16 Feb 2021

TM One securing trust in digital transactions via blockchain technology for Indonesian market

TM One securing trust in digital transactions via blockchain technology for Indonesian market Article Header
TM One
  • ​​​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

30 Mar 2023
TM’S NEW FIBRE OPTIC NETWORK HUB (POINT OF PRESENCE) BRINGS FASTER, MORE RELIABLE INTERNET CONNECTIVITY TO RURAL AND REMOTE AREAS

Telekom Malaysia Berhad (TM) has today announced the completion of its new fibre optic network hub or point of presence (PoP) project phase one (1) installations, across northern region, Sabah and Sarawak. The launch ceremony, which was officiated by YB Fahmi Fadzil, Minister of Communications and Digital, took place at SMK Padang Terap, Kuala Nerang, Kedah. Also present were Dato’ Haji Pkharuddin Bin Haji Ghazali, Director-General of Education and Dato’ Sri Haji Mohammad Bin Mentek, Secretary-General, Ministry of Communications and Digital.     PoP is a place where different devices connect to each other and to the internet. In simple terms, PoP brings fibre closer to users. By setting up PoP locations near schools, people in rural and remote areas can get better and faster internet services in their homes, instead of relying on mobile internet. This will improve internet access and connectivity for more people in the community.   During the ceremony, YB Fahmi highlighted the significant benefits and opportunities that the new PoPs would bring. The new PoPs represent a major step forward in the Government's efforts to narrow the digital gap and promote digital inclusion across Malaysia.   A total of 4,370 PoPs had been planned under the 12th Malaysia Plan (12MP) where 4,323 PoPs will be installed near rural schools and 47 PoPs near industrial area. Phase one (1) of the project, involves 677 sites and the remaining will be implemented under phase two (2) over the span of three (3) years, 2022-2025. A total of 233 PoP circuits were installed under phase 1, with 100% completion achieved by TM, ahead of other industry players.   “We are thrilled to see the progress and achievements of this project, which will bring significant benefits and opportunities to the community, including improved internet quality, economic development and the development of new infrastructures,” said Shazurawati Abdul Karim, Executive Vice President of TM One.   PoP will create a more balanced and inclusive regional development, boosting the growth of new technologies like 5G and future generations of communication technologies. Through this initiative, users in TM's PoP area have now reached over 9,000 and are increasing. A total of 58 of its users are schools that have subscribed to Unifi services. The widespread internet accessibility will not only help to develop the rural economy but more importantly allow learning materials to be downloaded, to improve the quality of education in schools, equipping the future generations with a wealth of knowledge.   “As the nation's telecommunications leader, and enabler of Digital Malaysia, TM is committed to support the nation's development agenda through the benefits brought by hyperconnectivity and digital solutions, which will accelerate digital adoption and new economic growth,” added Shazurawati.   “The presence of PoP can attract technology companies, start-ups and other businesses that require a high-speed internet connection to operate. This can create more job opportunities, increase innovation, and stimulate economic growth in local communities,” concluded Shazurawati.   The collaboration between TM and the Government demonstrates the shared commitment to deliver digital inclusivity throughout Malaysia. For phase two (2) of PoP project, TM has been awarded with 174 sites in the central region. This phase is expected to further boost digital connectivity and economic development for Malaysia.

17 Feb 2021
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

03 Oct 2019
OUM and TM One sign Memorandum of Understanding to establish hyperconnected digital ecosystem

TM One Hyperconnected Ecosystem provides end-to-end digital solutions that enable Education 4.0 for Malaysian higher learning institutions ​TM One, the enterprise and public sector business solutions arm of Telekom Malaysia Berhad (TM), today inked a Memorandum of Understanding (MoU) with Open University Malaysia (OUM) to establish a digital transformation journey for the university’s campus in Kuala Lumpur. The agreement was signed by Ahmad Taufek Omar, Executive Vice President/Chief Executive Officer, TM One and Prof. Dato’ Dr Mansor Fadzil, President/Vice-Chancellor, OUM. The MoU is aimed at delivering and implementing four (4) clusters of digital transformation initiatives for OUM encompassing mobile connectivity via unifi Mobile packages for students and administration staff; smart services solution - Smart Campus Management, scalable ICT solutions via TM cloud services; and TM One Collaboration tools for unified communication Solutions for OUM administration and its students. Speaking at the event, Ahmad Taufek said, “This MoU marks the beginning of a synergy between TM One and OUM for more future collaborations. The potential areas may encompass beyond the four clusters to help create greater value for OUM to remain competitive in the education industry. The solutions will enable OUM to optimise its operational costs and improve its energy efficiency. We hope these smart solutions will also encourage more engagement and interactions between the OUM campus community, whilst providing enhanced students’ and visitors’ experience at OUM. Our Hyperconnected Ecosystem offers advanced digital solutions for educational institutions in Malaysia to embark on their digital transformation. As an enabler of Malaysia’s Digital Nation aspirations, TM through TM One, will continue to play an active role in nation building, particularly in the education sector.” Meanwhile, Prof Dato’ Dr Mansor said, “This collaboration will provide many advantages, especially for learners and staff in our 33 Learning Centres nationwide. Because a significant portion of learning takes place online, the unifi MobileTM plans offered at such competitive rates will make it easy for learners to access their course materials, interact with facilitators and peers as well as keep track of their studies via the learning management system, myINSPIRE, without needing to worry about WiFi availability, no matter where they may be.” Through this collaboration, TM One will be offering unifi Mobile corporate package for OUM employees and students at RM59 per month.   For more information on TM One and its products and service offerings, visit www.tmone.com.my​.  

NEWSLETTER

Just drop your details and stay updated with the world of Telekom Malaysia. We promise – no spam!​