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September 27, 2017

Malaysian bank to finalize e-KYC standards

Bank Negara Malaysia (BNM) has announced that by October 2017, standards for the electronic Know-Your-Customer (e-KYC) are expected to be finalized.   BNM will be issuing proposed regulatory parameters for the conduct of e-KYC processes for remittance transactions. Thus, the existing requirements for face-to-face verifications for onboarding new customers would be removed for companies that received…

Google signs agreement to purchase HTC’s Pixel team for US$1.1 billion

It looks like the rumors were indeed true: Google has signed an agreement with HTC to acquire a part of the Taiwanese company’s mobile division – specifically the team behind the Google Pixel and Pixel XL – for a tidy sum of US$1.1 billion (~RM4.62 billion).   HTC yesterday halted trading of its shares on the Taiwanese…