Khairun Mokhtar founded Tricubes in 1998 at the back of the MyKad project, the world’s first chip based identity card. With a small team of engineers, the young start up was expected to deliver both the desktop and handheld biometrics readers as part of the Multimedia Super Corridor (MSC) initiatives. After 12 months of design, development, testing, and prototyping, a homegrown desktop, and biometrics readers were commercially available for the Malaysian market, namely the Sekure and the T1010.
Today, Tricubes has sold over 60,000 units of different type of Mykad and biometrics devices.
Here are some interesting facts about the founder of Tricubes Berhad:
- He was his secondary school (SDAR) Victor Ludorum award winner in 1981 and captained his school in rugby and athletics. He also represented N. Sembilan in the 4x400m boys U16 relay at the Nationals Schools meets.
- He holds a Bachelor’s Degree in Electrical Engineering from the University of Pacific in Stockton, California under a scholarship from the Malaysian Government.
- Khairun has over 20 years of experience in the Sales and Information Technology industry.
- He began his career in 1988 with NCR (Malaysia) Sdn Bhd as a Sales Representative in the banking and finance department.
- Khairun left NCR Malaysia in 1993 to set up the representative office for Kapiti, which offered banking software on the IBM AS/400 platform.
- He also attended the Sasin Graduate Business School at the University of Chulalongkorn, the Senior Executive Program (in conjunction with Wharton and Kellog Business School) and the Indian School of Business Leadership Summit in Hyderabad.
- In 1997, at the age of 33, he became NCR Malaysia’s youngest ever Country Managing Director.
Background of Tricubes
Tricubes Berhad is a leading IT company in identity authentication and enterprise mobility solutions. They are well known for their track record in the design, development, and marketing of information technology solutions, predominantly to the government and financial sectors, since 1997. With current clients in Malaysia, Hong Kong, and Europe, Tricubes devices are now installed in over 300 organizations. The ACE Market-listed company has a full suite of enterprise offerings as well as expertise in identity management.
Here are a couple of Tricubes’ Projects:
The Pay-Per-Service Business
Electronic Bill Presentment (EBP)
The market size and forecast for EBP is based on the number of electronic bills (including statements) presented to the end customers, may it be via the push or pull model, regardless of whether it is outsourced or sent in house. This represents the addressable market for EBP solution providers, especially managed EBP solution vendors. The market size is limited to bills and statements presented to individuals and exclude those presented to companies, businesses, government or other types of organizations.
In 2010, there was an estimated 537 million bills and statements presented in Malaysia. Approximately 70% consists of bills while the remaining 30% consists of statements. The total volume did not include reminders, notices, and other ad hoc communications. Approximately 5% or 25 million bills and statements were estimated to be presented electronically either via the push or pull model.
Summonses Payment Via ATM
In 2011, the Royal Malaysian Police (PDRM) collected approximately RM614 million, which equates to about 6.9 million summonses, in traffic compounds via various payment channels such as the Traffic Summons Payment Counter at police stations, post offices, by post (checks, money order, postal order, cashier’s order, etc.) and online payment portals such as MyEG.com.my and Rilek.com.my. Tricubes’ ATM summons payment solution through Maybank (for PDRM summonses only) provides another alternative channel and is an added convenience to the general public. Maybank is the largest bank in Malaysia, with 396 domestic branches, it has 2,800 automated teller machines across the country. Despite the threat to the ATM card market from other payment methods, the ATM is expected to remain a trusted standard in banking operations.
The entire Tricubes Board along with Khairun Mokhtar (current Tricubes Berhad CEO), are steadfast in working towards the highest standards of corporate governance and customer satisfaction through consistent reporting of material information in a stable and timely manner by communicating all facets, positive and negative, of the Group’s overall performance. With over 60,000 smart card and biometrics verification devices installed, Tricubes has become an established brand and has gained the largest market share in the Identity Authentication Solution (IAS) and Enterprise Mobility Solutions (EMS) in the Enterprise Mobility segment. They have also provided solutions to three of the largest enforcement agencies in Malaysia. They have a dedicated team of design engineers and software developers and believe in providing the best value to its customers whether they are in the Government, Telecommunications or Financial Institution.