KUALA LUMPUR, June 26 (Bernama) — The industry-wide Electronic Bank Confirmation (EBC) Platform (eConfirm.my) was officially launched today by the Malaysian Institute of Accountants (MIA) and Extol Corporation Sdn Bhd (Extol), a wholly-owned subsidiary of AppAsia Berhad, at an e-ceremony attended by various stakeholders, including auditors, audit clients, bankers and regulators.
In his welcome remarks, MIA President Huang Shze Jiun noted that the eConfirm.my marks another significant milestone for MIA on its mission to continuously improve the current bank confirmation process, which in turn advances MIA’s digital transformation agenda for nation building and delivers significant benefits for stakeholders such as auditors, banks, reporting entities and the capital market as a whole.