Ringgit Operations Monitoring System
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Ringgit Operations Monitoring System
Ringgit Operations Monitoring System (ROMS) is a large-value foreign exchange transaction reporting system owned and operated by Bank Negara Malaysia (BNM), the central bank of Malaysia. It automates a major part of compliance reporting between Authorised Dealers (who are licensed FX intermediaries) and Bank Negara Malaysia (BNM). ROMS is built using web-based technology and runs on a web browser on a PC workstation to minimise cost, ease maintenance and establish a user-friendly interface. Data security is implemented by using a secure private broadband network between BNM and financial institutions. This network is called FINET. ROMS is not deployed over the Internet. FINET in turn, runs over COINS, a nationwide enterprise level data network operated by Telekom Malaysia, the national telecommunication provider. Users are authenticated via a password challenge-response process, IP address An Internet Protocol address (IP address) is a numerical label such as that is assigned ...
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Bank Negara Malaysia
The Central Bank of Malaysia (BNM; ; Jawi: ) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as the banker and advisor to the government of Malaysia, and regulate the country's financial institutions, credit system and monetary policy. It is headquartered in Kuala Lumpur and is the only institution permitted to issue the Malaysian ringgit into circulation. Powers of the Bank The Central Bank is empowered through enactment of legislation by the Parliament of Malaysia. New legislation are created and current legislation is amended to reflect the needs of the time and future. Development Financial Institutions Act 2002 Promotes the development of effective and efficient development financial institutions. Central Bank of Malaysia Act 2009 Provides the establishment, administration and powers of the bank. This act repealed the Central Bank of Malaysia Act ...
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Central Bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also have supervisory or regulatory powers to ensure the stability of commercial banks in their jurisdiction, to prevent bank runs, and, in some cases, to enforce policies on financial consumer protection, and against bank fraud, money laundering, or terrorism financing. Central banks play a crucial role in macroeconomic forecasting, which is essential for guiding monetary policy decisions, especially during times of economic turbulence. Central banks in most developed nations are usually set up to be institutionally independent from political interference, even though governments typically have governance rights over them, legislative bodies exercise scrutiny, and central banks frequently do show resp ...
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Malaysia
Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia on the Mainland Southeast Asia, Indochinese Peninsula and East Malaysia on the island of Borneo. Peninsular Malaysia shares land and maritime Malaysia–Thailand border, borders with Thailand, as well as maritime borders with Singapore, Vietnam, and Indonesia; East Malaysia shares land borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the country's national capital, List of cities and towns in Malaysia by population, largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government, while Putrajaya is the federal administrative capi ...
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Web Browser
A web browser, often shortened to browser, is an application for accessing websites. When a user requests a web page from a particular website, the browser retrieves its files from a web server and then displays the page on the user's screen. Browsers can also display content stored locally on the user's device. Browsers are used on a range of devices, including desktops, laptops, tablets, smartphones, smartwatches and consoles. As of 2024, the most used browsers worldwide are Google Chrome (~66% market share), Safari (~16%), Edge (~6%), Firefox (~3%), Samsung Internet (~2%), and Opera (~2%). As of 2023, an estimated 5.4 billion people had used a browser. Function The purpose of a web browser is to fetch content and display it on the user's device. This process begins when the user inputs a Uniform Resource Locator (URL), such as ''https://en.wikipedia.org/'', into the browser's address bar. Virtually all URLs on the Web start with either ''http:'' or ''h ...
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Broadband
In telecommunications, broadband or high speed is the wide-bandwidth (signal processing), bandwidth data transmission that exploits signals at a wide spread of frequencies or several different simultaneous frequencies, and is used in fast Internet access. The transmission medium can be coaxial cable, optical fiber, wireless Internet (radio), twisted pair cable, or satellite broadband, satellite. Originally used to mean 'using a wide-spread frequency' and for services that were analog at the lowest level, nowadays in the context of Internet access, 'broadband' is often used to mean any high-speed Internet access that is seemingly always 'on' and is faster than Dial-up Internet access, dial-up access over traditional plain old telephone service, analog or ISDN public switched telephone network, PSTN services. The ideal telecommunication network has the following characteristics: ''broadband'', ''multi-media'', ''multi-point'', ''multi-rate'' and economical implementation for a di ...
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Telekom Malaysia
Telekom Malaysia Berhad or simply TM is a Malaysian telecommunications company that was founded in 1984. Beginning as the national telecommunications company for fixed line, radio, and television broadcasting services, it has evolved to become the country's largest provider of broadband services, data, fixed line, pay television, and network services. TM ventured into the LTE (telecommunication), LTE space with the launch of TMgo, its 4G offering. TM's 850 Hertz, MHz service was rebranded as unifi Mobile in January 2018. TM represents one of the largest government-linked companies in the country, with more than 28,000 employees and a market capitalisation of more than RM25 billion. History Foundation and early years Much of the telecommunications infrastructure in Malaysia was damaged during the World War II, Second World War and the Japanese occupation of Malaya, Japanese occupation. In 1946, when the British re-established their position in Malaya, they repaired the tru ...
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IP Address
An Internet Protocol address (IP address) is a numerical label such as that is assigned to a device connected to a computer network that uses the Internet Protocol for communication. IP addresses serve two main functions: network interface identification, and location addressing. Internet Protocol version 4 (IPv4) was the first standalone specification for the IP address, and has been in use since 1983. IPv4 addresses are defined as a 32-bit number, which became too small to provide enough addresses as the internet grew, leading to IPv4 address exhaustion over the 2010s. Its designated successor, IPv6, uses 128 bits for the IP address, giving it a larger address space. Although IPv6 deployment has been ongoing since the mid-2000s, both IPv4 and IPv6 are still used side-by-side . IP addresses are usually displayed in a human-readable notation, but systems may use them in various different computer number formats. CIDR notation can also be used to designate how much ...
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