16 Feb 2021
TM One securing trust in digital transactions via blockchain technology for Indonesian market
- PT VADS Indonesia to become the sole distributor of FNSV Blockchain Secure Authentication (BSA) products and solutions for the Indonesian market.
- The strategic partnership affirms TM One's commitment and readiness to take the digital transformation of enterprise and public sector forward for Malaysia and Indonesia.
TM One, the enterprise and public sector business solutions arm of Telekom Malaysia Berhad (TM), together with PT VADS Indonesia, a wholly subsidiary company of TM ONE, recently inked a business agreement with FNS Value Co., Limited (FNSV) from Korea, to appoint PT VADS as the sole distributor of Blockchain Secure Authentication (BSA) solution for the Indonesian market.
The signing ceremony was conducted virtually and the documents were signed using TM One Digital Signature Solution (TMODS). It is a certified online signing platform, compliant to Malaysian Communications and Multimedia Commission (MCMC) Digital Signature Act 1997, making the document legally-binding and recognised by Malaysian court of law.
Signing on behalf TM One was Ahmad Taufek Omar, Executive Vice President and Chief Executive Officer of TM One and PT VADS was represented by Saravanan Belusami, Chief Executive Officer of PT VADS while FNSV was represented by JEON Seung Ju, its Chief Executive Officer.
Commenting on the partnership, Ahmad Taufek said, “This is a significant partnership for our subsidiary PT VADS as we further make our stamp in providing advanced managed security services to our customers in Indonesia. We believe that BSA solution is the answer to security issues of digital transactions. This is very essential as almost all transactions are done digitally in the current business environment and users are looking for more secured and advanced login method. By using BSA, consumers will no longer have to remember their passwords to perform transactions on any devices. It also solves other cybersecurity concerns such as credential attack and hijack. Currently, biometrics in most mobile apps only allow users to perform simple functions such as checking their account balance but not for transaction approval. This will definitely pave the way for more digital lifestyle and businesses.”
“With this agreement in place, we look forward to deliver more secured solutions not only to our customers in the Malaysian and Indonesian markets, but to other ASEAN markets as well. TM One will continue to innovate our solutions offerings to facilitate our customers’ digital needs in their digital transformation journey. This fits well into TM Group’s role as the enabler of Digital Malaysia’s aspirations,” he added.
Meanwhile, Mr. JEON Seung Ju, noted that, “We are excited to be working with TM One and PT VADS to bring the future of blockchain-based passwordless authentication to Indonesia.”
As one of the most disruptive technologies across industries, BSA is a passwordless authentication solution powered by blockchain verification technology that is impossible to penetrate. This will benefit all businesses and industries that require strong and trusted authentication services for web, mobile login and secure access for online-based transactions, especially for Internet of Things (IoT) and Smart Services. Registration of new students for private schools or universities, applying for bank loans and cash withdrawal from government agencies, amongst others, are made easier and secured with BSA solutions.
Through this agreement, TM One, PT VADS, and FNSV will work together in providing BSA solutions, to increase security, reduce operational cost and improve customer experience, for the Indonesian and Malaysian markets.
TM One was appointed as the sole distributor of FNSV’s BSA products and solutions for Malaysia and as the strategic partner for ASEAN region last year. FNSV offers the world’s first patented solution based on blockchain technology that does not require a password for authentication, simple to use, extremely secure and almost impenetrable solution that represents the next step in securing online businesses.
For more information about TM One’s BSA solutions, visit https://www.tmone.com.my
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Bank Islam appoints TM One as digital partner to accelerate its digital transformation
Bank Islam aims to become Malaysia's leading bank for social finance and digital Islamic bank of choice by 2021 TM One's digital solutions and professional services optimises business operations to realise Bank Islam's transformational strategy Comprehensive digital solutions such as data centre and Cloud α (Alpha) services, big data analytics and cyber-security solutions set to enhance Bank Islam's IT infrastructure and Centre for Digital Experience (CDX) digital banking products Telekom Malaysia Berhad (TM) via its enterprise and public sector business solutions arm, TM One, today signed a Memorandum of Understanding (MoU) with Bank Islam Malaysia Berhad (Bank Islam), for the appointment of TM One as the preferred digital partner in realising Bank Islam’s transformational strategy. The MoU was signed by Mohamed Iran Moriff Mohd Shariff, Chief Operating Officer of Bank Islam and Ahmad Taufek Omar, Executive Vice President and Chief Executive Officer of TM One. Commenting on the collaboration, Ahmad Taufek said, “We are honoured to be given the opportunity to extend our digital expertise to Bank Islam. We are fully aware that digital transformation, data security and protection are the top priority, especially for the banking sector. This provides the best digital experience to their customers, particularly in these times where digital transactions are increasing exponentially. With this agreement in place, we can provide Bank Islam with the latest and secured digital solutions and infrastructure to support its transformation journey. Solutions such as cloud, cybersecurity and big data analytics will drive Bank Islam’s process optimisation, enabling omni-channel and data monetisation agenda, leading to cost optimisation and productivity uplift.” “At TM One, we aim to take transformation forward for our enterprise and public sector customers, such as Bank Islam in realising their digital aspiration. This befits our role as part of TM Group, as the enabler of Digital Malaysia,” he added. Chief Executive Officer of Bank Islam, Mohd Muazzam Mohamed said, “As Bank Islam is embarking on a new endeavour by becoming Malaysia’s First Public Listed Islamic Bank, we are taking steps in pursuing the latest technological advancements in facilitating the affairs of the institution with our stakeholders. The partnership with Malaysia’s leading integrated telecommunication company such as TM will complement the Bank’s effort to constantly improve our functions and the services we provide to the customers, thus further fulfilling market’s need and expectations. This effort will then catalyse the growth of the Bank and the Islamic banking industry as a whole.” He adds, “We are very excited and look forward to a meaningful partnership with TM, via TM One as digitalisation will enable core infrastructure that will support Bank Islam’s key strategic pillars of Sustainable Prosperity, Value-based Culture, Community Empowerment, Customer Centricity, Real Economy as we move forward.” The collaboration between both parties is aimed at further exploring TM One’s role in becoming the primary digital solutions provider to Bank Islam for digital infrastructures such as data centre and Cloud α (Alpha) services, as well as big data analytics and cyber-security solutions. These solutions will intensify Bank Islam’s IT infrastructure and Centre for Digital Experience (CDX) digital banking products, by allowing new buying experience, away from the traditional banking approach. This partnership combines the strength of both companies that will pave the way to accelerate Bank Islam’s transformational strategy. For further information on TM One, visit www.tmone.com.my and for more info on Bank Islam visit www.bankislam.com
TM ONE NAMED FROST & SULLIVAN MALAYSIAN CYBERSECURTY SERVICES COMPANY OF THE YEAR
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TM One LEAP Summit 2022 poised to advance next-gen enterprise transformation with world-class innovators
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He also explained that in order to keep up with these new trends, enterprises must fast-track their transformation to virtualised cloud-based services, leverage digital networks to modernise legacy processes, accelerate workflow efficiency, and strengthen cybersecurity. This will improve business offerings and overall customer experience, leading to increased growth and profitability. Kicking off LEAP Summit 2022 was Netflix’s Co-Founding Executive, Mitch Lowe, who emphasised the need for being brave in order to become a leader of the industry and to remain relevant. Having grown with the entertainment industry from video stores and DVD kiosks, to founding one of the most successful over the top (OTT) content services, Lowe shared that the habit of transformation is built by constantly looking to solve the problems faced by the customers and the industry. Building on this need for organisations to constantly evolve, the event then featured a panel session with Paul Nicholls, Telstra Purple’s Digital Transformation Practice Leader with Telstra’s global partners Airspeeder (the F1 for Electric Flying Vehicle) and Bata Global (world's largest shoe manufacturer), which was moderated by Ching-Fong (CF) Ong, Managing Director & Senior Partner from Boston Consulting Group; who deep dove into real examples of transformation, spanning multiple technologies and geographies, which centres around customers. Bringing the conversation closer to home, industry leaders Datuk Hj Bacho Pilong, Senior Vice President, Project Delivery & Technology, PETRONAS; Fabian Bigar, Chief Executive Officer, MyDIGITAL; Effendy Shahul Hamid, Chief Executive Officer, CIMB Digital Assets; Ir. 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