News & Reviews:   Banking

Finally, after some time, Ryt Bank has officially announced the launch of Ryt Invest. It is a new investment platform built directly into its banking app that allows Malaysians to move between saving, spending and investing without leaving the ecosystem. The company says the new service is designed to simplify investing and make professionally managed funds more accessible to everyday users.

It was only yesterday when we reported that Maybank is planning a new mobile app, which could replace the MAE app. And as predicted, it was met with a negative reception, citing the hassle of transitioning to another platform. Thankfully, Maybank clarified that it does not plan to replace its existing MAE mobile banking app, reversing earlier speculation about the introduction of a completely new platform

You read that right, Maybank is preparing to roll out a new retail banking mobile application as part of its broader ROAR30 five-year strategy. Not only that, it may potentially replace its current MAE app that millions of Malaysians use for digital banking and lifestyle features.

Malaysia’s banking industry is stepping up its cybersecurity messaging, as member banks of the Association of Banks in Malaysia (ABM) and the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) jointly urge customers to keep their web browsers and mobile devices fully updated. The move comes amid rising online scams and malware threats that increasingly exploit outdated software and unsupported operating systems.

After its debut two years ago, GXBank is celebrating its second anniversary with a clear reaffirmation of its founding mission: to make banking in Malaysia more accessible, inclusive and empowering. CEO Kaushik Chowdhury (KC) said the bank set out to revolutionise the industry, and is now demonstrating the real-world impact of a purpose-led, technology-first approach.

If you have a Public Bank account, this news might catch your interest. Recently, Public Bank announced it will launch a new webpage for the PBe site. That said, what should you know about it?

Maybank has extended their Kill Switch service to also include Credit and Charge cards on top of your existing MAE account and access. As before, you can access the Kill Switch feature via the “…” symbol in the MAE app or go to Settings > Security > Kill Switch on the site.

Artificial humans could be a thing of the future, as Samsung demonstrated at this year's Consumer Electronics Show (CES). With 2021, the company will be bringing back its NEON artificial human tech to CES 2021. This time, Samsung will be showcasing how the technology will work in banks.

For many Malaysians, especially us urban dwellers, our phones have become an intricate part of our lives. We want to have more and more things in control of our hands, and that includes banking and saving.

Unfortunately, some mobile banking apps are not that convenient because they don't provide the functionalities that users want. Most banks also lack plans that deliver flexibility, especially in terms of investments. Either you spend a lot but earn little from savings, or save as much as you can for more investment returns. Due to the lack of these relevant features in their mobile app, you might also have to visit the bank in person, just to make changes to your investments.

But what if you could have your cake and eat it too? With FRANK by OCBC and the OCBC Malaysia Mobile Banking app, you get quite a bit of both. Read on to find out more.

The Maybank Grab Mastercard Platinum Credit Card has been officially unveiled where you can earn up to 5 times more rewards, which you can apply starting from today onwards at any Maybank branch in Malaysia. Furthermore, if you were to apply for the aforementioned credit card online before 30 September, you’ll be eligible for an Edifier TWS1 True Wireless Earbuds if you spend a minimum of RM300 within 45 days of the credit card approval date.