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Censof Named as One the 7 Tech Companies at the Cutting Edge of SPV

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February 6th, 2020

LETTERS: In 2019, Prime Minister Tun Dr Mahathir Mohamad launched the 2030 Shared Prosperity Vision (SPV) as an effort to make Malaysia a country that is developing sustainably with fair economic distribution as well as equitable growth at all levels of incomes, ethnics, regions and supply chains by 2030.

The 2030 Shared Prosperity Vision which is the primary strategic policy document that will guide the restructuring priorities for Malaysia’s development was used as a baseline to identify the technology companies at the cutting edge of empowering or delivering shared prosperity in Malaysia.

To make the list, companies needed to demonstrated that they were able to participate in a meaningful manner towards the shared prosperity vision enablers, namely effective institutional delivery, financial capital, governance and integrity especially related to increasing transparency, and lastly was the use of Big Data.

Coupled with a positive contribution to the Key Economic Growth Activities (KEGA) of digital economy, industrial revolution 4.0, advanced & modern services together with a history of innovation and delivering e- government projects that have had a direct impact on the community or business ecosystem.

Identifying homegrown leadership has become increasingly important as according to Malaysian government data technology adoption still remains low in the services industry with a rate of uses of just 20% in 2018 while the government’s target is 30% by 2030.

This year’s list has highlighted those companies best positioned to drive this vision from the private sector.

Big Dataworks is a Malaysian grown tech company providing solutions in data supply, data analytics, management of information and physical documents storage. The innovative approach to data driven business solutions has made it possible to manage a nationwide user base of over 200,000.

The nimble solution provider has delivered higher productivity, better value for consumers, and the next wave of growth in the business through big data solutions to a wide range of stakeholders. The ability delivering directly with to the public, government, government linked corporations and the private sector has ensured that Big Dataworks makes this year’s list.

The company has a strong track record of “eco-system changing” delivery to government that is “a positive disrupter” appointed by the Companies Commission of Malaysia (CCM) or Suruhanjaya Syarikat Malaysia (SSM) as its technology and service provider for the SSM MYDATA Services. MYDATA has become the go to source for legitimate and legal information on companies incorporated or registered in Malaysia.

MYEG Services Berhad or MYEG builds, operates and owns the electronic channels that deliver services from various Government agencies, including DBKL, Jabatan Insolvency Malaysia, Jabatan Pengangkutan Jalan, Polis Diraja Malaysia, Tenaga Nasional Berhad and Telekom Malaysia to Malaysia citizens and businesses.

Its first wave of solutions were deployed between 2000 to 2010 for the Government to Citizen (“G2C”) and Government/Enterprise Solution (“GES”) categories. They make the list because over the past 5 years MYEG has invested in deploying next generation technologies based on The Internet of Things (“IoT”) solutions coupled with big data analytics that will bring significant improvements to overall quality of life in Malaysia.

Commerce Dot Com Sdn. Bhd. Established in 1999 Commerce Dot Com Sdn Bhd (CDC) was incorporated for the fundamental purpose to develop and operate an electronic procurement system for the Government of Malaysia, known as ePerolehan. This initiative was undertaken with the intention to steer the nation’s commerce into the forefront of the digital economy.

Currently CDC boasts ePerolehan as one of the largest Government-to-Business (G2B) marketplace in the world with more than 30,000 government users and 180,000 suppliers throughout Malaysia and over 2 million catalogue items available online. Procurement via ePerolehan has grown tremendously to over 2 million transactions valued at more than RM20 billion annually.

POS Digicert made the list due it ability to deliver the latest convergence of services, the public will no longer be required to go to SSM offices to obtain documents with “Certified True Copy” CTC stamp. The collaboration between Big Dataworks, SSM and POS Digicert has allowed digitally certified documents can now be purchased online via MYDATA SSM portal by consumers.

Government agencies, the likes of Immigration, Road Transport (JPJ) and Municipal Councils have implemented the use of these documents for official submissions. Digital CTC is a transformation of the manual document authentication service through a combination of statutory imaging technology, digital signature and Quick Response Code (QR code) with security features

Censof Holdings Bhd established in 2008 as a technology investment holdings company specializing in financial management software solutions.

Since then, Censof has expanded its portfolio of financial services solutions to include e-payment gateway services and wealth management software solutions.

Censof acquired a major accounting solution business that cater to SME business market. Through its subsidiaries, the technology solutions are widely used in public and private sectors in Malaysia, Singapore, Indonesia and Hong Kong. In January 2011, the Group was listed on the Main Market of Bursa Malaysia.

TM One made the list as connectivity and security is a core element of a trust based digital economy. TM ONE is positioned as the only enabler of a Hyperconnected Ecosystem for business’s digital journey.

As the enterprise and public sector business solutions arm of Telekom Malaysia Berhad (TM) Group the people driven organisation delivers seamless and complete digital solutions, processes and state-of-the-art technology. With the mission to fully transforming Malaysia into a digital nation in line with TM’s philosophy of “Life Made Easier” for a better Malaysia.

Malaysia Digital Economy Corporation Sdn. or MDEC was established in 1996, it was the Government’s response to the then new concept of “Digital Economy”. Today, the global Digital Economy is estimated to be worth USD3 trillion, and MDEC continues its role to organise and lead Malaysia’s Digital Economy forward.

It’s on the list as a key ecosystem enabler. MDEC has driven significant digital transformation and adoption across the public and private sectors in Malaysia since its establishment, including the formulation of policies and coordination of agencies. The development of a futureproof workforce to grow the Digital Economy ecosystem and the creation of global champions to increase contribution from the Digital Economy to GDP.


Nordin Abdullah

Founding Chairman MGBF

The views expressed in this article are the author’s own and do not necessarily reflect those of the New Straits Times

Century Software Secures RM 5.3 Million Contract From Ministry of Finance

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Kuala Lumpur, 16 December 2019 – Censof Holdings Berhad’s (“Censof”) wholly-owned subsidiary, Century Software (M) Sdn. Bhd. has secured a contract from Ministry of Finance Malaysia (“MOF”) to provide maintenance and support services for MOF’s budget management information system, MyResults.

The contract is valued at RM5.3 million and carries a tenure of 12 months, from 2 January 2020 until 1 January 2021.

MyResults is an outcome based budgeting (OBB) system which was developed by Century Software for MOF. Under the OBB system, high-level national strategies are linked to specific budget programs and activities. This will lead to an improvement in resource management while enhancing transparency and accountability. As this budget system is integrated across
the various ministries, government officials are able to plan their budgets more effectively.

Censof Group Managing Director, Encik Ameer bin Shaik Mydin said “We are honored to be awarded with the contract to carry out maintenance services for MyResults. It enables us to continue our long standing relationship with MOF, having completed the project hand over of MyResults in May 2019. We appreciate the continued confidence MOF has for the group, as it lends credence to our technical capabilities and strengthens our track record in the area of financial management solutions.”

Century Software has been providing IT solutions specializing in financial management to the public sector and has on-going contracts with government agencies such as the Inland Revenue Board (“LHDN”), Dewan Bandaraya Kuala Lumpur (“DBKL”) and Pertubuhan Keselamatan Sosial (“PERKESO”).

Inclusive of this contract, Censof’s orderbook now stands at approximately RM55.7 million. The subsidiary has also significantly increased its recurring maintenance contracts to approximately RM37.2 million per annum.

Knowledgecom and Millet World Announce Strategic Technology Partnership

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Singapore April 18th, 2019 Today, Knowledgecom Corporation Sdn Bhd, a subsidiary of Censof Holdings Berhad and Millet World Pte Ltd announced a strategic partnership. The companies will collaborate and develop business in education, training and skills development in emergent technologies.

Armed with more than twenty-five years’ experience in building communities, Millet World has domain expertise in teaching children the Arts and Emerging Technologies with territorial know how and network connecting business in Singapore.

Millet World Digital Chief Executive Officer, Mr Aravind Vasu said: “Our goal as a placemaking company is to build a digital-forward community and we believe that the way to achieve that is to start with disrupting the education sector.

By developing cutting-edge learning materials and IPs with our partner, Knowledgecom, we hope to empower the young to see themselves as global citizens, essential for the growth of society. This collaboration comes at an exciting time as the transformative digital drive is taking place massively in Singapore and Malaysia. The complementary strengths of the two organisations further reinforce our commitment to our digital transformation agendas.”

Known for their training and skills development expertise in the IT and Industry 4.0 area, Knowledgecom specialises in designing and delivering programs that will create high income, high employability and efficient workforce in all sectors.

CEO of Knowledgecom Corporation Sdn Bhd, S T Rubaneswaran said: “This partnership will ensure that bright motivated students have the skills, mentors, and confidence needed to begin careers in technology.”

This collaboration will see Millet World and Knowledgecom Corporation join forces with to jointly develop and own courses on emergent technologies. In partnership with Millet World, Knowledgecom will also facilitate in producing trainer’s manual and learning guide suitable for marketing based on the course structure and lesson plan provided by Millet World.

Censof Group Managing Director, Ameer Bin Shaik Mydin said: “The world is changing and becoming more digitally inclined. As this happens so do our learning and teaching habits, hence the need to be more innovative.”

KCom Group Team Up with 9 Partners to Promote Digital Transformation

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Kuala Lumpur, March 22nd, 2019 –  Some local and foreign technology service companies are collaborating with each other to enable small and medium enterprises (SME) in Malaysia to transform their traditional manufacturing sites into smart factories.

Knowledgecom Sdn Bhd (KCom) Chief Executive Officer ST Rubaneswaran said the adoption of factory automation would ultimately enable companies to maximise resources and produce higher-quality goods more efficiently.

“Now, it seems possible for Malaysian manufacturing industries adopting the internet of things, wearable technologies, robotics, artificial intelligence and some of the other technologies implemented to transform traditional factories into smart ones.

“We will map the journey every step towards digitization,” he said at the signing ceremony of MoU between KCom and other nine technology service companies.

KCom signed a memorandum of understanding with YGL Convergence Sdn Bhd, Monitor ERP Sdn Bhd, Ingram Micro, Solara Systems, Cognitive Consulting, Fast Track Sdn Bhd, Lava Protocols Sdn Bhd, SysArmy Sdn Bhd and Century Software (M) Sdn. Bhd.

Rubaneswaran said the partnership is the first of its kind in the country and will be a game changer to empower Malaysia as a leader in digital economy in Southeast Asia.

He said the cost to automate a factory is between RM200,000 to RM500,000, depending on the size of the factory.

“If local manufacturers don’t adopt the fourth industrial revolution (IR 4.0), they will lose out on market share. Based on our survey, smart factories can enable the Malaysian manufacturing industry to immediately increase their return on investment in overall productivity within six-12 months.

“Smart factories can also reduce capital and inventory costs compared with traditional factories,” he said.

Rubaneswaran said in total, stockholding and overhead cost saved can be as much as RM500,000 and that could easily cover the installation of smart factory technology.

“According to a KCom’s study, 85 per cent of more than 2,000 manufacturers in Malaysia are expected to see cost reductions and revenue gains from digitisation efforts in the next five years,” he said.

Century Software Wins Contract Worth RM4.27 million from PERKESO

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Petaling Jaya, March 5th, 2019 – Century Software (M) Sdn Bhd, a wholly-owned subsidiary of Censof Holdings Berhad has secured a RM4.27 million contract.

Under the terms of the contract with PERKESO, Century Software’s scope of work includes comprehensive maintenance for Standard Accounting System for Government Agencies (SAGA) compliant accounting software and also to provide an application server with disaster recovery solutions. The contract will be for 3 years.

Censof Group Managing Director, Ameer Bin Shaik Mydin said: “This contract award demonstrates that our platform portfolio, technology expertise and ability to understand customer needs set us apart from the competition.”

“Our goal is to be able to provide our clients with expert guidance, state-of-the-art tools, and exceptional knowledge to solve their technology challenges. This goal continues today and we have grown and currently have over 80 government agencies as clients. Each of these groups has different needs, and we always work to meet those needs, by innovating new solutions to make things easier, faster, better, and more effective. “he added.

With more than 20 years supporting government agencies around the country, Century Software continues to be recognized as the leading government financial management solutions provider. Century Software also provides digital platforms and services for businesses and governments by leveraging on the power of cloud and mobile, combined with technologies such as automation, cognitive and blockchain to elevate and drive modern digital experiences that are more efficient, helpful and satisfying.

Censof and WISeKey Enter Into Strategic Partnership

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January 24th, 2019 WISeKey International Holding Ltd (“WISeKey”), (SIX: WIHN) a cybersecurity IoT platform company, today announced a strategic partnership with Cendee Sdn. Bhd., a subsidiary company of Censof Holdings Berhad (Censof) to deploy WISeKey`s Cybersecurity Vertical Platform and Blockchain stack to address PKI, IoT and blockchain opportunities for a list of identified projects across Censof’s client ecosystem.

Cendee and WISeKey will establish a Center of Excellence in Malaysia to support the creation of a tailored “Trusted Blockchain as a Service Platform.”

This initiative will help in facilitating and providing easily integrated enterprise blockchain solutions for financial institutions, corporates, regulators and governments. As a first milestone, WISeKey and Cendee have already deployed a local “WISeKey Malaysian Root of Trust (RoT),” a critical step for the establishment of the Blockchain Center of Excellence in Malaysia.

This partnership will complement and expand Cendee’s capabilities to successfully address the requirements of a number of identified projects in various areas with select government entities in Malaysia.

In the last few months, WISeKey has also announced the creation of Blockchain Centers of Excellence in USA, China, India, Africa, Latin America and is now in Malaysia, a South East Asian country to host such a powerful ecosystem. To support this endeavour, WISeKey announced several strategic partnerships and is working with experts in industry, government, and academia to address the most relevant Blockchain developments with practical, standard-based solutions.

At the heart of this strategy is the OISTE-WISeKey Cryptographic Root of Trust which has been actively used since 1999 by over 2.6 billion desktops, browsers, mobile devices, SSL certificates and Internet of Things / Semiconductors devices. The OISTE WISeKey Cryptographic Root of Trust is ubiquitous and universal, and a pioneer in the identification of objects.

“We are proud to collaborate with Censof, a market leader and a trusted partner in providing financial and business management solutions specifically geared to the needs of government agencies. This strategic agreement allows Censof and in particular Cendee to leverage their Cybersecurity and blockchain expertise by combining WISeKey’s broad Cybersecurity portfolio and strengthen Censof’s offering among government and enterprise clients,” said Carlos Moreno, VP Corporate Alliances and Partnership of WISeKey.

“The potential benefits of blockchain will help drive efficiencies to our clients. This collaboration is another example of our continued commitment to introduce new financial innovations for the betterment of their business,” said Ameer Shaik Mydin, Group Managing Director.

Censof Receives Multiple Awards at MEBA 2018

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Censof Holdings is proud to announce that we have won two awards at the recent Malaysia Excellence Business Awards 2018 (MEBA 2018). It was a double celebration as Censof Holdings Berhad’s Independent Non-Executive Director, Tan Sri Datuk Wira Dr. Hj. Mohd Shukor Bin Hj. Mahfar won the Lifetime Achievement Award and Century Software’s Chief Executive Officer, Zainul Ariffin Harun won the Masterclass Bumiputra CEO of The Year Award.

Held in conjunction with The CEO Innovative Disruption Forum the MEBA 2018 recognizes companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development.

The prestigious awards programme was co-organised by Malaysia Digital Chamber of Commerce (MDCC) and The Leadership Post and supported by the Ministry of Federal Territories Malaysia and United Nations Global Compact Network Malaysia (UNGC).

The awards objective is to recognise accomplishment of individuals and businesses for their contributions to the nation’s economy and progress. MEBA 2018 is an awards programme designed to promote excellence, innovation and best practices in business entities and is widely regarded as the definitive showcase of outstanding businesses and personalities in Malaysia and global. The award is also a commitment to the Government’s call recognizing and supporting home-grown businesses in showcasing its capabilities; services and products to the world yet acknowledging the role play by international community in making Malaysia competitive in the business world.

Other winners include Grab, Air Asia Malaysia, Tesco, Westport Malaysia and Prudential BSN Takaful Berhad.

Censof Inks Strategic Partnership With Singapore’s Millet Holdings

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Singapore, 28 November 2018 – In an MOU signing between Censof Holdings Berhad and Millet Holdings, a strategic partnership was inked that would provide Millet with market access to Malaysia, where Censof has an established base of more than 407,000 small and medium enterprises (SME) customers since 2008.

“We are delighted to announce our strategic partnership with Millet Holdings. We strongly believe that both companies, can leverage from each other’s strengths to create synergies and develop smart innovative solutions for the Malaysian market.” said Ameer Shaik Mydin, Group Managing Director at Censof Holdings Berhad.

“Our objective is to ensure SMEs embrace digital transformation and through this collaboration we believe that it will be a big step towards making this vision a reality. With this in mind, the new offerings through this partnership will be a leap forward for our SME customers.”

The MOU will see Millet collaborate with Censof Holdings Berhad on a range of business opportunities that include creative place and space making, creating physical and digital co-working platforms for SMEs in the creative industries, as well as providing consultancy and business solutions using emergent technologies across Malaysia.

A pipeline of projects is in the works which will leverage on Millet’s wide-ranging expertise marrying the use of emergent technology. Key projects include the master planning of a SMART CITY with real estate technology solutions Future@Malls and MetaverseCreator by Metaverse, an integrated children technology theme park, Future@Work and Cave Automatic Virtual Environment, an immersive teaching-learning environment for children to experience, experiment and create through the use of new technologies such as virtual reality, augmented reality, holograms and 360 degrees video.

Executive Director at Millet Holdings. “This marks a tremendous milestone for Millet Group as we ink the MOU with Censof Holdings Berhad. This collaboration with a prominent public listed company from Malaysia affirms our value proposition strongly as a group – Millet has know-how in placemaking, regional connectivity and access to emergent technology within its group businesses. Combined with Censof’s domain knowledge of digital technology and market access in Malaysia, we are confident of gaining greater traction amongst SME businesses to provide innovative solutions in this new technology-driven business landscape.”

RHB Partners ABSS and PayNet, Offers JomPAY at Zero-Cost to SMEs

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RHB Bank Berhad partners Asian Business Software Solutions Sdn Bhd (ABSS) a subsidiary of Censof Holdings Berhad and Payments Network Malaysia Sdn Bhd (PayNet) which operates Financio and JomPAY respectively, to offer a zero-cost payment platform to Small and Medium Enterprises (SMEs) in the country.

This partnership will benefit all SMEs using RHB’s e-Solution which provides Financio, a cloud-based accounting software by ABSS.

Financio is a component of RHB’s e-Solution, aimed at empowering SMEs to optimise business efficiency. RHB SME customers will now be able to conduct payment transactions and receive JomPAY payments from their customers using e-Invoice solution at zero-cost.

The zero-cost which was put into effect yesterday, is expected to benefit all SMEs as e-commerce increasingly grows in Malaysia, and will likely to rise further to more than 20 per cent a year by 2020.

“This strategic collaboration with ABSS and PayNet is a significant milestone in RHB’s aspiration to simplify SMEs’ business journey by offering both financial and technology-based solutions.

“Through the RHB SME e-Solution, SMEs will be able to enjoy an all-in-one-hassle-free solution that will contribute towards greater productivity and profitability.

“In 2017, RHB saw a total of 834,000 transactions processed via JomPAY and through this partnership today, we are targeting to increase the participation of SMEs to 2,500 by end of 2018,” said RHB Banking Group, head of group business and transaction banking, Jeffrey Ng Eow Oo.

JomPAY is Malaysia’s national bill payment scheme, under the auspices of Bank Negara Malaysia with the participation of banks and large billers.

JomPAY offers an accessible and convenient bill payment ecosystem for consumers, banks and billers, open to customers from 40 banks across Malaysia, allowing customers to pay bills via Internet & Mobile Banking or ATMs nationwide.

“We are honoured to collaborate with RHB and ABSS to offer JomPAY as the preferred payment collection service.

“I trust SMEs will enjoy cost savings, efficiency improvements and greater convenience with JomPAY,” said PayNet Group chief executive officer, Peter Schiesser.

The Financio e-invoice solution, he added, will automatically incorporate the JomPAY Customer Reference Box in the e-invoice to ensure easy activation and convenient acceptance of payments for SMEs through JomPAY.
ABSS, chief executive officer, Paul Conway concur his excitement to work together as this opportunity will offer SMEs more innovative and cost-effective solutions.

“SMEs remain a largely underserved segment, even while we recognise they are key drivers of the economy.

“There is an enormous number of smaller enterprises eager to find business software that is flexible, easy to pick up and use.

“We believe with the addition of JomPAY to Financio, there is great scope to deliver robust financial management services that can help SMEs grow faster and remove pain points,” he concluded.

Apart from Financio, RHB SME eSolution also offers Business Current Account, RHB REFLEX an integrated internet banking platform, Kakitangan.com’s Human Resource & Payroll Solution and electronic point-of-sale systems powered by Storehub and ARMS.

Other benefits of RHB SME e-Solution, include the offering of credit and debit card terminals to enable card transactions, and customised SME insurance packages specifically for SMEs to protect their businesses.

In addition to that, RHB SME e-Solution also offers business credit cards to help them with expenses and payment plans.

Censof, Soft Space’s Subsidiary Signs MoU for Growth in Southeast Asia

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KUALA LUMPUR, Sept 27 – T-Melmax Sdn Bhd (T-Melmax), a wholly-owned subsidiary of Censof Holdings Bhd (Censof), has signed a memorandum of understanding (MoU) with Fass Payment Solutions Sdn Bhd (Fasspay) to drive potential capital growth, improve market access, and procure various business deals together in Southeast Asia.

The MoU will enable Fasspay, a wholly-owned subsidiary of Asia’s leading fintech company Soft Space Sdn Bhd (Soft Space), to gain access to the vast list of T-Melmax’s clientele via Censof, while T-Melmax will be able to leverage on Fasspay’s payment technologies for further growth.

In a statement, Censof group managing director, Ameer Shaik Mydin, said, “We are pleased to join hands with Fasspay and Soft Space, a leading and innovative payments player in the region.”

“Our platform will enable Soft Space to expand its presence within a short time frame and without specific payment barriers whilst delivering the highest quality and security standards. Both parties mutually benefit from the partnership due to greater market penetration and access to new client segments,” he added.