CEO Today Global Awards

77 www.ceotodaymagazine.com CEO Today Global Awards 2019 malaysia WONG KAI CHEONG CEO of InsiteMY ABOUT WONG KAI CHEONG Wong Kai Cheong(KC) is a Malaysian software entrepreneur. He graduated in Tunku Abdul Rahman College with a Diploma in Electronic Engineering (Honors) and a Professional Electrical Engineer degree from Engineering Council , United Kingdom. In 1985, KC Wong started his career as a Electronic Engineer and slowly work his way up the management ladder. After 15 years he was made a General Manager, subsequently at the age of 40 started his own company. KC started InsiteMY in the year 2000, which provide software solutions to Malaysia finance industry. Under the leading of KC, InsiteMY has grown from one company to 3 companies in Malaysia and a branch in Philippines. His expertise in banking has made him a expert and consultant in Banking payment services esp in cheque truncation, RTGS, online debit and credit payments. In the year 2018, KC founded OrangeFIN Asia which primary focus on researching and developing Robotics Process Automation (RPA) and Artificial Intelligence (AI) product and services for the financial industry. We are the First in the world to develop AI in clearing financial transactions. Products INReport is a Unified Intelligent Reporting Platform or Web-Based Middleware that provide the facility to generate reports by integrating / interface with source system. It can extract data from source systems, massage, and merge with required business rules and reporting logic, and transform it into the desired report format. INReport maintains a set of local databases which resides in the INReport Server to store additional information and any process related data. Usually, the data stored is treated as data repository or data mart which is business level specific to reporting requirement. INReport scheduled ETL process to populate data marts within the subject specific reporting information. Data mart design is specifically for the needs of its users, thus it accelerates business processes. INReport provides user friendly, Web EXCEL screen whereby user is able to view, maintain and download reports for submission. INCHEQS is a complete system for cheque clearing for Clearing House and its participants. The INCHEQS CTS is a cheque truncation system for Clearing Houses to convert physical movement of cheques to an Image based - Automated Clearing House (ACH). INCHEQS also caters for the clearing requirement of participating banks such as Outward Clearing System (INCHEQS OCS) for Collecting banks and Inward Clearing System (INCHEQS ICS) for Paying banks. Besides the clearing system, INCHEQS also provides a centralised Signature Database System (SDS) to act as a central repository of the banks/FI signatures database. This is for storage and retrieval of customers signature for Current/Saving Accounts, Credit Card, LOANS, Safe Deposit Boxes and etc. Signatures can be separated into Accounts or CIF Based retrieval. Cheque Fraud mitigation is provided by the INCHEQS Positive Pay System (PPS) and INCHEQS Automatic Technical Verification (INCHEQS ATV). INCHEQS PPS keeps a permanent database of all cheque issued by the Bank and it customers. Any cheque that comes in for clearing are checked against this database for possible fraud, post-dated, paid status or cheque already stale. INCHEQS ATV provides a robotic function to check the cheque image CALA matching, Payee Validation, cheque date verifications, signature verifications (future) and UV fraud detection. INCHEQS is already supported in the following countries: Malaysia, Singapore, Thailand, Philippines, Bangladesh, India, Pakistan and coming to your country. INCHEQS is entirely web-based and can thus be deployed over multiple branches, allowing for cost effectiveness, ease of deployment, training, and flexible workflow INGateway is a web-based middleware that is capable to support the Straight Through Processing (STP) of all types of Payment transactions. It supports multiple hosts (Silverlake, Equation, Misys, Temenos, TCS, Bank*Trade, MUREX, etc) to multiple payment gateways (SWIFT, RTGS, IBFT, NACHA, etc) compliant to ISO20022 standards. Enables Central Bank RTGS host to be STP enable and fast track to conform to SWIFT ISO20022 standards. INGateway in conjunction with NTT Data RTGS system is the latest product for Central Bank. INGateway support all integrations methods i.e. IBM Websphere MQ Series, JAVA API, C API, Web Services SOAP, Database transfer, FTP, etc. Robotic ProcessAutomation (RPA) is using software with artificial intelligence (AI) and machine learning capabilities to handle high-volume, repeatable tasks that previously required humans to perform. These tasks can include queries, calculations and maintenance of records and transactions. With RPA & Robot, Operations can automate mundane rules-based Operation processes, enabling Operation users to devote more time to higher-value tasks. OrangeFIN Robot is a Customer Acquisition Solution. Robot-assist for bank /insurance company to automate the capturing of customer information from identity card, Passport & other Identification peripherals. Run at mobile platform so that bank could run their operation outside the branch. Speedy operation turn-around time by automate the customer profile screening process.