RHB Bank Hosts The 1st FinTechathon in Malaysia with Startupbootcamp

Fintechathon by RHB and Startupbootcamp
Fintechathon by RHB and Startupbootcamp
Fintechathon by RHB and Startupbootcamp

The Malaysia’s first Financial Technology Hackathon (“FinTechathon”), themed “Wealth Management for Millennials”, was hosted by RHB Bank with Startupbootcamp (SBC) from 13 to 15 May 2016 at RHB Complex, Bandar Baru Bangi, Selangor.

Millenials are born from early 1980s to 2000. Report says 45% of working millennials (age 21-34) are not saving for their retirement. And, by the end of this decade, millennials will represent the largest ‘adult’ group.

Banks and traditional financial advisors are facing a challenge to adapt to the new customer profile. They are looking for digital solutions in wealth management services to let the new generation embrace them.

“The FinTechathon is part of our Digital Strategy, as we seek to tap into the Fintech ecosystem to find solutions that de;liver superior customer experience for our clients.” said Rohan Krishnalingam, RHB Banking Group’s Chief Operation Officer.

FinTechathon challenges

The challenges of the first FinTechathon covered acquisition & retention, big data, and banking relationship, such as:

  • How can technology be used to better attract and tailor wealth management services to millennials.
  • How can big data and analytics be used to strengthen the advisor-client relationship and to predictively offer/customise wealth propositions to advisors?
  • How can technology be used to encourage millennials to save and ultimately grow their wealth without the need for human advisors?

The 19 teams at FinTechathon were provided free Wi-Fi connectivity, food and beverages throughout the event. They were given access to Application program interfaces (APIs) by Thomson Reuters.

The teams are guided by business & tech mentors made up of experienced RHB personnel and leaders among other sponsors and partners of the event.

The 1st FinTechathon has 3 categories winners: Best Overall Innovation, Best Challenge Fit and Best Technical Solution. The total cash prizes of RM15,000 was sponsored by RHB.

RHB Fintechathon Winners
RHB Fintechathon Winners

FinTechathon Winners

Here are the FinTechathon winners:

  • Best Overall Innovation – won by team AgentHero with members Bobby Ong Chong Eu and Lee Teik Ming. The app is designed to teleport a financial advisor to customer’s doorstep.
  • Best Technical Solution – won by team Muin Bot with members Raja Hafify and Jonathan Wong. Muin Bot is an intelligence chat interface that works as another channel for millennials to engage the bank and financial advisors. It is also an avenue for banks to capture or reach millennials.
  • Best Challenge Fit – won by Team A with members Leong Yok Tien, Tan Khai Ping and Chew Chit Siang. The app acts as a goal oriented wealth assistant.

“The FinTechathon presented excellent exposure to new ideas and concepts around wealth management. We are very excited to explore some of the solutions further as we develop our wealth management proposition that will be increasingly digital led,” added Rohan.

Managing Director of Startupbootcamp FinTech Singapore, Steven Tong said “We are very happy with the solutions we saw today. There were ideas that could potentially be a good viable business in innovating areas of wealth management in the future. We will definitely watch out and monitor these talents and hopefully see their applications in our 2017 program!”

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Malaysia’s Best Wireless Broadband: Things You Need To Know

Malaysias Best Wireless Broadband: Things You Need to Know
Malaysias Best Wireless Broadband: Things You Need to Know
Malaysias Best Wireless Broadband: Things You Need to Know

With all the constant competition going on between Malaysia’s broadband providers, it’s hard to tell which one best suits your Internet needs.

Of course, with the multitude of options available for you from various broadband providers, it should be easy for you to get the best plan for yourself.

The question is, how do you identify the perfect wireless broadband plan to match your cyberspace lifestyle? Ask yourself these questions before you commit to a wireless broadband plan:

Does the bandwidth match your Internet usage?

Bandwidth is the maximum capacity of the Internet connection supported by your broadband provider. This is the factor that determines the total capacity of your file upload/download usage, therefore be wise when making your decision when it comes to bandwidth.

While it’s true that greater bandwidth gives you faster more file upload or downloads speed, you need to identify usage speed needs. Committing to a broadband plan with high bandwidth when you don’t really utilise its maximum capacity is wasteful, as you’re basically paying more for what you don’t need.

How large is the coverage area?

Bear in mind that not all areas in Malaysia have broadband coverage and you’ll want to have a wireless broadband plan that: a) has strong coverage at the areas that you frequent and b) has a large coverage area in Malaysia.

You’ll never know when you might need to travel around Malaysia and when you do, you don’t want to miss out on your Internet connection.

Is the price within your budget?

Paying more for a broadband plan that you do not need is not the smartest financial decision, and in light of the current economy, you’ll want to trim off all the excess expenditure wherever possible.

Opt for the plan that is affordable and suitable for your Internet usage. Here are some of the best wireless broadband plans available in the market, according to the most common Internet needs:

For The Light Users – U Mobile MB68 Prepaid

On a budget and don’t really need large Internet quota? Then you’ve found your perfect match. U Mobile MB68 Prepaid comes with 8GB data quota and is affordable, contract-free and device sharing-friendly. You can opt for 21Mbps MiFi modem for RM249 (RM263.94 with GST) that allows multiple devices to share the connection at once, or just choose the USB modem for a single device use for RM135 (RM143.10 with GST).

You can also choose the SIM card only plan if you already have your own modem, or prefer to use your phone or tablet. Don’t worry if you’ve finished your data quota before the end of the month, this plan allows you to top up the quota with its 1GB Booster Plan (valid for 3 days) at only RM10.

Price: RM68 (RM72.08 with GST)

Quota: 8GB (5GB all day, 3GB from 2am – 8am)

Contract: None

Maximum speed: 21Mbps

Fees and charges: One-time payment of RM249 (RM263.94 with GST) for 21Mbps MiFi modem or RM135 (RM143.10 with GST) for USB modem

U Mobile

For The Travelers – Celcom FIRST Basic 85 Internet

It only makes sense for you to get the wireless broadband plan with largest coverage area when you travel a lot within the country, and Celcom doesn’t disappoint on that account. Celcom FIRST Basic 85 Internet offers high-speed 4G LTE network and a large quota of 21GB.

This plan comes with free WiFi at all Celcom WiFi hotspots in Malaysia and a choice between the 4G LTE PortaWiFi 2.0 Modem or 3G PortaWiFi 2.0 Modem. Whichever modem you choose, the plan is priced at RM85 (RM90.10 with GST) and comes with a 12 months contract.

Both modems are capable of supporting 10 devices at once, and the highlight of this plan is that if you don’t utilise all of your data this month, it automatically carry forward up to 7GB of the unused data to the following month.

Price: RM85 (RM90.10 with GST)

Quota: 21GB (7GB all day, 14GB from 2am – 8am)

Contract: 12 months

Maximum speed: 75Mbps (with 4G LTE PortaWiFi 2.0 modem)

Fees and charges: One-time payment of RM233.20 (GST included) for 4G LTE PortaWiFi 2.0 and RM53 (GST included) for 3G PortaWiFi 2.0. There is an activation fee of RM53 for both options, and early contract termination fee of RM350 for 4G LTE PortaWiFi 2.0 and RM150 for 3G PortaWiFi 2.0.

Rebates & offers: RM22 rebate off monthly bill for 10 months with 4G LTE PortaWiFi 2.0 plan and RM5 rebate off monthly bill for 10 months with 3G PortaWiFi 2.0 plan.

Celcom

For The Avid Streamers – Maxis Wireless Broadband 48GB

This beast of a wireless broadband plan comes with a staggering 48GB data quota and high-speed 4G LTE network. Maxis Wireless Broadband 48GB plan offers a free modem, with the option of a LTE Mobile WiFi modem or a 21Mbps MiFi modem. You can opt for the SIM only plan if you have a modem of your own or prefer to connect it straight to your own smartphone of tablet.

Whatever your choice is, the plan is set at a flat rate of RM158 per month (RM167.48 with GST), which is a reasonable price considering all the benefits that you get out of it.

Price: RM158 (RM167.48 with GST)

Quota: 48GB (12GB from 8am – 2am, 36GB from 2am – 8am)

Contract: 12 months

Maximum speed: 150Mbps (with 4G LTE PortaWiFi 2.0 modem)

Fees and charges: There is an advance payment of RM254.40 if you opt for LTE Mobile WiFi modem. The early termination fee for all options is RM200.The activation fees are as follows:

  • RM106 for LTE Mobile WiFi modem
  • RM159 for 21Mbps MiFi modem
  • RM106 for SIM card only plan

Rebates & offers: The rebates are as follows:

  • RM20 rebate off monthly bill for 12 months with LTE Mobile WiFi modem plan
  • RM10 rebate off monthly bill for 5 months with 21Mbps MiFi modem plan
  • RM10 rebate off monthly bill for 12 months with SIM card only plan

Maxis

Optimise your wireless broadband plan and get the one that suits your usage and budget best! If you’re looking for the best wireless broadband deals, visit CompareHero.my and use the free comparison tool to find best broadband plans today.

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IBM Watson to Serve Hong Leong Bank Customers

IBM partners Hong Leong Bank to introduce Cognitive Banking

Soon, you will be talking to IBM Watson at Hong Leong Bank customer service centre.

IBM partners Hong Leong Bank to introduce Cognitive Banking
IBM partners Hong Leong Bank to introduce Cognitive Banking

IBM announced that Hong Leong Bank is the first Malaysian bank and first Malaysia organisation to implement IBM Watson, a cognitive learning system.

In the multi-year programme, IBM Watson would function as an online customer self-service advisor with 24/7 support for credit card holder enquiries, as well as internal service supporting Hong Leong Bank call centre service advisors.

IBM Watson will also help to analyse large volumes of data (research reports, product information, customer profiles, etc), identify connections between customers’ needs and weigh the various financial options available to the customers.

Edward Pinto, Chief Operating Officer for Customer Experience & Analytics, Hong Leong Bank
Edward Pinto, Chief Operating Officer for Customer Experience & Analytics, Hong Leong Bank

“… The IBM Watson technology provides us this advantage by allowing us to understand the context of customer needs and preferences, which will reduce call waiting time and ensure greater consistency and accuracy of information” said Edward Pinto, Chief Operating Officer for Customer Experience & Analytics, Hong Leong Bank.

“Hello, I am Watson”

For Hong Leong Bank customers, it means you will have round-the-clock access via online live chat to information about general credit card term, policies, and procedures, as well as to find the most suitable card to match your lifestyle needs.

Currently, IBM Watson at Hong Leong Bank is in the prototype stage and expected to serve the Bank’s customers in 6 months. In case you are wondering, Watson speaks English only. Sorry, no Bahasa.

Chong Chye Neo, IBM Malaysia Managing Director

Chong Chye Neo, IBM Malaysia Managing Director

“The future bank is knowledge driven and convenes operations and offerings around its customers and their economic choices.” — Chong Chye Neo, IBM Malaysia Managing Director.

IBM Watson is capable of making sense of unstructured data and data processing speed up to 500GB per second. It will answer your enquiries under 3 seconds, in human language.

Watch the following video about how IBM Watson work:

 

For more information, please visit www.hlb.com.my and ibm.com/Watson

vivo Malaysia Launches X5Pro with Phase-Detection AutoFocus

vivo Grand Launch Malaysia 2015
vivo Grand Launch Malaysia 2015
vivo Grand Launch Malaysia 2015

vivo, China’s leading smartphone brand, marked its official entry to the Malaysian market by launching vivo X5Pro at the vivo Grand Launch Malaysia 2015.

With the motto “Dare to push the limit and continue to bring new surprises”, vivo did many industry “firsts”.

vivo first smartphone–vivo X1– was launched in 2012. vivo X3 and vivo X5Max broke the world’s thinnest smartphone record. vivo Xplay 3S is the world’s first 2K screen smartphone in 2013. In 2014, vivo released Xshot smartphone with F1.6 large aperture and optical image stabilization (OIS). vivo X5Pro is the company’s latest smartphone in 2015.

Mr. Alex Feng, Vice President of vivo Global, addressed that vivo has full confidence in the Malaysian market. Since its inception, the brand is committed to pursuit of fun, vibrancy, and appealing to the youth.

vivo started their international strategy in 2014 and has been registered in over 100 countries, including Thailand, India, Myanmar and Indonesia.vivo smartphones started selling in Malaysia since 2014. With the official entry to the Malaysia market, vivo will localize their innovation and position their brand to appeal more towards the fashionable Malaysian youths.

vivo has over 2,000 point of sales, 10 servicce centers and narly 1,000 employees in Malaysia.
vivo has over 2,000 point of sales, 10 servicce centers and narly 1,000 employees in Malaysia.

vivo smartphones started selling in Malaysia since 2014. With the official entry to the Malaysia market, vivo will localize their innovation and position their brand to appeal more towards the fashionable Malaysian youths.

vivo has over 2,000 point of sales, 10 service centers and nearly 1,000 employees in Malaysia. In 2015, vivo Malaysia will continue to increase brand investment. “We are expecting 3000 point of sales and 20 service centers in 2015”, said Mr. Lewis Zhang, CEO of vivo Malaysia.

vivo X5Pro

vivo X5Pro smartphone
vivo X5Pro smartphone

vivo X5Pro — the “Touch By Beauty” smartphone —  is released at vivo Grand Launch Malaysia. The phone features curves that resemble a drop of water has double-sided 2.5D glass and metallic frame design in 6.44mm thin body.

vivo X5Pro PDAF technology
vivo X5Pro PDAF technology

X5Pro 13-megapixel rear camera comes with PDAF (Phase-Detection AutoFocus) technology that simulates human eyes’ positioning principle for faster focusing. The camera’s Smart Beauty Mode can identify multiple facials’ gender and skin quality and touch up accordingly.

New Funtouch OS 2.1 (based on Android 5.0 Lollipop) uses less power and less memory usage. Smart Wake 2.0 allows you to create custom gestures to launch phone apps with a single touch, even from a locked screen.

X5Pro continues to offer Hi-Fi audio experience with its custom AKM AK4375 audio chip.

vivo X5Pro in Malaysia does not have the eye-scanner feature as I mentioned previously. When asked by LiewCF during the press conference, vivo answered that the eye-scanner feature does not work perfectly. It has been removed to ensure good user experience. vivo promised to improve the eye-scanning feature.

vivo X5Pro specifications

  • Processor: Qualcomm Snapdragon 615 Octa-core 1.5GHz
  • Storage: 2GB RAM + 16GB storage (support up to 128GB microSD card using SIM2 slot)
  • Operating system: Funtouch OS 2.1 (Android 5.0 Lollipop)
  • Camera: 13MP F2.0 front camere, 8MP F2.4 back camera
  • Display: 5.2-inch FullHD (1920×1080 pixels) Super AMOLED
  • Connectivity: Dual SIM, 2G/3G/4G, WiFi 802.11b/g/n, Bluetooth, GPS, OTG, microUSB
  • Sensors: accelerometer, light sensor, proximity sensor
  • Dimension: 147.9 x 73.45 x 6.44mm
  • Battery: 2450mAh li-po battery

vivo X5Pro price in Malaysia is RM1,599.

LINK: vivo Malaysia

LINE Dragonica Mobile Online Game Download Starts in June 2015

LINE Dragonica Mobile
LINE Dragonica Mobile press conference
LINE Dragonica Mobile press conference

Asiasoft Corporation Public Company Limited, parent company of CIB, is partnering with LINE Corporation for channeling & distribution LINE Dragonica Mobile in Southeast Asia in June 2015.

LINE Game was started in 2012, now has 44 games available with over 546 million total downloads as of March 31st, 2015.

LINE Dragonica Mobile is Asiasoft’s first channeling game launched in Malaysia through LINE platform. More channeling game titles are coming in next few months.

LINE Dragonica gameplay

LINE Dragonica Mobile is an action based role-playing (ARPG) mobile game with left/right navigation based on the popular PC online game, Dragonica Online. Dragonica Online (Dragon Saga) is a successful online game title in 39 countries and had more than 18 million registered users.

LINE Dragonica Mobile
LINE Dragonica Mobile

Developed by Studio Funnigloo, Dragon Saga – Prelude (or Dragonica Mobile version) was launched in April 2014. It has similar game modes and combat system as the PC version, and all original beautiful graphic and features are successfully transferred into mobile version.

LINE Dragonica Mobile has 6 playable classes: Knight, Gladiator, Wizard, Warlock, Thief, Assassin. Players can take part in Daily mission, Story line,  Quests, PvP, Avatar Costume and others.

The mobile game will be available in 6 Southeast Asia countries: Malaysia, Thailand, Singapore, Vietnam, Indonesia and Philippines.

LINE Dragonica Mobile download available on both iOS AppStore and Google Play Store on 10th June 2015. Register now to receive free special items.