Fintech News Malaysia
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Seedflex Expands Footprint to Malaysia With Seed Funding From 500 Global
Singapore-based fintech Seedflex Technologies has launched a new digital financing solution, “Pay-As-You-Sell Advance” (PAYS Advance), in Malaysia, with plans to
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EPF Divests Shares in Affin Bank, No Longer a Major Shareholder
The Employees Provident Fund (EPF) has divested three million shares in Affin Bank, relinquishing its status as a substantial shareholder,
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CIMB Group CEO Dato’ Abdul Rahman Resigns, Poised to Take Helm at PNB
CIMB Group announced that Dato’ Abdul Rahman Ahmad will resign as Group CEO effective 30 June 2024, concluding a four-year
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RHB and Boost Holdings Collectively Invest RM9.5 Million in Digital Bank
RHB Bank has announced an investment of RM3.8 million to purchase 3.8 million new shares in Boost Bank, in order
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Travel Insurance Starting at RM3/Day Now Available on Shopee
SeaMoney, the financial arm of Sea Limited, has expanded its insurance offerings in Malaysia by launching a new travel insurance
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BNM Orders CIMB and Maybank to Explain Recent Service Disruptions
Bank Negara Malaysia (BNM) has ordered CIMB and Maybank to deliver a comprehensive account of the root causes behind the
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Unmasking the Deepfake Scam Threat in the Financial Sector of Asia
In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam
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Tranglo Enables Direct Payments to Over 30 Global E-Wallets
Cross-border payment hub Tranglo has expanded its services to allow instant, direct cross-border payments to over 30 e-wallets worldwide. This
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Touch ‘n Go eWallet to Charge 1% Fee for Overseas QR Payments
Touch ‘n Go eWallet will implement a 1% conversion fee for overseas transactions starting 25 April 2024, according to its
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Rohit Nambiar Resigns as Group CEO of Tune Protect
Rohit Nambiar, the Group Chief Executive Officer of Malaysian insurer Tune Protect has resigned from his position citing personal reasons,
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Standard Chartered’s Axess Academy Prepares Banking Staff for the Digital Age
In an era where the digital revolution is reshaping the landscape of the banking industry, Standard Chartered is looking to
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Maybank Halts RM6.4 Million in Potential Scams Through Branch Efforts in 2023
Maybank successfully prevented financial losses amounting to RM6.4 million for its customers in 2023, targeting scams executed via its branch
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GXBank Offers Limited-Time 5% Interest on Savings Pockets for Hari Raya
Malaysia’s first digital bank, GXBank, has introduced a new incentive for its Savings Pockets customers, offering a 5% per annum
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FinDoc and CTOS Join Forces to Leverage AI in Loan Screening for Malaysians
Malaysian fintech firm FinDoc and CTOS Data Systems, a local credit reporting firm, have officially partnered to refine loan eligibility
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Kapital DX Debuts RM150 Million Tokenised Shariah-Compliant Offering
Kapital DX Sdn Bhd (KLDX), a multi-asset fundraising and investment platform, has introduced its inaugural product offering – a RM150
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Jaya Grocer Employees Gain Financial Flexibility with Paywatch’s On-Demand Pay
Jaya Grocer, a prominent supermarket chain in Malaysia, has announced a new partnership with Paywatch, a provider of earned wage
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Ex-AmBank CEO Datuk Sulaiman Tahir to Lead Bank Pembangunan as New Chairman
Bank Pembangunan Malaysia has appointed Datuk Sulaiman Mohd Tahir as its chairman and independent non-executive director, effective 20 March 2024,
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Ant International Partnership to Boost Digital Growth for Capital A’s Businesses
Ant International has teamed up with Capital A, the parent company of AirAsia, to initiate a strategic partnership aimed at
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HSBC ASEAN Growth Fund Targets Scaling Digital Companies with US$1 Billion
HSBC has unveiled a US$1 billion ASEAN Growth Fund that targets six of the region’s most rapidly developing countries, aiming
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Muslims From KL, Penang, and Sabah Can Now Pay Zakat Through Touch ‘n Go eWallet
The Federal Territory Islamic Religious Council (MAIWP) has named TNG Digital, the operator of the Touch ‘n Go eWallet, as
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Soft Space Secures Pre-series C Funding From Japan’s GMO Financial Gate
Malaysian fintech Soft Space has secured an investment from GMO Financial Gate, Inc. (GMO-FG), a major player in Japan’s payment
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SC Malaysia’s 2023 Annual Report: 5 Key Fintech Developments You Need to Know
The Securities Commission (SC) of Malaysia today unveiled its annual report for 2023, offering an in-depth analysis of the capital
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Bursa Malaysia Rules Out Offering Crypto on Its Multi-Asset Exchange Platform
Bursa Malaysia has ruled out offering cryptocurrencies on its multi-asset exchange platform, according to a report by the New Straits
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GXBank Now Offers DuitNow QR Payments
Malaysia’s first digital bank, GXBank, has broadened its offerings by introducing QR code payments. Customers can now use DuitNow QR
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Redefining Resilience for Banks in the Digital Era With the Four Zeros
The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations
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Here Are 5 Key Takeaways from BNM’s 2023 Annual Report Released Today
Bank Negara Malaysia (BNM) had unveiled its Annual Report 2023 today, offering insights into the major advancements and regulatory measures
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Rize Offers In-App Personal Loans up to RM250,000
Al Rajhi Bank Malaysia’s digital banking arm, Rize, has introduced a Personal Financing-i campaign accessible through an in-app application without
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Airo Debuts Shariah-Compliant Investment Portfolios for Malaysian Investors
Malaysian digital investment platform Airo has introduced a range of new Shariah-compliant investment opportunities to local investors. The portfolios introduced
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Overcoming Recurring Billing Challenges: A Case Study on Advanced Payment Solutions
The digital payment landscape in Malaysia is evolving rapidly, but many businesses, such as insurance companies, property management firms, and
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Bank Rakyat Launches New Sandbox to Drive Fintech Partnerships
Bank Rakyat has launched its sandbox platform to drive innovation in the finance sector by facilitating stronger partnerships with fintech
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