Alliance Bank Malaysia Berhad’s Post

Bank Negara Malaysia (BNM) collaborating with financial institute to help rakyat to access the financial services as many from the B40 still faces financial exclusion. Therefore BNM and the others has introduce Digital Bank for their convenience of accessibility. Having said that, many questions what is digital bank and we are here to share some basic facts about digital banking. Check out this article on how Digital Bank helps the B40 group. https://lnkd.in/dbXEmfti #marketresearch #oppotus #digitalbanking #bankingtransformation

Portal as mentioned below shall be very helpful to fight against scam. This is a great initiative by neighboring country and Nepal Government or concern authorities also should plan accordingly. 5. The National Fraud Portal (NFP) is set to launch in mid-2024 to fight financial scams, track stolen funds, and identify fraudsters.

Thailand’s banking is evolving. Siam Commercial Bank (SCB), partnering with #Huawei, embraced #DigitalFinance to make banking accessible to the unbanked, attracting 45,000 new customers and boosting transactions by 58%. https://lnkd.in/gyR4WEwx #Transform #ThisIsHuawei

Looking forward to join the panel discussion organised Asian Banking and finance on Transforming digital bank towards profitability. Having clear path to profitability is key for Digital banks as it underpins their ability to grow, gain customer confidence ,innovate, manage risks, maintain a strong position and establish as trusted players in the financial industry. #ABFSummit2023 #AsianBankingandFinance #MoxBankLimited #UNOAsia #MayaBank #TrustBank #unodigitalbank

Aki Ismasufian (Pg Aki Ibrahim), CEO of Standard Chartered Bank Brunei, discussed the bank’s business performance, strategic focus, and key developments in Brunei’s financial sector, around digital transformation, institutional cash and treasury management, sustainability, and the challenges facing the industry.  Ismasufian highlighted the bank’s core concentration on retail banking and wealth management, underlining its commitment to serving individual customers and assisting them in managing their financial assets effectively, while also providing cash management services for corporate and institutional clients, leveraging the group’s network capabilities.  Ismasufian also emphasised the bank’s digital transformation and its evolution into a digitally-focused bank with continuous investment and enhancements in both its retail and business digital banking platforms, leveraging its capabilities in banking-as-a-service to collaborate with other financial institutions and enhance digital banking experiences.  Participating in the National Digital Payment Network, Standard Chartered is keen to contribute to the country’s digital payment ecosystem. This will pave the way for the country to join the ASEAN regional payment connectivity initiative. Ismasufian anticipates that participation in these networks will accelerate the growth of digital commerce and e-commerce within the country.  Standard Chartered is also focused on sustainability and its global initiatives to achieve carbon neutrality by 2030 and net-zero emissions by 2050. Ismasufian stressed the imperative to expedite the achievement of sustainability goals, but he also sees the need to accelerate opportunities for diversification in other industries such as downstream and manufacturing derivatives, to name a few.  He also acknowledged the need to foster entrepreneurship in Brunei, noting that the pace of economic growth can be accelerated. He also highlighted the importance of financial inclusion in driving economic progress. Marilyn Graeme, Brenda Low, Jocelane Basir, David Kong Foo Boon Ping 胡文彬, TAB Global #StandardCharteredBrunei #bankinginbrunei #digitaltransformation #retailbanking #wealthmanagement #sustainabilityinitiatives #financialinclusion #cashmanagement #aseanpaymentconnectivity #carbonneutrality #netzeroemissions #businessdigitalbanking #economicgrowth #financialservices #digitalpaymentecosystem #bankingasaservice #diversificationopportunities #TAB #entrepreneurshipinbrunei #sustainablebanking #aseanfinance #theasianbanker #tabglobal

Portal as mentioned below shall be very helpful to fight against scam. This is a great initiative by neighboring country and Nepal Government or concern authorities also should plan accordingly. 5. The National Fraud Portal (NFP) is set to launch in mid-2024 to fight financial scams, track stolen funds, and identify fraudsters. Instapay Technologies Sdn Bhd Instapay Technologies Sdn Bhd 1,533 followers 1,533 followers 1w •     1w • Follow 5 Key Takeaways from 2023 Annual Report of Bank Negara Malaysia Bank Negara Malaysia (BNM) issued its Annual Report 2023 with detailing the insights of important advancements and regulatory measures implemented within the financial sector over the past year. 1. BNM has strategically shifted its focus to the Financial Inclusion Framework 2023–26 aiming at achieving broader developmental outcomes for improving the financial well-being and living standards of Malaysians. 2. Three digital banks (GX Bank, Boost Bank, AEON Bank) have been launched in Malaysia, to provide services primarily aimed at underserved markets such as gig workers, SMEs, and lower-income groups. 3. E-payment transactions grew 20% in 2023 while cross-border payments showed a significant increase. BNM is also exploring technology to simplify compliance processes for cross-border transactions. 4. BNM continues to monitor digital assets' impact on financial stability and explores Central Bank Digital Currencies (CBDCs) to improve cross-border payments. 5. The National Fraud Portal (NFP) is set to launch in mid-2024 to fight financial scams, track stolen funds, and identify fraudsters. In conclusion, Bank Negara Malaysia (BNM) highlighted key achievements and further goals for improving financial inclusion, digital banking, and payment infrastructure in safety as well as capability advancements in its 2023 Annual Report. Source: https://lnkd.in/eCU9Nysy hashtag #FinancialInclusion hashtag #Epayment hashtag #CrossBorderPayments hashtag #DigitalPayments hashtag #FraudPrevention hashtag #MigrantWorkers hashtag #MoneyPayments hashtag #Instapay hashtag #InstapayTech hashtag #Fintech

5 Key Takeaways from 2023 Annual Report of Bank Negara Malaysia Bank Negara Malaysia (BNM) issued its Annual Report 2023 with detailing the insights of important advancements and regulatory measures implemented within the financial sector over the past year. 1. BNM has strategically shifted its focus to the Financial Inclusion Framework 2023–26 aiming at achieving broader developmental outcomes for improving the financial well-being and living standards of Malaysians. 2. Three digital banks (GX Bank, Boost Bank, AEON Bank) have been launched in Malaysia, to provide services primarily aimed at underserved markets such as gig workers, SMEs, and lower-income groups. 3. E-payment transactions grew 20% in 2023 while cross-border payments showed a significant increase. BNM is also exploring technology to simplify compliance processes for cross-border transactions. 4. BNM continues to monitor digital assets' impact on financial stability and explores Central Bank Digital Currencies (CBDCs) to improve cross-border payments. 5. The National Fraud Portal (NFP) is set to launch in mid-2024 to fight financial scams, track stolen funds, and identify fraudsters. In conclusion, Bank Negara Malaysia (BNM) highlighted key achievements and further goals for improving financial inclusion, digital banking, and payment infrastructure in safety as well as capability advancements in its 2023 Annual Report. Source: https://lnkd.in/eCU9Nysy #FinancialInclusion #Epayment #CrossBorderPayments #DigitalPayments #FraudPrevention #MigrantWorkers #MoneyPayments #Instapay #InstapayTech #Fintech