Global tech firm and Malaysia's 6th largest banking group win with end-to-end enterprise Fraud and Cyber Risk Management Solutions

SINGAPORE - Media OutReach - 16 September 2020 - GBG (AIM:GBG), theglobal technology specialist in fraud and compliance management, identityverification and location data intelligence, and AmBank, the 6^thlargest banking group in Malaysia, have today been announced as the winners ofthe Cyber Risk Solution of the Year category at the Asia Risk Awards2020, the longest-running and most prestigious awards for firms andindividuals involved in Asia's derivatives markets and risk management.

As consumer behaviour continues to shift away fromin-person banking and toward digital banking, the volume of cyber threats andrisks to individuals and businesses is heightened. GBG's risk managementsolution is recognised for helping financial institutions prevent and centrallymanage their online fraud and cyber threat landscapes, while also adhering tothe latest regulatory compliance requirements. Particularly in Malaysia, wherethe Risk Management in Technology (RMiT) policy was passed by Malaysia'scentral bank, Bank Negara, on 1 January, 2020, mandating new governingstandards and guidelines for technology risk management and cyber riskmanagement for financial institutions; GBG has helped banks effectively meetthese new requirements with end-to-end fraud and cyber risk managementsolutions.

June Lee, APAC Managing Director of GBG said: "We are humbled to receive this industry recognition from theAsia Risk Awards 2020, reinforcing the value of our proactive and preventative fraudand cyber risk solutions. Our research shows that more than half of financialinstitutions in APAC see the prevention of new types of cyber attacks as thesecond largest challenge in fraud prevention. As the threats of cybercrimecontinue to be exacerbated by the pandemic, GBG strives to continuouslyinnovate and expand our fraud prevention capabilities to help our customers transactsecurely while building digital trust."

With GBG's Fraud and Cyber Risk Management solution, organisationscan detect fraud at the point of origin in real time, alert and stop fraudulentpayments across all channels. The system detects threats before fraudsters cancompromise legitimate customers and merchants by identifying suspicious behaviouralpatterns and blocking anomalous actions. In addition, users have the ability toadd new digital products and channels to the system to safeguard new launches againstfinancial crimes easily and quickly.

Aaron Loo, Managing Director of Retail Banking  at AmBank said: "Thepandemic has introduced a whole new level of complexity to the fraud andcybercrime landscape as people are spending more time online than ever.Malware, bots, and scams have spiked and it has been critical for us to be onthe front foot for our customers to protect them against growing socialengineering and first party fraud attacks."

The Asia Risk Awards 2020 were announced online throughoutSeptember 7-11, 2020.

About GBG:

GBG offers a rangeof solutions that help organisations quickly validate and verify the identityand location of their customers.

Our market-leadingtechnology, data and expertise help our customers improve digital access,deliver a seamless experience and establish trust so that they can transactquickly, safely and securely with their customers online.

Headquartered in theUK and with over 1,000 team members across 16 countries, we work with 20,000customers in over 70 countries. Some of the world's best-known businesses relyon GBG to provide digital services and keep the economy moving, from USe-commerce giants to Asia's biggest banks and European household brands.

To find out more about how we help our clientsestablish trust with their customers, visit www.gbgplc.com/apac, follow us on Twitter@gbgplc or