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MDEC & Bank Negara Malaysia Launches Fintech Capacity Building Program

The Malaysia Digital Economy Corporation (MDEC) together with Bank Negara Malaysia today launched the Fintech Booster Programme. The program was

Banking

RHB Launches AI-Powered SME Financing App

RHB announced today the launch of RHB Financing (SME) Mobile App, which they described as an “AI-powered” and “customer self-initiated”

Blockchain/Bitcoin

Bursa Malaysia Trialing Blockchain Powered Bonds Marketplace with Singapore’s Hashtacs

Bursa Malaysia is said to be partnering with Hashstacs to co-develop a blockchain Proof-of-Concept project dubbed “Project Harbour” for its

E-Wallets

Fasspay’s White Label E-Wallet Solution Receives BNM Approval for RM 10,000 Limit

Fasspay an e-money license holder regulated by Bank Negara Malaysia, has received the regulator’s approval to support a set of

Islamic Fintech

MDEC Chairman Stresses Need for Comprehensive Fintech Ecosystem in Malaysia

For fintech to thrive and reach its full potential, Malaysia must establish a conducive and comprehensive fintech ecosystem where all

Huawei Aims to Help Banks Unlock Data-Driven Intelligent Finance at Its Virtual Summit

Huawei announced that it will be hosting its APAC Financial Industry Storage Summit 2020 on the 13th August 2020. The

Lending

U Mobile to Offer Funding Societies’ P2P Financing Solution to SMEs Via GoBiz

Telco operator U Mobile announced a partnership with Funding Societies to offer business financing solutions for Malaysian micro, small and

Crowdfunding

ECF Platform Ata Plus Sees 15% Stake Acquisition from NASDAQ Listed Firm

Ata Plus, an equity crowdfunding platform approved by the Securities Commission Malaysia announced that GreenPro Capital Corp, a NASDAQ-listed firm

Banking

HSBC Launches Digital Account Opening in Malaysia Following BNM’s New eKYC Regulation

HSBC Malaysia announced the launch of its digital account opening service, claiming that it is the first bank to do

WealthTech

PNB Teams Up With Raiz To Launch an App That Helps You Invest Your Spare Change

Permodalan Nasional Berhad (PNB) announced on Thursday the launch its micro-investing app Raiz. Raiz is a micro investing mobile app

Blockchain/Bitcoin

SC to Seek Feedback on Regulatory Framework for Digital Asset Wallet Providers

The Securities Commission Malaysia (SC) is seeking industry feedback on the regulatory framework for digital asset wallet providers, which will

Lending

Fundaztic Launches Malaysia’s First Peer-to-Peer Financing Secondary Market

Fundaztic a P2P financing platform operator, has officially rolled out their secondary market. This offers over 20,000 members of Fundaztic

Digital Transformation

UOB Finlab’s Jom Transform Goes Digital This Year

UOB Malaysia’s innovation accelerator The FinLab has launched a regional digital platform to where local SMEs and start-ups can start

Blockchain/Bitcoin

Securities Commission Malaysia Adds Binance to Investor Alert List of Unauthorised Entities

Securities Commission Malaysia (SC) today added the popular crypto exchange platform Binance to in its investor alert list which warns

Various

What is MDEC’s Game Plan for Fintech in Malaysia

MDEC is a name that is familiar to most in Malaysia as the agency that acts as an enabler for

Lending

GHL Gets Nod to Start Lending Operations in Philippines

GHL Group Berhad announced today that its Philippines arm has received approval for the Philippines Securities and Exchange Commission to

Blockchain/Bitcoin

Securities Commission Malaysia Cautions Against Illegal Crypto ATMs

The Securities Commission Malaysia (SC) cautioned the public against the usage of Crypto ATMs. Crypto ATM are machines that allows individuals

E-Wallets Financial Inclusion

Instapay Launches an E-Wallet for Migrant Workers Eyes 100,000 Users

Instapay announced today the launch of an e-wallet service that is targetted at the migrant worker population. The company holds

Blockchain/Bitcoin

Luno Malaysia Launches Litecoin on Its Platform

Following the introduction of XRP, Luno announced today that it has added Litecoin (LTC) to its trading platform. This is

Payments

Adyen Expands Acquiring Capabilities to Malaysia

Adyen, a global payments platform, today announced the expansion of its acquiring capabilities to include Malaysia. They said that this

Banking

Hong Leong Saw 13x More E-Wallet Top-Ups During MCO

The COVID-19 pandemic has fundamentally changed the way we live resulting in mass digital adoption as we rapidly shifted to

Insurtech

Finology Lands Partnership with Zurich for Road Tax and Motor Insurance Renewal Services

Over two million Malaysian road taxes remain expired since the Road Transport Department (JPJ) counters closed during the Movement Control

Virtual Banking

How Will Virtual Banks Shape the Way Malaysians Bank

As consumers behaviors shift to becoming increasingly digital, the financial services industry is forced to cater to changing nature of

E-Wallets Insurtech

Boost and Aspirasi Launches Micro-Insurance Underwritten by Great Eastern Life Assurance

Axiata Digital’s e-wallet Boost and its digital financing platform Aspirasi announced today the launch of “Aspirasi Protect” – a microinsurance

Digital Transformation Virtual Banking

Bank Negara Malaysia Unveils New eKYC Guidelines Ahead of Its Virtual Banking Framework

Bank Negara Malaysia issued its policy document on Electronic Know-Your-Customer (e-KYC) on Tuesday, which follows their earlier exposure draft in

E-Wallets Payments Virtual Banking

Great Eastern Invests US$70M in Axiata Digital — The Largest Fintech Investment in Malaysia Yet

Axiata Digital the digital services arm of telco operator Axiata Group today announced a strategic investment of US$ 70 Million

E-Wallets

Mastercard: Malaysia Leads South East Asia in E-Wallet Adoption (No, Not Really)

By now you’ve probably seen the headlines plastered across multiple media outlets stating that Malaysia is leading South East Asia

Why Wi-Fi 6 Could Be Crucial to Banks in a Post-Pandemic World

As COVID-19 accelerates digital transformation across the globe, the financial services industry is finding it increasingly crucial to rapidly roll

Payments

BigPay Adds Vietnam and Australia to its Remittance Corridor

BigPay announced today the addition of two more new corridors for its international remittance service — Vietnam and Australia, with

Virtual Banking

MACROKIOSK and Silverlake Collaborate to Tap into Virtual Banking Opportunities in Asia Pacific

MACROKIOSK today announced that it will be collaborating with Silverlake to support virtual banks in Asia Pacific. In this partnership,

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