Tag: verification

Puspakom: Selection of inspection type important for accurate vehicle evaluation

SHAH ALAM: The findings of a Special Inspection (B2) conducted by Puspakom Sdn Bhd contributed to a tribunal decision in favour of a used vehicle buyer after an eight-month dispute over the condition of a vehicle. Puspakom Chief Executive Officer, Mahmood Razak Bahman, said the case highlighted the importance of choosing the appropriate type of vehicle inspection based on its intended use because each inspection category has different regulatory and assessment functions. He said the vehicle involved had previously undergone a Transfer of Ownership Inspection (MV15) and a Hire Purchase Inspection (B7), both of which were carried out for specific verification purposes. "MV15 is carried out during the ownership transfer process to verify the vehicle's identity as well as engine and chassis numbers, while B7 is carried out at the request of a financial institution for the purpose of verifying hire purchase financing. "Despite having passed the inspection, the buyer later raised concerns about the condition of the vehicle and chose to undergo a B2 Special Inspection at Puspakom Batu Maung, Penang," he said in a statement on Wednesday. Mahmood said the B2 inspection identified structural non-compliance at the chassis level, which caused the vehicle to fail the inspection. He said the results of the inspection were then presented as evidence and contributed to the tribunal's decision in favour of the buyer, thus showing the difference between regulatory inspections such as MV15 and B7 and specialized inspections such as B2. He said that unlike the standard verification inspection, the B2 inspection involves a more comprehensive structural assessment that includes the condition of the chassis, structural integrity, vehicle identification details and compliance with regulatory requirements. "This allows any hidden issues such as damage from previous accidents, structural modifications or major repairs to be identified more effectively," he said. Mahmood also encouraged vehicle owners to take a more proactive approach to vehicle maintenance and safety aspects through Puspakom's Voluntary Vehicle Inspection (VVI) program. He said VVI helps vehicle owners assess the overall condition, safety and suitability of their vehicles for use on the road, thus enabling them to make more accurate decisions regarding maintenance planning, preparation for long-distance travel as well as the purchase or sale of used vehicles. "Choosing the right type of inspection is important to ensure a more comprehensive and accurate assessment, as well as to avoid any issues in the future. Puspakom also encourages the public to practice preventive inspections, particularly through VVI as part of responsible vehicle ownership practices and to improve road safety for all." "With a fee as low as RM15, VVI provides an easily accessible option for vehicle owners to better understand the condition of their vehicles and identify any potential problems earlier," he said. -- BERNAMA

SHAH ALAM: The findings of a Special Inspection (B2) conducted by Puspakom Sdn Bhd contributed to a tribunal decision in favour of a used vehicle buyer after an eight-month dispute over the condition of a vehicle. Puspakom Chief Executive Officer, Mahmood Razak Bahman, said the case highlighted the importance of choosing the appropriate type of […]

Mula-X Redefines Financial Security in Thailand with Ideem’s Passkeys+

BANGKOK -- Mula-X today announced the rollout of Passkeys+ from Ideem, potentially replacing SMS-based OTPs with biometric, device-bound authentication across its digital wallet platform. With this move Mula-X has positioned themselves as an industry leader by delivering a significantly improved user experience while also automatically strengthening security for its users. Built on the FIDO standard, Passkeys+ delivers passwordless authentication that is phishing-resistant, invisible to the user, and bound to the device, giving Mula-X visibility and control that standard passkey deployments simply don't offer. Authentication happens natively within the app, with no redirects, no OTP delays, and no attack surface for credential theft. "By adopting Passkeys+ technology alongside our existing SMS-based verification, it allows Mula-X to deliver a faster, more seamless login experience while strengthening security for our users," said Lyn Kok, Founder & CEO of Mula-X. "Security and convenience usually don't go together, but with the advent of AI deep faking, improved phishing attacks and more demanding customers they are both paramount in digital finance." A Stronger Bottom Line The operational impact is equally significant. By enabling an alternative to SMS OTP infrastructure, Mula-X potentially removes recurring delivery costs and the operational complexity of managing global OTP providers, replacing variable, usage-based expense with a scalable, fixed-overhead security layer. "The Thai market is sophisticated and fast-moving, and Mula-X's users deserve authentication at the forefront of the industry," said Greg Storm, President of Ideem. "Mula-X has demonstrated that better security and user convenience can be delivered simultaneously. Users will always take the path of least resistance, and by making their security easy and convenient, Mula-X has given their customers an easy, automatic and invisible path to better security. . As digital finance accelerates across Southeast Asia, Mula-X's adoption of Passkeys+ sets a new benchmark for what modern fintech security should look like. /PRNewswire/

BANGKOK — Mula-X today announced the rollout of Passkeys+ from Ideem, potentially replacing SMS-based OTPs with biometric, device-bound authentication across its digital wallet platform. With this move Mula-X has positioned themselves as an industry leader by delivering a significantly improved user experience while also automatically strengthening security for its users. Built on the FIDO standard, […]