FintechNews Malaysia

Fintech News Malaysia

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Payments

Malaysians Contribute Over RM250,000 Boost E-Wallet’s Tabung COVID-19 in 10 Days

Between 21 to 31 March 2020, Malaysians contributed a total of RM258,921.30 to the ‘Tabung COVID-19 by Boost’ fund to

WealthTech

Rakuten Trade See Swell in Userbase Amidst the COVID-19 MCO

Rakuten Trade, a fully digital equities broker reported a surged in user base during the Movement Control Order (MCO) Period.

Crowdfunding Insurtech

With Insurtech Demand Surging PolicyStreet Raises Funds Through Equity Crowdfunding

Despite the gloomy climate brought on by the COVID-19 outbreak, insurtech startup PolicyStreet is looking to fundraise through Equity Crowdfunding

Virtual Banking

Bank Negara Extends Virtual Banking Consultation Period Due to COVID-19 Distruptions

The deadline for much anticipated virtual banking framework has been extended to 30th June 2020, it is said that this

WealthTech

Robo Advisor MYTHEO Waives Management Fees

MYTHEO a robo-advisor regulated by the Securities Commission Malaysia issued a statement assuring investors their business remains capable of serving

Lending

Funding Societies Offers SMEs Deferments to Help Ease Cash Flow Challenges

Funding Societies, P2P financing platform, is stepping up efforts by offering deferment or rescheduling options to help tide small and

Various

Fintech Industry Group Lays Out Specific Aid It Needs from The Government to Survive

Fintech Association of Malaysia issued a statement urging the Malaysian government to help fintech startups survive the MCO and ride-out

Blockchain/Bitcoin

SINEGY Receives Full Approval from Securities Commission to Operate a Crypto Exchange

SINEGY announced today that they have been granted full approval by the Securities Commission Malaysia to operate its Digital Asset

Crowdfunding

MDEC Teams up with Crowdfunding Platforms to Raise Funds for COVID-19 Frontliners

While most Malaysians are practising social distancing and working from home due to the COVID-19 outbreak, our healthcare frontliners are

Payments

GHL Launches Service to Help Brick & Mortar Businesses Get Online in 3 Days

GHL Systems Berhad (GHL) and its online payments arm, GHL ePayments Sdn Bhd (eGHL), announced the launch of a brand

Various

3 Ways That Grab is Helping to Tackle the COVID-19 Crisis in Malaysia

COVID-19 has no doubt proven to be one of the greatest adversity that our nation has faced in recent times.

Various

Labuan IBFC’s Financial Services Community Band Together to Combat COVID-19

Labuan International Business and Financial Centre, Labuan IBFC’s financial services and intermediation community have come together to assist local authorities

Insurtech

foodpanda Partners with Insurtech Startup PolicyStreet to Provide Protection for Riders

Amid the outbreak of COVID-19 in Malaysia, foodpanda has partnered with insurrtech PolicyStreet to provide additional coverage for to provide

WealthTech

Saxo Markets Launches Malaysian Equities for Investors

Saxo Markets, a fintech focused on multi-asset trading and investment, today announces the launch of Malaysian equities on Saxo platforms

Payments

Boost’s Tabung COVID-19 Enables Malaysians to Donate to Frontliners Using Their E-Wallet

Homegrown e-wallet Boost today announced the introduction of Tabung COVID-19 by Boost, a donation fund to help ease the burden

Various

Experts Share Their Views on How Fintechs Can Navigate the COVID-19 Crisis

The COVID-19 pandemic has proven to be a strain, not just on our healthcare systems, but also on the global

Various

Axiata, Celcom and Boost Launches RM150 Million Fund to Aid Micro-SMEs Impacted by COVID-19

Axiata Group alongside its subsidiaries edotco and Axiata Digital announced the launch of a RM 150 Million cash funds to

Cyber Security Virtual Banking

The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio

Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model.

Digital Transformation

What Malaysia Can Learn from China in Battling COVID-19 Using Digital Technologies

The novel coronavirus, now known as Covid-19, was first discovered in the city of Wuhan, China, in December 2019. In

Blockchain/Bitcoin Digital Transformation

Why TM ONE is Going Big on Blockchain to Eliminate Passwords

Early this year, the business solutions arm of Telekom Malaysia Berhad (TM), TM ONE announced a collaboration with Korean-based blockchain

E-Wallets

BigPay is The Latest to Join PayNet’s Universal DuitNow QR

BigPay, announced today its participation in the DuitNow eco-system operated by Payments Network Malaysia (PayNet). BigPay users will soon be

Various

Tengku Zafrul Resigns as CIMB Group CEO to Take on Role Of Malaysia’s Finance Minister

CIMB today announced that Tengku Dato’ Sri Zafrul has resigned as its Group CEO and CEO of CIMB Bank Berhad

Virtual Banking

Li Ka-Shing Backed AMTD Seeking Digital Banking License in Malaysia

Hong Kong-based AMTD revealed in an interview that they are seeking a digital banking license in Malaysia. AMTD is an

Lending

Genting Ventures Invests in hoolah’s Series A Round Shortly After its Entry into Malaysia

hoolah, a Singapore based company, has finalized a commitment for an eight-figure Series A investment round, led by Allectus –

Virtual Banking

Bank Negara Malaysia Issues Updated Virtual Banking Draft

Following the first exposure draft for the regulatory framework for virtual banks in Malaysia published in December 2019, Bank Negara

Blockchain/Bitcoin

Luno Launches Ripple (XRP) Trading in Malaysia

Luno, a digital asset exchange license by the Securities Commission Malaysia announced today the that Ripple (XRP) will be made

E-Wallets Insurtech

Boost Offers Malaysians Free Insurance Coverage For COVID-19

Boost together with Prudential announced a joint initiative to help protect Malaysians by providing free COVID-19 coverage exclusive to Boost

Blockchain/Bitcoin Crowdfunding

After Leading the Equity Crowdfunding Market for 3 Years, pitchIN Sets its Sights on IEO

pitchIN revealed today in its annual Equity Crowdfunding Report that the company continues to lead the equity crowdfunding market for

E-Wallets Payments

Merchantrade Receives BNM Approval to Increase E-Wallet Limit Size to RM 20,000

Merchantrade announced today that their multicurrency e-wallet has obtained regulatory approval to increased its wallet size from RM 10,000 to

Regtech/Regulation

Securities Commission and Bursa Malaysia Sets up a Regulatory Subsidiary

The Securities Commission Malaysia (“SC”) and Bursa Malaysia Berhad (“Bursa Malaysia”) announced Tuesday that Bursa Malaysia will establish a wholly-owned

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