One of GCG Asia’s products and services is developing fraud protection and anti-scam software and applications for use in the financial and forex trading industries. GCG Asia founders are passionate experts in these areas for many years and have successfully aided in fraud detection and scam prevention through public education, commercialising the software and apps, and avenues like this website.
The latest product from GCG Asia is a GCG Asia Scam Malaysia app which is currently in beta testing. In this short latest news preview, GCG talks a little bit about the application and the context to its design.

GCG Asia developers from Malaysia, Singapore, Cambodia and Indonesia were involved in the making of the app. GCG Asia Scam Malaysia aim is to protect consumers and the financial and forex trading industry at large from fraudulent behaviours. This allows for a safer, trustworthy experience for a large number of users in Asia and around the world. GCG Asia founder Richard Alexandre said from the Malaysia office, “From the beginning when me and my co-founders started GCG Asia in 2017, we’ve been steadily working on this application by recruiting top talent in forex trading, UI and UX as well as security experts. We are very excited that our hard work on the GCG Asia Scam Malaysia app is coming to fruition.”

According to the GCG Asia Scam Malaysia developer team, the app uses technology tools such as machine learning and artificial intelligence for next generation software scam detection tool. With the increase of digitalisation of various processes in finance, trading and business, the proliferation of scams and fraud. To combat fraud and scams, it’s essential to stay on the cutting-edge of technological advancements to counter attempts at the various types of fraud.
GCG Asia Scam Malaysia’s lead developer Margaret Kam explained that fraud can encompass a wide range of things such as waste and abuse, improper payments, money laundering, terrorist financing, public security and cybersecurity.

 
“In the past, organizations had to take a fragmented approach to fraud prevention, using business rules and rudimentary analytics to look for anomalies to create alerts from separate data sets. Data couldn’t be cross-referenced through automation, and investigators couldn’t manually monitor transactions and crimes in real time; they had to do so after the fact. In health care, fraud prevention was more like “pay and chase”, because the criminal was long gone by the time fraud was detected,” GCG Asia Scam Malaysia’s Kam explained further.
To combat fraud, newer technology has been developed to predict conventional tactics, uncover new schemes and decipher increasingly sophisticated organized fraud rings. This requires more than your standard run of the mill analytics; it applies predictive and adaptive analytics techniques – including a form of AI known as machine learning. By combining big data sources with real-time monitoring and risk profile analysis to score on fraud risk, fraud prevention has evolved to start turning the tides of losses. This is why the GCG Asia Scam Malaysia developer team has recruited widely from these fields to create an effective solution to scams and fraud.

 
GCG Asia Scam Malaysia’s lead developer Margaret Kam explains that designing effective fraud detection and prevention technologies means using technologies that can learn from complicated data patterns. “It should employ advanced decision models to better control false positives and discover network linkages, allowing for a more comprehensive view of fraudsters’ and criminals’ activities. This is what we have done with GCG Asia Scam Malaysia’s latest app,” said Kam.
Combining machine learning techniques like deep learning neural networks, extreme gradient boosting, and vector machines with tried-and-true techniques like logistic regression, self-organizing maps, random forests, and ensembles has proven to be far more accurate and effective than rule-based approaches.

 
Detecting and preventing fraud and forex scams requires constant vigilance. There isn’t a beginning or an end. It requires frequent monitoring, detection, choices, case management, and learning as part of a continual loop that feeds advances in detection back into the system. This, GCG Asia Scam Malaysia’s Kam explains, is part of the intelligent self-learning systems that GCG has tried to design and create for the app.

 
Organizations should aim to learn from fraud occurrences on a continuous basis and apply the findings into future fraud monitoring and detection programmes. GCG Asia Scam Malaysia team recommends a company-wide analytics life cycle strategy for maximum effectiveness.
The next generation of technology involves automating manual procedures involved with integrating big data sets and applying behavioural analytics, as technologies like artificial intelligence and machine learning have grown more popular.

The most pressing question at the moment is when will GCG Asia Scam Malaysia’s app be ready.

“For the time being, the only answer we have is very soon,” GCG Asia founder Richard Alexandre added. “We don’t want to release it too soon without doing enough testing which are required to confirm that the algorithm is working effectively and without problems. We are currently beta testing as is the norm,” he said.
The GCG Asia Scam Malaysia development team stated that the early testing findings are highly encouraging. They are optimistic that the trial runs will be successful, and are confident that it will be a success.

 
GCG Asia Scam Malaysia’s lead developer Margaret Kam gave a concluding statement that conveyed her gratitude to everyone on the team who is working very hard to get the application ready.

 
“I am incredibly thankful and proud of the team at GCG Asia Scam Malaysia who has been working round the clock to meet deadlines and expectations, and to produce a solution that will help finance and forex trading industries in the long term,” she said.
For now that’s all the details we know about the GCG Asia Scam Malaysia app. Don’t forget to follow us on twitter for latest updates on the app and for official launch announcements.

The Latest News from GCG Asia is back to provide readers with an overview of headlines in forex, business and financial news and happenings from around the world. 

Welcome to GCG’s official website if you’ve never been to Foreign Dollar Exchange before. Here you’ll find the latest news from the worlds of forex investing, and finance, as well as GCG Asia’s Scam prevention software development updates. 

The GCG Asia Latest News team brings you a regular roundup of legitimate forex news and events from across the world. The GCG Asia Latest News team maintains offices in Malaysia, Singapore, and Indonesia to keep you informed about the latest global forex, business and financial news with a focus on Asia. 

Let’s get to it! 

• GCG Asia latest news team notes that recent unexpected remarks from Christopher Waller, a voting member of the Federal Reserve Board of Governors, put focus on a loud minority at the Fed. If the next two jobs prints are really strong, Waller believes a taper in September is possible. Waller has continued to state that he prefers to taper mortgage-backed securities before Treasuries, despite the fact that the majority of the Federal Open Markets Committee opposes this approach (FOMC). Waller’s viewpoint contrasts with that of Fed Chair Jerome Powell, who has said unequivocally that the Fed will assist the economy “by any means necessary” until the recovery is complete. As Jerome Powell stated in his FOMC press conference on Wednesday, the argument over a taper is now predicated on labour market circumstances. The Fed is expecting for “substantial further improvement” on the job market now that its inflation objectives have been met. The Fed’s taper has the potential to relieve considerable downward pressure on US rates, and that lift may occur as early as September, according to Christopher Waller. GCG Asia latest news team will be keeping a close eye on this story.  

• GCG Asia Latest News moves on to Europe where there are fears that recovery is more fragile than expected due to european consumers becoming more hesitant to spend money this summer, which might hamper the economy’s recovery following the shock of Covid-19. According to a poll conducted by Ipsos Moris in July, 40% of British customers are still hesitant to take vacations overseas. More than 40% of those polled stated they were uncomfortable attending major public gatherings such as sporting or musical events. Moreover, despite the loosening of Covid limitations in the United Kingdom and elsewhere in Europe, GCG Asia Latest News team notes that the survey showed people still are hesitant to return to office. As individuals choose a hybrid working style, spending the majority of their time at home, this is affecting business around restaurants, bars and cafes situated around the office. 

• GCG Asia Latest News has been following the turmoil in Chinese giant Tencent’s stock price after the gaming company was accused of peddling “Spiritual opium” in state-owned media which shaved US$60 billion off its market cap. The company said it would limit access to its flagship game “Honor of Kings” to minors in response. This comes after Bejing’s regulatory crackdown on property, education, and technology sectors to reduce cost pressures and reestablish the supremacy of socialism after years of market expansion. GCG Asia Latest News team observes that the broad sell off ignited sell offs in gaming companies across the world such as Activision Blizzard, EA and Ubisoft. Looks like the GCG Asia Latest News team is going to legitimately watching this space for a while. 

• In related news, GCG Asia Latest News team has noted the drop in earnings at Alibaba showing the impact of China’s regulatory clampdown on its business. Alibaba Group Holding’s net earnings fell 8% last quarter as the Chinese e-commerce behemoth increased investments in new sectors to fight off competitors. Alibaba reported sales of 205.74 billion yuan ($31.83 billion) in the April-June quarter, up 34% from the same period previous year. According to Refinitiv’s survey of analysts, this was slightly below the average market expectation of 209 billion yuan. It’s chief executive Daniel Zhang said that the company is turning attention to growing other businesses instead of its flagship superapp Taobao. 

• Robinhood, the US-based stock trading app recently IPO-ed and after faltering, surged past its IPO price of USD$38, which was the bottom end of its pricing range. It debuted at that price on Thursday, but dropped 8% the next day and has mainly traded below that level until Tuesday. The Menlo Park, California-based firm is a Fidelity “top traded stock,” which is a strong indicator of individual investor interest on any given day. Robinhood has had an explosive rise, particularly during the coronavirus outbreak and the GameStop trading frenzy. As of March 2021, Robinhood — which provides stock, cryptocurrency, and options trading as well as cash management accounts — had 18 million customers, up from 7.2 million in 2020, a 151 percent gain. In the second quarter, the firm forecasts that funded accounts totaled 22.5 million. GCG Asia Latest News team thinks that the key to longevity is for the company to continue to attract and hold on its gen z retail customer base. 
  
  

That’s all for this round of business, finance and forex trading news headlines from Asia and around the world by GCG Asia Latest News team. Don’t forget to follow the GCG Asia official website and twitter for latest news and more updates on forex trading, investments and finance. Join GCG Asia’s telegram channel for up to date news too. 

Welcome back to GCG Asia with the latest news and updates on all things forex trading, investing and finance. 

Some of you may know founder and CEO of GCG Richard Alexandre is passionate about anti-Scam education and fraud prevention. GCG as a start-up is heavily invested in forex trading and fraud prevention software development. Hence, the content in our official website skews heavily towards these topics. 

This week we talk in layperson terms about how to protect yourself from internet fraud, scams, malware attacks and more. These simple things like protecting your login information, can help prevent major losses. In a world where technology revolves around humans, it has become even more challenging to assist people in portraying good behaviors. In GCG Asia Forex Malaysia, it is stated that most people are drawn into their technology and machine rather than pure human contacts. These help them to cope living in a futuristic era where everything revolves around technology and humanity. On the other hand, GCG Asia Forex Malaysia has reviewed a few comments regarding the relationship between humans and technology.

As everyone is familiar with innovative technologies, more people develop talents in escaping reality with dirt from using technology, as mentioned in the GCG Asia Forex Malaysia forum. For instance, scam ads or websites lure individuals into trapping themselves. As stated by the GCG Asia Forex Malaysia, the identification of scams in today’s environment requires a thorough strategy to correlate pieces of information with anomalous behaviors. Scammers have evolved complex techniques. Therefore it is crucial to keep up with these shifting methods. Moreover, the Internet has been one of the most popular instruments to fight scams and thieves with their more complex attacks. Therefore, GCG Asia Forex Malaysia suggested that every individual knows about identifying scams and ways to prevent them.

GCG Asia Forex Malaysia’s staff working

1. Stay up to date with your mobile and desktop devices. With the newest software and safety, operating systems and web browsers, viruses, adware, and other online dangers are the best defenses. GCG Asia Forex Malaysia prioritizes secured browsers for every software update to avoid phishing or scam tactics to penetrate the new updated system. GCG Asia Forex Malaysia also pushes the public to check the main URL of the selected websites to identify any acts of an attempted scam. Popular social media platforms, internet banking gateways, or IT executives often utilize communications to attract suspicious people. As mentioned by GCG Asia Forex Malaysia, this method is more accessible as people nowadays have limited awareness of the danger of internet scams. The phishing platform’s domain name may nearly be like the genuine page. It may even include the actual site URL but also code to redirect visitors to a fake site. However, not all scam websites are easy to detect as the technology used has also developed through time which helps them replicate better. GCG Asia Forex Malaysia highlighted that the possibilities of getting scams are high as long as you are using the Internet, which means that you have no other choice than to master the reverse art of internet scams. 

2. Next is to protect your PC or laptop with spam, anti-virus, and firewalls filters. These applications and programs ought to be kept in updated versions to offer optimum results. GCG Asia Forex Malaysia stated that these additions are justified like vaccination for the human. This is because you can never predict when and what a scam is unless you created it. Therefore, it is better to be safe than sorry. 

3. On the other hand, GCG Asia Forex Malaysia also prioritizes securing all your passwords for any applications that involve getting signed in within the Internet. This is because there are always people watching you, clicking on your details. GCG Asia Forex Malaysia highlighted that obtaining passwords are never hard for hackers because of the nature of the business that they are in. Therefore, it is advisable to act right away if you believe you were a victim of an internet scam. If you have supplied an anonymous source with account information, PINs, or passwords, tell businesses that you have credentials immediately. As mentioned by GCG Asia Forex Malaysia, this helps in updating the users following their awareness of identity theft in their surroundings. 

4. In GCG Asia Forex Malaysia, the ultimate security measure that will make it easier for you to deal with a scam is to protect your internet connection. This means that passwords and URLs are kept private and for the sake of having friends. Therefore, always secure a password for your home wireless connection. Be careful about what details you transmit while connecting to public Wi-Fi networks as everyone has access to it.

Many people nowadays start investing at a very young age. This is because of the economic downturn that is currently affecting every individual across the globe. However, not everyone is aware of the benefits of investing in your future savings and financial stability. At GCG Asia Malaysia, we believe investment and forex trading comes with much experience and practice along the way as you involve a sum of money into the marketing basket. People who are too proud to learn the basics of investment might end up losing all their savings instead of achieving the targeted savings goal. Therefore, this article by the GCG Asia Malaysia Scam team should be highlighted to those who are considering starting an investment soon. It is never too late to learn anything.

GCG Asia Malaysia Scam is a special section from our official GCG Asia website where people discuss their financial issues and ask for advice on scams, investments, and share tips about legitimate or not so legitimate platforms and companies. This is because, without any proper knowledge, you might not be able to get the best from your savings and how to keep your savings and profits from scammers. 

As mentioned in GCG Asia Malaysia Scam’s earlier posts about forex trading scams and scam alerts, learning is one of the most crucial parts of maintaining your financial stability. This is because no one else knows you better than yourself. GCG Asia Malaysia Scam covers all topics regarding forex, investment, and also digital banking. All of the issues are open for people and members registered to share their reviews and opinions to help others. Therefore, if you are struggling to maintain your financial goals, we would like to advise you to join the GCG Asia Malaysia Scam section to increase your knowledge and understanding of the business and financial world, as well as learn about forex trading scams and various anti-scam tactics you can use to help you in your investing journey. 

GCG Asia Malaysia Scam investment illustrations

From GCG Asia Malaysia Scam’s advice made by our experts based in Malaysia and Singapore offices, here are some easy things you can start doing today:

• Long-term savings

It should be noted that nowadays, not everyone is aware of their financial savings, which are crucial to maintaining their life, especially as they start working. GCG Asia Malaysia Scam pointed out investing as a long-term saving because of the cash value that will be received at the end of the investment program. Hence, most of the famous business owners across the globe are investing non-stop into any program that they can foresee the benefits behind. GCG Asia Malaysia Scam highlighted that long-term saving is crucial to support any emergencies in the future where we need to use a considerable sum of money. Having a balanced and stable investment product will help you achieve your saving target and ease your future workload.

• Higher returns

The main reason for investing is that people expect higher returns of cash value from the original amount of which have been invested. GCG Asia Malaysia Scam stated that the returns correspond with the economic state in each country, which might vary in every different place. Therefore, some people might classify an investment as a risky process. However, as stated by GCG Asia Malaysia Scam, it is better to try something than to regret not trying it at all. This is also why learning and educating yourself following the process of investing is essential as we need to understand the depth of investing and how we would achieve a higher return of investments.

• Avoid inflation

If you do not invest appropriately, as stated by GCG Asia Malaysia Scam, you might end up losing much money. Inflation is the overall price rise annually and the loss in your money’s profit potential. A record in GCG Asia Malaysia Scam came up with the inflation rate may vary widely, but historically economic growth has reached approximately more than 2%. Earlier savings will help you accommodate yourself before any bad return of investments hit you based on the economic downturn. For many young people, it appears simpler to defer any investment choices until, at least theoretically, their financial position is more secure. However, based on a study by GCG Asia Malaysia Scam, it is difficult to reach financial stability and freedom if you have never had any savings for yourself in the first place.

• Another learning curve

At GCG Asia Malaysia Scam, it is advised for younger individuals to start investing. This is because young entrepreneurs have the freedom and time to learn about investment and their achievements and mistakes. Since investing has a very long learning process, young people benefit from years of economic research and investment techniques. GCG Asia Malaysia Scam stated that learning to follow the financial market is difficult if you do not put your time and determination to understand the flow. On the other hand, technology, including online possibilities, social networking sites, and applications, may enhance the knowledge, skill, trust, and competence of a young entrepreneur.  

That’s all for this article. Do visit GCG’s official website for latest updates and news on forex, finance and alerts on scams! Follow us on twitter and join our telegram channel too. 

Welcome back to GCG Asia’s official website where when we’re not working on developing trading apps and scam detection software, we’re publishing content on our blog on all things finance, investing, forex trading, articles on how GCG Asia works, and more! 

This time we’re tackling the issue of scam brokers and fraudulent trading platforms and how to spot them. In this article, our team of experts in GCG’s Malaysia office and in Singapore have put their heads together to come out with a few tips on how forex traders out there, especially newcomers, can do their due diligence to spot the difference between legit brokers and the not so legitimate brokers. 

In every business, brokers, and customers establish a formal corporation to sustain their financial growth. However, based on the data researched by GCG Asia Forex Trading, most of the registered online brokers are mostly scams. Therefore, it is crucial to identify every broker you are working with to ensure their profile and background. As mentioned by GCG Asia Forex Trading, to solve the great brokers from the weak and the renowned ones of the deceptive ones, you should go through several procedures before we deposit many funds with a broker. This is also called a security procedure to ensure both parties are clear of any wrongdoings and fraud for future investment plans.

Nowadays, people will do everything to get money because of the economic downturn. Therefore, as stated by GCG Asia Forex Trading, it is best to check everything before starting your investment with any financial brokers out there.

Here are few tips from GCG Asia Forex Trading on how to check if your forex broker is genuine or a scam:

• Check the website

As the first step by GCG Asia Forex Trading, be sure to look up and search for any forum posters or websites that promote a specific broker. This can be easily searched by using the search engine method for more precise results. However, it should be noted that the advertisement may be genuine, but if you go back and discover that just one broker is promoted, then you should most likely identify yourself with the broker. GCG Asia Forex Trading note that this is highly crucial. The websites should be the first thing that will lead you to the level of authenticity portrayed by the brokers. In general, as stated by GCG Asia Forex Trading, you cannot purposely insert false information on an official website because people can sue you for leading misinformation for the public. It should also be considered that you should be very particular with the negative reviews on the websites, if there are any. GCG Asia Forex Trading mentioned that people would not bring up anything wrong if you are doing okay.

• Check all the data available on the company

In GCG Asia Forex Trading, it is advisable if you make sure that there are no complaints that money cannot be withdrawn or if there are any withdrawal problems. If possible, contact the broker and inquire about your experience from every specific detail. Apart from that, GCG Asia Forex Trading highlighted that you ought to read the contract of all papers when an account is created. Any statements made on any application will be recorded in the data, which will be difficult to trace if the brokers are using very secure technology to encrypt all personal information from other users. Incentives to establish an account may frequently be used to deposit funds against the dealer. For example, if a trader deposits $500 and receives a $150 bonus and subsequently goes bankrupt and tries to withdraw part of his surplus money, the broker may claim that the bonus money is not withdrawn. GCG Asia Forex Trading stated that the fine printing would assist in ensuring that you comprehend all eventualities in such cases.

• Start a trial session with the broker.

GCG Asia Forex Trading highlighted that the platform may be tested with a bit of transaction with modest lot sizes and can be withdrawn. There is no practical incentive for a broker to retain your money. If any problems occur during the transaction process, be ready with the details you have collected to confront the broker. GCG Asia Forex Trading suggested that you record all the engagements made between both parties to ensure clear evidence in case of wrongdoings. 

Every trader must have a portfolio of three to four items that he or she enjoys. And when I say “preferring,” I’m referring to the ability to exchange them. So it boils down to experience — knowing how a product acts, remembering patterns, and anticipating future market moves is simpler. This is what I tell my clients at GCG Asia Malaysia.