Software company’s products gain traction in financial institutions

The rise o f A.I.: A data centre manager walking through a server room. More local banks are turning to technology in more aspects of their operations. - AFPpic

During the 1997 Asian Financial Crisis, the first signs of the crisis were large capital outflows from Malaysia in the first quarter of the year.

Spending in the highly leveraged corporate sector collapsed, while the negative outlook curtailed consumption. Trade plummeted and banks soon found their clients in the export sector having trouble servicing their debt.