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A former investment bank chief executive has pleaded not guilty to charges of fraudulently obtaining RM139.8 million destined for a private university management company. The case raises fresh concerns about governance and accountability in Malaysia's financial sector.
Prime Minister Anwar Ibrahim has commended Maybank's evolution into one of Asia's most significant banking operations, underlining Malaysia's strengthened position in the regional financial landscape.
Malaysian banks and development financial institutions are increasingly deploying artificial intelligence across operations, yet only a quarter trust AI outputs for major business decisions, according to a new AICB report highlighting governance and skills gaps.
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Malaysia's banking sector must prioritize trust and governance over rapid AI adoption, the Asian Institute of Chartered Bankers said, with only 25% of bankers confident enough to use AI outputs for major business decisions despite widespread deployment.