Digital Transformation

Reinventing How FIs Interact With Their Customers Using Digitalisation

Consumer digital adoption and expanding regulatory frameworks in APAC present significant prospects for digital banking. COVID-19 has enhanced this potential by boosting digital adoption and highlighting the paths to digital banking growth. Building and developing a digital bank successfully necessitates

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How Indonesia’s BNPL Giant Leverages Data Science to Drive Innovation

Data science and machine learning are some of the most complex yet important business concepts today. And many companies, irrespective of their niche, rely on them to deliver a better user experience to their customers. But what role do data

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Malaysian Takaful Association Partners With FAOM to Spur Fintech Adoption

The Malaysian Takaful Association (MTA) signed a Memorandum of Understanding (MOU) with the Fintech Association of Malaysia (FAOM) to spur the adoption of fintech among takaful players in Malaysia. MTA said that this strategic initiative supports the 3 third strategic

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Kenanga Bets Big on Its Super App and Embedded Wealth for Their Next Phase of Growth

These days everyone wants to be a super app from bigtechs to banks and even an airline company like Air Asia. It’s easy to see why, the allure of being able to deliver a plethora of services through a single

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CIMB Debuts Brand New Mobile App CIMB OCTO

CIMB Group today introduced the early release of CIMB OCTO App, its next generation mobile banking app designed to deliver new features and personalisation for over 8 million customers nationwide. CIMB OCTO will be rolled out in phases and enhanced

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KPMG Partners With FAOM to Catalyse the Growth of the Malaysian Fintech Sector

KPMG in Malaysia and Fintech Association of Malaysia (FAOM) signed a Memorandum of Understanding (MoU) with the aim to catalyse the growth of Malaysia’s fintech sector and the digital players in the space. Through this collaboration, KPMG and FAOM will

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Bank Islam Selects Cloud Provider AWS to Power Its “Be U” Digital Bank

Bank Islam has selected Amazon Web Services (AWS), an Amazon.com company, as its preferred cloud provider to power its Be U digital bank. The bank is building Be U through its Centre of Digital Experience (CDX), an independent division which

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Digital Transformation: Ditching the “Build vs. Buy” Mentality for a Hybrid Approach

Banks embarking on a digital transformation journey face the tough dilemma of having to choose between building platform components in-house or buying them. But instead of these two historically binary options, there is a third alternative that combines the best

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BaaS Needs to Double Down on Cross-Industry Partnerships to Fuel Growth

Banking as a Service (BaaS) is seen as one of the biggest opportunities in financial services and is experiencing rapid growth in APAC. Indeed, almost 9 out of 10 APAC executives surveyed by Finastra said they had already implemented BaaS

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RHB Enhances Its API-Driven Digital Platform With More Offerings for SMEs

RHB Banking Group has further enhanced its RHB REFLEX Premium Plus digital platform driven by an Application Programming Interface (API) integration with selected partners, to provide accounting and human resource (HR) solutions for its SME customers. RHB Reflex Premium Plus

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