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
YOU MAY ALSO LIKE
TM ONE COLLABORATES WITH PLANMALAYSIA TO ACCELERATE LOCAL SMART CITIES
KUALA LUMPUR, 29 NOVEMBER 2023 – TM One, the enterprise and government sector business solutions arm of TM, has entered into a collaboration with PLANMalaysia to enable local city councils harness smart innovations and create sustainable, efficient, and connected urban communities. The collaboration is the next phase in TM One’s efforts to accelerate the nation’s smart city aspirations and improve urban living across the country. As part of this collaboration, 29 local councils that were awarded as part of the Malaysia Smart City Recognition Programme during World Town Planning Day 2023, will have access to TM One’s Proof of Concept trials (POCs). Spanning a selection from TM One’s smart services suite, the POCs allow councils to test solutions suited to their localities, enabling them to make empowered decisions in their smart city development efforts. Shazurawati Abd Karim, TM One’s Executive Vice President said, “TM One has always been at the forefront of enabling the country’s smart city initiatives, helping councils nationwide push the boundaries of urban living through smart innovations. Among our recent success stories were Smart City projects in Ipoh, Pengerang, Seberang Prai, Kulai, Port Dickson and Subang Jaya, which experienced reduced time in traffic, lower carbon emissions, and improved response efficiency through solutions such as TM One’s Smart Traffic Management and Smart Surveillance.” Building on these successes, TM One will be offering POCs for the following services: 1. Unified Enforcement System – automation and insight analysis of various local council operation enforcement services that help local councils manage larger communities better; 2. Smart City App – a one stop app for local councils’ e-government services; and 3. Smart Workforce – a system that helps local councils manage field teams in real-time. These services will help councils in their journey towards becoming full-fledged smart cities, as well as improve overall efficiency in their operations and services to their communities. “Through these POCs, we aim to help the government implement Smart Services in more locations, bringing these technologies closer to everyday Malaysians and improving their way of life. This reflects TM’s role in powering a digital nation and enabling transformation for communities, businesses and Government,” concluded Shazurawati.
Golden touch investment bank appoints TM One as its preferred digital partner
GTI Bank adopts blockchain technology for enhanced security and efficiency in a bid to provide best-in-class services to its diversified clientele base. TM One to provide cloud hosting, cloud managed services, professional services and cybersecurity solutions to support GTI Bank's BlockChain System. TM One, the enterprise and public sector business solutions arm of Telekom Malaysia Berhad (TM), today signed a Memorandum of Understanding (MoU) with Golden Touch Investment Bank Ltd (GTI Bank), for the appointment of TM One as the preferred digital partner to accelerate the bank's digital transformation. Under this partnership, TM One will be providing cloud hosting and cybersecurity services for GTI Bank to digitalise its service offerings for a better customer experience. The MoU was signed by Tan Sri Lee Kim Yew, Founder of GTI Bank, while signing on behalf of TM One was Ahmad Taufek Omar, Executive Vice President and Chief Executive Officer of TM One. At the signing ceremony, Ahmad Taufek said, "TM One is happy to announce this alliance with GTI Bank and ready to deploy our professional and support services, from migration to maintenance of the end-to-end cloud solution. We have the expertise and capabilities to accelerate the digital transformation journey of our enterprise customers across multiple industry verticals, including banking. Our TM One Cloud α (pronounced as Cloud Alpha) and secure, robust cybersecurity capabilities powered by TM's Global Security Operation Centre (GSOCs) are set to support GTI Bank's BlockChain System. This will enable the bank to deliver a simpler, faster and more convenient banking experience to its end customers." "We understand that it is important for every blockchain users from different countries to be able to access the system without resistance. Our cloud solutions hosted on a high resiliency Data Centre, which is globally certified with Uptime Tier III standards, will minimise system downtime and ensure 24x7 business continuity for GTI Bank. The solutions will meet the bank's need for resilient cloud services and address customer's security, privacy and compliance requirements. This befits our role as the sole Malaysian Cloud Service Provider (CSP) under the MyDIGITAL – Malaysia Digital Economy Blueprint (MyDIGITAL)," added Ahmad Taufek. Meanwhile, Tan Sri Lee said: "The potential of blockchain is enormous as we see more opportunities are emerging from this innovative technology. The world is now embracing digital technology at a pace faster than ever before, particularly in the banking and finance business. We are pleased to have TM as our digital partner as it would provide more confidence to our clients on the security and stability of the system." "The strategic move of GTI Bank is also aligned with the MyDIGITAL Blueprint launched by the Prime Minister YAB Tan Sri Muhyiddin Yassin. We will help to create an effective digital ecosystem by leveraging on the full advantage of blockchain technology to propel the nation towards achieving a digital economy," added Tan Sri Lee. This strategic collaboration combines the strength of both companies to enhance the digital initiatives, focusing on blockchain and platform technologies using cloud services, secured via cybersecurity solutions. For further information on TM One, visit www.tmone.com.my and for more info on GTI Bank, visit www.bankgti.com
TM One and UMW sign Memorandum of Intent to embark on co-development of digital solutions for industries in Malaysia
TM One, the business solutions arm of Telekom Malaysia Berhad (TM) and UMW Corporation Sdn. Bhd. (UMW) today signed a Memorandum of Intent (MoI) on a strategic partnership to develop digital solutions aimed at enhancing and empowering Industrial Revolution 4.0 (IR4.0) requirements for industries in Malaysia, making it more productive, agile and future-ready. The MoI was signed by Badrul Feisal bin Abdul Rahim, President & Group Chief Executive Officer, UMW Holdings Berhad on behalf of UMW Corporation Sdn. Bhd. and Dato' Noor Kamarul Anuar bin Nuruddin, Group Chief Executive Officer, TM representing TM One. Also present to witness the ceremony was Tan Sri Dato' Sri Hamad Kama Piah bin Che Othman, Group Chairman, UMW Holdings Berhad and Rosli bin Man, Chairman, TM. Through this partnership, TM One and UMW will embark on joint research activities to enable the development of a home-grown Industrial IoT (Internet of Things) platform through the integration of UMW's IoT solution on industrial machines with TM One's IoT Software Platform. "This strategic partnership allows both organisations to further accelerate the implementation of IR4.0. We are now in the era where complementing technological capabilities can help propel businesses to greater heights. UMW is steadfast in its goals to embark on the development of next generation IR4.0 with IoT-enabled industrial solutions. By leveraging on each other's expertise in IoT, we are able to provide innovative products and services to our customers", said Badrul Feisal on the partnership. Meanwhile, Dato' Noor Kamarul said: "With our solid network infrastructure and digital solutions, TM is ready to assist companies like UMW into Industrial Revolution 4.0 (IR4.0). We are proud to be a strategic partner in establishing innovative, smart and end-to-end digital solutions via TM One IoT Software Platform together with UMW for the industry. We believe this partnership will help address the pain points and empower the industry players to optimise their efficiency. As the country's key enabler for communications and digital infrastructure, we are committed to deliver integrated business solutions that will fulfil the customers' needs towards empowering Digital Malaysia." UMW and TM One will co-develop an IoT-based digital solutions using respective expertise of the partners; UMW in mechanical machines, IoT sensors and control systems and TM One with its IoT software and analytics. These solutions will be made accessible via the platform's dashboard for UMW's IoT-enabled equipment and machineries such as generators, compressors, pumps, turbines and others which will benefit multiple industries such as Energy and Utilities, Transportation, Real Estate, Commercial and Public Sectors amongst others. The eventual combined UMW-TM IoT solution will provide remote access to machines through real-time monitoring and management system as well as optimise asset management including fleet management, energy management, utilisation and disaster management. Through this collaboration, both parties will leverage on each other's strengths to create greater value and support the growth of Malaysia's technological capabilities.
NEWSLETTER
Just drop your details and stay updated with the world of Telekom Malaysia. We promise – no spam!