this move, HSBC Malaysia’s Premier customers can easily open unit trusts, bonds, and Sukuk

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Accelerating Customer-Centric Digital Transformation in Malaysian Banks

The digital transformation journey of banks, particularly in the Asia-Pacific (APAC) region, has been a hot topic of discussion for years. Backbase, a global leader in engagement banking, has recently revealed the release of an IDC Infobrief that sheds light

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