Risk Management
SAS Malaysia’s new software revenue up 32% in 2015
SAS Malaysia said it recorded a 32% growth in new software revenue in 2015 and a total operating revenue of RM73 million, with RM54 million revenue from software sales.
APAC businesses expect fraud to increase in next 5yrs
59% of firms in Asia Pacific expect fraud to increase in the next five years, according to The Economics of Fraud: Mitigating Risk Amidst Fast Growth and Innovation report from Experian.
SC invites public feedback on cybersecurity risk resilience
Securities Commission Malaysia has published a consultation paper seeking public feedback on the proposed regulatory framework relating to the management of cybersecurity risk by capital market participants.
Indonesian chemical giant Crystal opts for TrustSphere solutions
Indonesian chemical company PT Crystal Anugerah Abadi has deployed Singapore-headquartered TrustSphere’s ‘relationship analytics’ solutions on top of its IBM Domino email platform. Financial terms were not disclosed.
SAS reports 29% revenue growth in Malaysia, driven by BDA
Increased demand for big data analytics and data visualisation amongst Malaysian businesses in 2014 were among the top drivers for SAS’ revenue growth in Malaysia, the company said in a statement.
Core banking solutions: Banks looking at vendors’ R&D
Banks in Asia Pacific are increasingly looking at the research and development budgets being spent by vendors on future solutions, according to IDC Financial Insights.
Malaysian credit reporting agency CTOS taps Fico technology
Predictive analytics and decision management software company Fico said that the largest private credit reporting agency in Malaysia, CTOS Data Systems Sdn Bhd, will offer Fico Scores to all its clients beginning early 2015.
CA’s new Risk Analytics helps card issuers combat fraud
CA Technologies said its new release of CA Risk Analytics includes intelligent, self-learning authentication technologies that help reduce friction for consumers during online checkout, and also allow card issuers to reduce incidents of fraud, increase revenue, and gain new levels of flexibility and control in their fraud detection systems.
Financial industry’s investments in risk management growing: IDC
The global financial industry will spend US$6.57 billion on software and IT services for credit risk management in 2014, representing 17.9% of the total investments on all risk management software and services spending, according to IDC Financial Insights.
Cybersecurity Malaysia transfers data expertise from South Korea
CyberSecurity Malaysia (CSM), an agency under Ministry of Science, Technology and Innovation (MOSTI), recently partnered with Myung Information Technologies of South Korea (MIT Korea) and Myung Inovasi Terkini Sdn Bhd (Myung Malaysia) in the field of data recovery technology for its MyCyberSecurity Clinic.
