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Malaysian Financial Ecosystem Primed for Greater Innovation and Growth

The VMware Digital Frontiers 3.0 Study found that the customer battleground for Malaysia’s financial services industry has shifted online with 55% of Malaysians surveyed now preferring to engage with their banks via apps rather than visiting in-person at a branch, leading ahead of its Southeast Asian counterparts Singapore (51%), and Indonesia (53%), on par with […]

Pos Malaysia Goes All-in on AWS to Drive Business Transformation

VMware Banking Consumer 2020 Study: Malaysian consumers have one of the highest distrust of online payment security in the region

According to VMware, a leading innovator in enterprise software, the new VMware Banking Consumer 2020 Study reveals that almost half (46%) of Malaysia consumers are dubious about the security of e-wallets and payment applications. The numbers rise for connected devices, with 53% doubting the security of smart devices with payment capabilities. The study also found […]

Malaysia’s 5G Network Will Exceed 40% Coverage by end 2022, 80% by 2024

India poised to infuse $2 Billion into state-run banks

India will inject at least 135 billion rupees ($2 billion) into state-controlled banks this month, as it seeks to shore up capital buffers and help the lenders meet coupon payments on their bonds, people familiar with the matter said. Read the full story at https://www.bloomberg.com/news/articles/2018-07-18/india-is-said-poised-to-infuse-2-billion-into-state-run-banks SOURCE: Bloomberg

The stakes for trade with India

Shanghai Pudong Development Bank unveiled China’s first smart counter

The intelligent i-Counter provides customers with efficient and convenient one-stop integrated financial services digitally and the equipment at the counter can handle up to 90 percent of banking services previously done with the help of bank staff in the physical outlets, the Shanghai-based commercial joint-stock lender said. Read the full story at https://www.shine.cn/biz/company/1807027833/ SOURCE: SHINE

US-China Trade Is Close to a Record, Defying Talk of Decoupling

The outlook for Malaysia’s banks remains ‘stable’: Analyst

Simon Chen of Moody’s Investors Service says “fairly robust” global growth and expectations of strength in its domestic consumption are likely to bode well for Malaysia’s banking sector. Watch the video at https://www.cnbc.com/video/2018/06/17/the-outlook-for-malaysias-banks-remains-stable-analyst.html SOURCE: CNBC

Malaysia’s 5G Network Will Exceed 40% Coverage by end 2022, 80% by 2024

2018 Customer experience trends in banks and financial institutions

Editor’s Note: This article reports on the media briefing that followed the panel discussion – China’s digital revolution: The opportunities and challenges for Malaysia, in conjunction with HSBC’s Asian Outlook & BRI Forum 2018 at the Kuala Lumpur Hilton on 22 January 2018, By Charles F Moreira, Editor. Banks usually have to follow customers in […]

Pos Malaysia Goes All-in on AWS to Drive Business Transformation

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