PETALING JAYA: Maybank2u users are now only able to reset their passwords through the MAE mobile app, following a change that took effect on Sept 18, with the bank citing greater security for the change. The new password reset process will only apply to those with an Individual or Sole Proprietary account with the bank, with M2UBiz...
PUTRAJAYA: Six more individuals, including current and former banking officers, have been remanded for five days to assist in investigations into a corruption case involving the processing and approval of personal loan applications submitted by a financial consultancy firm. The Malaysian Anti-Corruption Commission (MACC) said that the remand order against four men and two women was...
PUBLIC Bank’s second run of the year - Run For Change 2024 Penang Edition, returned bigger and better with more than 2,300 participants taking part in the event held at Padang Kota Lama, Penang. The event, held in Penang for the first time, was aimed at being the symbol of the perfect synergy between fitness and...
KUALA LUMPUR: Bank Negara’s international reserves totalled US$115.9bil as of Aug 15, up 1.05% from US$114.7bil as of July 31. “The reserves position is sufficient to finance 5.4 months of imports of goods and services, and is 1.0 times of the total short-term external debt,” the central bank said in a statement. The main components of the...
PETALING JAYA: Grab says it will start charging a 1% fee on credit card reloads to its GrabPay Wallet starting from Sept 11 onwards. According to an infographic on the Grab website, reloads via other payment methods, including bank transfers, debit cards, and GX Bank, a joint venture between Grab, Singtel, and other Malaysian investors, remain free. Customers should...
KUALA LUMPUR: CIMB Group Holdings Bhd has appointed Tengku Datuk Seri Azmil Zahruddin Raja Abdul Aziz as a non-independent non-executive director effective July 1, 2024. Tengku Azmil, 54, is currently the chairman of CelcomDigi Bhd. He also sits on the board of Sime Darby Bhd. CIMB said Tengku Azmil was previously the chief investment officer and deputy...
Russia’s central bank and Rosfinmonitoring pilot a new system to trace connections between crypto transactions and fiat operations. The Bank of Russia alongside Rosfinmonitoring, the country’s main body for financial intelligence, is working on a platform to detect connections between fiat operations and crypto transactions amid efforts to evaluate the size of the local crypto market. According to a report from...
Barclays, HSBC, and Citi, among other U.K. financial institutions, are embarking on a joint venture to pilot tokenized deposits. A group of British banks, including Barclays and Citigroup, is working on a new pilot of tokenized deposits aimed at enhancing the tracking of banking payments. In a press release on Apr. 15, the British trade association UK Finance revealed that...
Floki’s roadmap reveals plans for launching digital banking accounts that can be topped up with FLOKI tokens. The accounts aim to allow transactions in major currencies such as dollars, euros, and sterling. Floki will introduce debit cards and staking services as a critical component of its expansion, marking its transition from a meme coin to a comprehensive cryptocurrency...
A client of Malaysia’s biggest bank recently discovered that her bank balance had mysteriously increased to more than RM400mil. When Hafidzah Abdullah checked her account late last month it showed she was over RM404mil in credit. It would have been a huge windfall, especially in a country where the average household takes home around US$22,000 (RM102,993)...
