UOB Malaysia to migrate customers to secure digital token by June 2023

KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) is committed to fully migrate its customers to using UOB Mighty Secure by June 2023, in line with Bank Negara’s guidance for banks to migrate to more secure authentication methods.

With this migration, UOB said customers would utilise their digital tokens to authenticate certain transactions on UOB personal internet banking (PIB) site and UOB Mighty app, including fund transfers, payments and changes to personal information and account settings.

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“As we continue to invest in our digital capabilities and online platforms, UOB Mighty Secure provides our customers with an easy, convenient and secure way to authenticate transactions on our digital banking platforms.

“We will continue to enhance our security features to enable customers to transact securely online and protect them against financial scams,” chief executive officer Ng Wei Wei said in a statement.

According to UOB, all banking transactions of RM10,000 and above performed via UOB’s website and UOB Mighty app must be authenticated with UOB Mighty Secure.

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