Regtech/Regulation

Heitech Padu-Backed tekkis Launches eKYC and Payments Solution

eKYC company tekkis, backed by HeiTech Padu Berhad, launched two software solutions called t-Pay and t-Verify to enable businesses to collect payments and onboard verified customers through no-code payment links and embedded identity verification. t-Pay can be integrated into any

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BNM Collaborates With SSM to Regulate AML/CFT and TFS

Bank Negara Malaysia (BNM) will be collaborating with the Companies Commission of Malaysia (SSM) to strengthen collaboration in the regulation and supervision of anti-money laundering, countering financing of terrorism (AML/CFT) and targeted financial sanctions (TFS). Both entities signed a Terms

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SC Invites Feedback on Tech Risk Management Framework for Capital Markets

The Securities Commission Malaysia (SC) has published a consultation paper and is seeking the public’s feedback on a proposed regulatory framework relating to the management of technology risks by capital market entities. The proposed regulatory framework for technology risk management

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Here Are the Key Findings From OneSpan’s Global Financial Regulations Report

OneSpan recently released its second annual Global Financial Regulations Report, that outlines major developments in the regulatory landscape. In conjunction with comprehensive research into how the changing regulatory landscape is impacting the banking community, this year’s report also reveals how

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8 Technology Requirements to Consider When Future-Proofing Your BNPL Offering

As the BNPL space expands rapidly, organisations need to infuse their go-to-market strategies with advanced technology to make these programs sustainable – to manage risk and respond quickly to market needs, and to be agile to shift as needed to

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CIMB Rolls Out eKYC for Its First Fully-Digital Islamic Savings Account ‘OctoSavers’

CIMB Bank and CIMB Islamic Bank have launched the CIMB OctoSavers Savings Account-i, its first all-digital Islamic account where the account opening and onboarding process is self-executed entirely online. New customers will receive the newly launched Octo Debit Mastercard through

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UOB Malaysia Rolls Out in-App Digital Account Opening

UOB Malaysia announced the launch of a digital account opening service that enable customers to open a personal bank account anytime, anywhere via the bank’s UOB Mighty app. The bank said that its customers can now complete the onboarding process

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Innov8tif’s eKYC Solution Granted Patent to Verify Malaysian IC Microprints

The Intellectual Property Corporation of Malaysia (MyIPO) has granted Innov8tif Solutions a patent for its method of verifying the authenticity of a Malaysian identity document using a computer vision algorithm known as microprint detection technique. Microprint is a security feature

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How Securities Commission Malaysia Balances Innovation and Risk in Regulating Fintech

Innovation in fintech is happening at breakneck speed and for entrepreneurs to be able to thrive and introduce these innovations, the right environment has to be set in place. This unenviable task often lands on the desks of regulators who

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eKYC Startup WISE AI Receives Funding From Sunway’s Venture Firm Sun SEA Capital

WISE AI, a startup providing eKYC and digital identity solutions, has raised an undisclosed amount of funding from Sun SEA Capital, a venture capital backed by Sunway Group. This news follows Bank Negara Malaysia’s approval of the eKYC framework in

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