News & Reviews:   CIMB

CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have announced that they are implementing several measures to strengthen the security of their digital banking platforms. Among the measures is a mandatory call verification process that will go into effect starting today (26 December 2022).

CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have recently announced several new security measures for the CIMB Clicks and CIMB OCTO apps. Aimed at combating fraud and strengthening the security of their digital banking platforms, these measures include compulsory SecureTAC authorisation via the CIMB Clicks App for transactions over RM100.

Following the directive by Bank Negara Malaysia (BNM) to move away from OTP to more secure authentication, CIMB Group has announced that it will cease the use of OTP by the first half of 2023. Instead, the bank will only use its SecureTAC for customers’ online banking authentication moving forward.

CIMB Bank has reminded its customers to update the CIMB Clicks mobile app to the latest version to continue using it smoothly and with uninterrupted services. Announced on its official website, CIMB said that users must update the mobile app before 8 October 2022.

Today, CIMB Bank Berhad and CIMB Islamic Bank Berhad introduced the early release of the CIMB OCTO App. Although it's still in the early stages, CIMB customers can now start using it and provide their feedback before the app’s full release.

As some of you already know, Maybank and Ambank have officially launched their Apple Pay service. But are there any other banks? Well, yes albeit only one at the moment which is Standard Chartered bank. 

Just recently, Alliance Bank made an announcement that the MyDebit Cash Out fee has been revised. Starting from 1 July 2022 onwards, the initial RM0.00 fee will become RM0.50 per cash-out transaction by every MyDebit cardholder.