KUALA LUMPUR, MALAYSIA, 15 November 2023 – Big Dataworks Sdn Bhd (BDW) is a key player in Malaysia’s tech landscape, appointed as the service provider for Suruhanjaya Syarikat Malaysia (SSM) since 2016 under the brand “MYDATA-SSM”. With over 570,000 users, it is Malaysia’s leading source of corporate information, facilitating critical business functions. In 2017, BDW received the Malaysia Book of Records Award for its outstanding implementation of Digital Certified True Copy (CTC) in MYDATA-SSM, solidifying its pioneering position in the industry. BDW serves diverse sectors, including public, government, GLCs, and the private sector, emphasizing its crucial role in Malaysia’s digital evolution and the market trends towards digital transformation and data utilization.
BDW’s Fintech Digital Forum 2023, themed ‘Empowering Others – Inspiring Innovation’, took place on November 15th at the Eastin Hotel. Conceptualized as MYDATA Airways: Flying High, the event symbolized progress, exploration, and reaching new heights. The forum, featuring three sessions – a sharing session, the ‘Aeroclient of the Year’ award, and a collaboration agreement – united 150 key industry players from 28 Malaysian fintech companies, driving the country’s financial technology advancement. Set against a backdrop of robust government support, Malaysia had established itself as a vibrant regional fintech hub, as emphasized by the forum’s discussions on ‘Digitalisation of Financial Services: A Fintech Revolution in Malaysia – Leveraging Data Sharing for Innovation’.
The recent Fintech Digital Forum highlighted the MYDATA API Digital Journey, a focal point during the event’s sharing session. This journey seamlessly integrates with MYDATA-SSM, automating processes and amplifying operational insights. MYDATA-SSM’s services offer crucial corporate information, including company and business profiles, facilitating effortless data extraction from SSM. This integration has forged successful partnerships with prominent Malaysian Financial Technology leaders, including Touch ‘n Go Digital, Boost, MYEG, Ifcon Technology, CTOS, and Experian – all recognized as the ‘Aeroclient of the Year’.
“Our partnership with MYDATA-SSM since 2017 has been transformative,” noted Su Shin Cheow, Chief Technology Officer at Puncak Tegap Sdn Bhd. “The MYDATA API has revolutionized our data extraction process, ensuring efficiency and precision in managing SSM documents, enhancing overall workflow and productivity”.
MYDATA+ stands as BDW’s latest innovation, offering entrepreneurs a comprehensive suite of digital solutions, including CoSec digital, SaaS, KYB, XBRL submission, and Open API. MYDATA+ launches MYDATA+ Passwordless, revolutionizing the authentication experience. Developed in collaboration with FNSValue Malaysia Sdn Bhd, this feature integrates QR code, OTP, and TOTP options, ensuring secure and user-friendly access without traditional passwords. It reflects BDW’s commitment to transforming data utilization, fostering business growth, and simplifying the digital experience.
“We are thrilled to collaborate with Big Dataworks in introducing the revolutionary Blockchain Secure Authentication (BSA) feature of passwordless blockchain multifactor authentication or MFA,” said Thaib Mustafa, Director and CEO, FNSValue Malaysia. He added, “This collaboration represents a significant leap forward in simplifying and securing user digital experience, amplifying business efficiency and ensuring seamless secure access to critical data”. MYDATA+ Passwordless, incorporating blockchain verification, ensures not only enhanced safety and security but also a streamlined user experience, scalability, flexibility, and more.
By implementing MYDATA+ Passwordless within the MYDATA ecosystem, clients can anticipate swift access to essential corporate information, enabling efficient data extraction and management. With its emphasis on advanced security measures such as blockchain verification and simplified authentication methods, MYDATA+ ushers in a new era of efficiency and convenience, allowing businesses to focus more on growth and innovation. Malaysian companies across diverse sectors, including e-government services, financial institutions, education, fintech, and others, are invited to embrace this new era by seamlessly integrating these cutting-edge services into their operations.
BDW stands as a frontrunner in Malaysia’s tech landscape, continuously driving innovation and digital transformation. Committed to empowering the business community, BDW aspires to unlock their potential by advocating for the adoption of digitalization and efficient data utilization. With a strong emphasis on harnessing the power of data for comprehensive business solutions, the successful integration of MYDATA API and MYDATA+ Passwordless underscores BDW’s commitment to enhancing operational efficiency and security in the digital business sphere. As Malaysia’s tech industry continues to thrive, BDW remains committed to driving innovation and digital transformation, ensuring its pivotal role in shaping the country’s digital future.
