OCBC Bank rolls out biometric authentication app in Malaysia

OCBC Bank, Malaysia-based,  has launched a pioneering business banking mobile app (app), which uses biometric authentication. The app, featuring OCBC OneTouch, leverages on Apples Touch ID technology, allowing Malaysian-registered users of the bank’ s Internet portal called [email protected], to conduct transactions using biometrics.   The Business Mobile Banking app enables iPhone users to perform numerous…

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…

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