Hitachi eBworx

Last updated

Hitachi eBworx Sdn Bhd
Type Private Limited Company
Founded2 May 1998
HeadquartersPetaling Jaya, Malaysia
Parent Hitachi
Website www.hitachi-ebworx.com

Hitachi eBworx Sdn Bhd is a consulting and technology solutions[ buzzword ] firm headquartered in Petaling Jaya, Malaysia. The firm provides credit management, touchpoint, and trade finance banking products and applications to the financial services sector.

Contents

History

Hitachi eBworx was started as Digital Nervous System on 2 May 1998, by Tan Suan Fong and three other founders. During the first nine months, it was involved in a variety of software development work, including website design and complete projects such as the Personal Computer (PC) Order System for Gateway Asia Pacific. The company then focused on building products for the financial services industry and became known as "e-Business@work".

In 1999, CSE Infotech Limited of Singapore purchased a majority stake in DNS. [1] The name of the company was changed to eBworx Malaysia Sendirian Berhad.

eBworx was granted MSC status on 11 February 2002 by the Government of Malaysia. It became a public company on 25 April 2003 and changed its name from eBworx Malaysia Sendirian Berhad to eBworx Berhad in June the same year. eBworx Berhad was listed on the ACE Market (previously MESDAQ) of Bursa Malaysia Securities Berhad on 17 November 2003. [2] [3]

In 2005, eBworx opened a research and development office in Chengdu, China. In 2011, the main shareholders of eBworx were CSE-Infotech Ltd, OSK Capital Partners Sdn Bhd and Tan. . [4]

In 2012, an offer was made by Hitachi, Ltd on March second to acquire eBworx at 90 sen per share. [5] [6] The offer was accepted, and eBworx became Hitachi eBworx, [7] [8] a subsidiary of Hitachi, Ltd. It is part of Hitachi's Financial Information Systems Division (FISD), of the group's larger Information and Telecommunications Systems Company.

Products

"Digital Credit Management System" is an automated credit finder application which searches outsource agencies, manages credit underwriting and approval via web-based PCs and Mobile Tablets. In 2009, DCMS was named Best of Financial Application at the MSC Malaysia APICTA Awards [9] [10] and at the International APICTA Awards at Melbourne, Australia, [10] and won a Financial Insights Innovation Award in 2010 with CIMB Bank Berhad. [11]

eBworx "Digital Collection and Recovery System" is a web-based application which provides information about delinquent borrowers, to help the lender plan collection strategies. The company's "Digital Retail Internet Banking", an internet banking application for banking customers, won a Financial Insights Innovation Award in 2010 with PT Bank Danamon Indonesia. [11]

"Digital Transaction Banker", a global cash management and trade finance initiation application, which organises information about a corporate portfolio across groups of companies, facilitates domestic and international payment and transfers and liquidity management. In 2011 the product won a Best of Financial Applications at the MSC Malaysia APICTA Awards [12] [13] and at the International APICTA Awards 2011 at Pattaya, Thailand. [14]

"TradeSpring", a web-based backend trade processing application which provides bank’s customers with access to their trade accounts, transactions and statuses,

"Digital Mobile Banker", which provides banking solutions[ buzzword ] through mobile devices. It won a 2009 Financial Insights Innovation Award with OCBC for Mobile Banking. [15]

Related Research Articles

Bank Islam Malaysia Berhad is an Islamic bank based in Malaysia that has been in operation since July 1983. Bank Islam was established primarily to assist the financial needs of the country's Muslim population, and extended its services to the broader population. The bank currently provides Sharia-compliant card services and mobile banking.

<span class="mw-page-title-main">Sime Darby</span> Malaysian trading conglomerate

Sime Darby Berhad is a Malaysian trading conglomerate. Its core businesses operate and serve in the industrial, motors and logistics sectors as well as the healthcare, and insurance segments.

DRB-HICOM Berhad is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017. The Group also owns national motorcycle company Modenas, with Japanese two-wheeler giant Kawasaki as its partner. DRB-HICOM assembles cars in Malaysia for Tata Motors, Honda, Isuzu, Mercedes-Benz and Volkswagen, with plans for expansion. The Group also retails various brands such Audi, Mitsubishi and Volkswagen.

Prasarana Malaysia Berhad (Prasarana) (English: Malaysian Infrastructure Limited) is a 100% government-owned company which was set up by Ministry of Finance (Malaysia) as a corporate body established under the Minister of Finance (Incorporation) Act 1957 to own the assets of multi-modal public transport operator in Malaysia, under the government's move to restructure the city's public transport system. It is one of the largest public-transport companies in Malaysia other than Konsortium Transnasional Berhad. As a government-owned company since 1998, it operates stage bus and light metro services via several wholly owned subsidiaries.

<span class="mw-page-title-main">K. R. Somasundram</span> Malaysian Indian (born 1930)

K R Somasundram is a Malaysian Indian. Born in Teluk Intan, Malaysia in 1930, he was the son of a grocer who gained prominence by heading the National Land Finance Co-Operative for the last two and a half decades.

This article is intended to give an overview of the history of telecommunications in Malaysia.

<span class="mw-page-title-main">Malaysian Electronic Payment System</span>

The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet).

<span class="mw-page-title-main">Astro Malaysia Holdings</span>

Astro Malaysia Holdings is a Malaysian media and entertainment holding company that began as a paid digital satellite radio and television service, Astro. The company is owned by Astro Holdings Sendirian Berhad, which also owns Astro Overseas Limited. It serves 5.7 million homes or 72% of Malaysian TV households, 7,500 enterprises, 17.2 million weekly radio listeners, 14.7 million digital monthly unique visitors and 3.1 million shoppers across its TV, radio, digital and commerce platforms.

Kristal Astro was a sole operator of Brunei's multi-channel pay-TV service. It was officially launched on January 24, 2000. The company is a joint-venture between Kristal Sdn Bhd and Malaysia's MEASAT Broadcast Network Systems Sdn Bhd, a subsidiary of Astro Malaysia Holdings Berhad.

<span class="mw-page-title-main">Cahya Mata Sarawak</span> Malaysian conglomerate

Cahya Mata Sarawak Berhad (CMSB) (MYX: 2852) is a leading corporation listed on the Main Market of the Malaysian stock exchange, Bursa Malaysia. It is an investment holding company that involves in various businesses in Sarawak, namely manufacturing of cement and other construction materials, road construction and maintenance, laying of undersea pipelines, dam construction, smelting, property development, financial services, and education.

<span class="mw-page-title-main">AmBank</span> Malaysia-based bank

AmBank Group comprises AMMB Holdings Berhad is one of the largest banking groups in Malaysia whose core businesses are retail banking, wholesale banking, Islamic banking, and life and general insurance.

<span class="mw-page-title-main">PLUS Expressways</span> Office, Headquarters and Traffic Monitoring Centre in Selangor, Malaysia

The PLUS Expressways Berhad is the largest highway concessionaries or build–operate–transfer operator company in Malaysia. A member of the UEM Group, the company is also the largest listed toll expressway operator in Southeast Asia and the eighth largest in the world.

Kulim (Malaysia) Berhad is a Malaysian company. Through its subsidiaries, it engages in oil palm plantation, investment holding, and property investment businesses in Malaysia. The company also manufactures rubber-based products, oleochemicals, and esters; produces oil palm clones by plant tissue culture technology; and distributes tropical fruits, as well as engaging in crude palm oil processing. The Corporate Office of Kulim (Malaysia) Berhad is located at Johor, Malaysia.

<span class="mw-page-title-main">Citibank (Malaysia)</span> Bank in Malaysia

Citibank Berhad is a licensed commercial bank operating in Malaysia with its headquarters in Jalan Ampang, Kuala Lumpur. Citibank Berhad operates as a subsidiary of Citigroup Holding (Singapore) Private Limited, commencing its banking operations in Malaysia since 1959. Citibank Berhad was locally incorporated in 1994. Citibank Berhad has 11 branches spread across Kuala Lumpur, Selangor, Penang, Kuantan, Malacca and Johor, offering a wide range of banking and financial services including retail banking, institutional banking, and investment products and services.

<span class="mw-page-title-main">XOX</span>

XOX Malaysia launched in 2005, XOX Berhad is a Malaysian technology corporation. The company began as a telecommunication company and launched its first prepaid SIM card in 2009, and was listed on Bursa Malaysia in 2011. Currently their mobile services are marketed under ONEXOX brand and has approximately 2.5 million subscribers.

<span class="mw-page-title-main">Tune Group</span> Leisure and entertainment corporation

Tune Group Sdn Bhd is a leisure and entertainment corporation founded by the Malaysian entrepreneurs Tony Fernandes and Kamarudin Meranun. Tune Group's mission is to provide affordability and accessibility to leisure activities and entertainment, primarily in Asian markets. It does this via its airline, hotel, telecommunication, financial services, sports, media and creative industries subsidiaries. Its subsidiaries include: budget airline AirAsia; Caterham Group, a motor engine-based technology company, through which it formerly owned the Caterham F1 Team; and Queens Park Rangers, an English football club. Tune Group was the official shirt sponsor of FA match officials until 2013.

<span class="mw-page-title-main">Cheong Chia Chieh</span>

Cheong Chia Chieh was the group managing director of PUC Founder (MSC) Berhad – a listed company under ACE market of Bursa Malaysia – principally engaged in three different sectors, which are the Technology, Media and Telecommunication sector ("TMT"), Mobile Application sector, and Renewable Energy sector. He was the Former Managing Director of Red-hot Media International Limited (“RHM”) with the role of primarily being responsible for its overall operations within the RHM group of companies, sales as well as strategic direction and vision for the group. He was a founding director of the RH Media Group, and also a board member of a number of RHM's subsidiaries, including being the sole director of Red Media Asia Ltd.

Merchantrade Asia (Merchantrade) is a Money Services Business (MSB), Digital Payment Service and Mobile Virtual Network operator (MVNO) provider, based in Malaysia.

References

  1. ↑ "CSE Systems & Engineering acquires 55% stake in Malaysian e-commerce company".[ permanent dead link ]
  2. ↑ "eBworx to be listed on MESDAQ Nov 17". Bernama The Malaysian National News Agency. 14 November 2003.
  3. ↑ "eBworx receives approval for listing on MESDAQ". Bernama The Malaysian National News Agency. 2 October 2003.
  4. ↑ " eBworx gets takeover offer from Hitachi". The Star Online, 3 March 2012 by Thomas Huong
  5. ↑ Huong, Thomas (3 March 2012). "eBworx gets take over from Hitachi". The Star.
  6. ↑ "Hitachi eBworx eyes broader reach". Business Times. 21 September 2012.[ permanent dead link ]
  7. ↑ "Hitachi acquires ATM services provider Prizm Payments". The Times of India, Mayur Shetty, TNN | 26 November 2013
  8. ↑ "Challenges going regional, and why you should do it anyway". Digital News Asia, by Lum Ka Kay | 22 October 2015
  9. ↑ "MSC Malaysia APICTA 2009 Awards".
  10. 1 2 Teoh, Brandon. "eBworx DCMS is the No.1 Financial Software in Asia Pacific; supports 25% of Malaysia 's Total Retail Loans".
  11. 1 2 "Winners of International Data Corporation's (IDC) 2010 Financial Insights Innovation Awards (FIIA) Announced at the Asian Financial Services (AFS) Congress". Archived from the original on 4 June 2010. Retrieved 24 October 2012.
  12. ↑ "APICTA Awards 2011 Winner & Merit".
  13. ↑ Goh, Gabey (1 November 2011). "Teacher bags top Apicta Award". The Star.[ permanent dead link ]
  14. ↑ "APICTA 2011 Award Winners". Archived from the original on 21 October 2012. Retrieved 24 October 2012.
  15. ↑ "FIIA 2009 WINNERS".