Tuesday 30 May 2023
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KUALA LUMPUR (July 30): ManagePay Systems Bhd’s (MPay) 20% associate MSC Trustgate Sdn Bhd has secured a 5-year Certification Authority (CA), Certificate of Recognition for Date/Time Stamp Authority (TSA), and Certificate of Recognition for Repositories operating licences from Malaysian Communications and Multimedia Commission (MCMC).

In a statement yesterday, MPay said the renewal of the licence up to July 24, 2025 will enable the company to provide customers products and services related to Public Key Infrastructure and expand its cyber security service offerings.

MPay said MSC Trustgate CA and TSA operating licence is only one of four authorised by MCMC in Malaysia.

MPay chief executive officer (CEO) Datuk Chew Chee Seng said Trustgate has been providing leading technology to support and facilitate the highest standards of authentication and security for MPay Fintech products and services, and across the entire MPay digital economy ecosystem at large.

Chew said Trustgate’s core technology amongst others are the provision of digital certification services, cryptographic products, and security software development services.

“The renewal of the licence would enable Trustgate to focus on developing new cyber security offerings, MyTrust e-KYC (Know Your Customer) system which helps enterprises address the pain of onboarding customers during and post COVID-19.

“It utilises cutting-edge technologies such as artificial intelligence (AI) and machine learning to transform and optimize processes to validate an individual’s credentials,” said Chew.

Meanwhile, Trustgate CEO Lo Nyan Tjing said with the increasing need for digitalisation post COVID-19, the firm sees a lot of room for growth in the next 5 years especially in the cyber security sphere where organisations are encouraged to bring their businesses, and naturally, their transactions online.

Trustgate said its TSA fulfils the requirements of the Digital Signature Acts 1997 which provides independent and irrefutable proof of the existence of transactions, documents, and digital signatures at a specific point in time in which they have not been subsequently altered.

It can also independently prove when a digital signature was applied by the signer so that its validity can be verified in the long-term, even after expiry or revocation of signer’s digital credentials, said the firm.

At the market close on July 29, MPay fell 3.57% or 0.5 sen to 13.5 sen with 23.82 million shares traded.



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