Digital Transformation

TOPPAN IDGATE Deploys Facial Recognition Tech on Kiosks for Digital Onboarding

It can be difficult for financial institutions to rely exclusively on physical branches for comprehensive service for certain markets, particularly those spanning large territories. In such cases, Modular Service Kiosks are the perfect alternative, extending financial and payment services to

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Purposeful Coexistence in Your Journey to a Digital Core

The costs and complexity of legacy banking technology have firmly established the need for financial institutions to modernise their systems. Banks must move away from legacy infrastructure that constrains innovation and prevents them from providing the real-time, personalised banking experiences

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AWS and Mambu Share Their Guide to Cloud Migration for Incumbent Banks

In today’s rapidly evolving economic environment, businesses need to be able to adapt quickly to changing market and consumer demands. This is especially true for traditional banks and financial institutions experiencing pressure to offer the same level of agility as

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Transforming the Future of Banking Through Cloud and Open-Source Technologies

The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied on legacy systems and proprietary software, resulting in operations being siloed, scalability being limited, and high costs. However, with the

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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

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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

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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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