“This is the first industry-wide electronic bank confirmation platform that is being run on a commercial basis in Malaysia,” the company said. “eConfirm.my is targeted to be used by all the registered auditors with MIA and banks operating in Malaysia including all commercial banks, Islamic banks, investment banks and development financial institutions. “Currently, there are 1291 registered audit firms who are registered with MIA. AppAsia expects most audit firms to sign up eventually, as the eConfirm platform is secure, time efficient and easy to use.” the company said. The company hopes to position itself this year as the premier information technology company that sets fresh standards in Malaysia and abroad.

Source: The Edge Markets July 27, 2020 14:15 UTC