Regtech/Regulation

Revenue Group Plans to Acquire 51% Stake in Innov8tif for RM36 Million

Payment solutions provider Revenue Group plans to acquire a controlling stake of 51% in Innov8tif Holdings from glove maker Hong Seng for RM36 million in a total cash purchase. Innov8tif Holdings is an investment holding company that owns Innov8tif Solutions

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TOPPAN IDGATE Offers Highly Secure Authentication for Digital Banking

Digital technology is increasingly transforming financial services. In the era of mobile devices, digital services through mobile apps have become part of our daily lives. The question now is whether one can trust the system to manage their assets and

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Futureproofing Fintech: Navigating AML Compliance in a Rapidly Evolving Sector

The fintech space is experiencing unprecedented challenges when it comes to anti-money laundering (AML) compliance. From a global pandemic that shifted users online to economic downturns and sanctions resulting from geopolitical conflicts, fintech firms face daunting challenges that can harm

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BNM to Co-host Virtual AML/CFT Hackathon 2023 to Help Crack Down on Financial Crime

Bank Negara Malaysia (BNM), in partnership with the Financial Intelligence Consultative Group (FICG), will be co-hosting the AML/CFT Hackathon 2023 from 1 to 28 June 2023 to develop digital solutions to help combat financial crime. Bank Negara Malaysia Deputy Governor

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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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