Hong Leong launches eToken for SMEs

by TMR

HONG Leong Bank Bhd (HLB), in line with its digitisation roadmap, has introduced a new, secure and seamless eToken for their corporate and small and medium enterprises’ (SMEs) customers.

The eToken has authentication technology built in, with additional first-in-market biometric facial recognition technology for mobile devices which meets strict regulatory security requirements and is in line with global best practices.

This feature uses facial recognition capabilities to authenticate logins and approve payments on Hong Leong ConnectFirst (HL ConnectFirst) — HLB’s business online banking platform.

With HL ConnectFirst eToken, corporates and SMEs can now enjoy a hassle-free banking experience, without the need to carry a physical token.

The eToken will also be integrated with the upcoming HL ConnectFirst mobile banking application on smartphone, further reducing friction in the process of online transactions and general banking.

Corporate and SMEs only need to confirm transactions on a registered mobile device by a “single tap”.

The HL ConnectFirst eToken will be available to all corporate customers in Malaysia starting this month.

Current users of physical security token will be contacted and offered the option to convert to the eToken over the coming weeks.