MITTA, MOTAC Step Up Efforts To Curb Illegal Tourism Operators

KUALA LUMPUR, Dec 16 (Bernama) — The Malaysian Indian Tour and Travel Association (MITTA) and the Ministry of Tourism, Arts and Culture (MOTAC) are stepping up efforts to curb illegal and unlicensed tourism operators amid a rise in such activities.

Banks Roll Out Flood Relief Assistance For Affected Customers

KUALA LUMPUR, Nov 27 (Bernama) -- Banks are offering a range of flood-relief assistance, including deferment of loan or financing instalments to provide temporary financial relief and special financing facilities to assist customers in repairing and restoring their homes and businesses.

BNM Strengthens Digital Security System, Tackles Financial Scams Through NSRC

GEORGE TOWN, Nov 16 (Bernama) -- Bank Negara Malaysia (BNM), together with enforcement agencies, will continue to strengthen the digital security system and expedite action through the National Scam Response Centre (NSRC) to ensure that financial fraud can be combated.

Malaysia's Economy Remains Stable, Resilient - Governor

GEORGE TOWN, Nov 15 (Bernama) -- Malaysia’s economy remains stable and resilient despite various global challenges, according to Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.

AICB Urges Stronger Cross-border Collaboration To Combat Rising Financial Crime Rates

KUALA LUMPUR, Nov 5 (Bernama) -- Rising financial crime rates underscore the urgent need for closer cross-border and ecosystem-wide collaboration to tackle the growing threat, said the Asian Institute of Chartered Bankers (AICB).

Digital Policy Alignment Crucial To Unlock Next Phase Of ASEAN-S. Korea Growth 

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 22 (Bernama) -- Closer policy alignment between ASEAN and South Korea is key to unlocking the next phase of digital-driven growth in Southeast Asia and foster mutually beneficial economic linkages, a technology research expert said.

Mavenir, e& UAE To Deploy AI-Powered Voice Fraud Protection Solution

KUALA LUMPUR, Oct 14 (Bernama) -- Mavenir, a cloud-native network software provider, has announced a collaboration with e& UAE, the telecom arm of global technology group e&, to deploy an artificial intelligence (AI)-powered, containerised spam, scam and fraud protection solution across e& UAE’s voice network.

Govt Wants More People To Benefit From Economic Growth, Financial Literacy, Not Just The Elite - PM Anwar

KUALA LUMPUR, Oct 3 (Bernama) --  Prime Minister Datuk Seri Anwar Ibrahim has emphasised that the government wants more Malaysians to benefit from economic growth and financial literacy, not just a small segment of society, particularly the elite.

Malaysia's New NS2.0 To Take Sharper Approach Addressing Current Realities, Preparing Future Needs -- BNM

KUALA LUMPUR, Oct 2 (Bernama) -- Malaysia's new National Strategy for Financial Literacy (NS2.0) will take a sharper, more inclusive and action-oriented approach to address today’s realities while preparing for future needs.

Telcos Launch Federated Number Verification API For Banks, Online Retailers To Combat Fraud

KUALA LUMPUR, Sept 23 (Bernama) -- CelcomDigi Bhd, Maxis Bhd, U Mobile Sdn Bhd, Telekom Malaysia Bhd (TM) and YTL Communications Sdn Bhd today announced plans to provide banks and online retailers with federated access to the Number Verification application programming interface (API) to combat fraud and digital identity theft.

AI-Enhanced Scam Risks Escalate, Key Sectors Urged To Boost Defences – Fortinet

By Anas Abu Hassan

KUALA LUMPUR, Sept 16 (Bernama) -- Artificial intelligence (AI)-generated scams are fast emerging as a significant cybersecurity threat in Malaysia, with financial institutions, government agencies, small and medium-sized enterprises (SMEs), and retail sectors among the most exposed, according to cybersecurity firm Fortinet.

PayNet Explores Federated AI Model To Bolster Fraud Detection In Digital Payments

KUALA LUMPUR, Sept 8 (Bernama) -- Payments Network Malaysia Sdn Bhd (PayNet) is exploring the development of a federated artificial intelligence (AI) model, tentatively called FinancialGPT, to enhance fraud detection and strengthen security in digital payments.