FintechNews Malaysia

Fintech News Malaysia

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Banking

Hong Leong Bets on a Digital Bank for its Expansion into Vietnam

In a bid to capture foreign markets, Malaysian banks are increasingly turning to launching a digital bank as a strategy.

Banking Digital Transformation

How Are Malaysia’s 5 Largest Banks Responding to Fintech in 2019

Banks are often punching bags when one thinks of industries that are not innovating quick enough. When the term fintech

Payments

GrabPay Becomes First E-Wallet in Malaysia to Adopt DuitNow QR

PayNet and Grab jointly announced today that GrabPay has adopted Malaysia’s national QR payments standard, DuitNow QR; making GrabPay the

E-Wallets

Which is the Top E-Wallet in Malaysia?

iPrice and App Annie recently teamed up to compile data on which is the top e-wallet in Malaysia. Their findings

Various

RAMCI is The Latest in Experian’s Investment Spree into Data Companies

Experian, the global information services company announced this week that they have acquired a controlling stake in local credit bureau

Blockchain/Bitcoin

Luno Is The First Cryptocurrency Exchange to Receive Full Approval in Malaysia

The Securities Commission of Malaysia has given full approval to Luno’s application to operate as a Recognized Market Operator (Digital

WealthTech

New York Based Wahed Invest Approved to Operate Malaysia’s First Islamic Robo-Advisor

American-based Wahed Invest halal robo-advisory platform announced today that they have successfully obtained regulatory approval from the Securities Commission Malaysia

Crowdfunding

PitchIN’s First ECF Exit with MyCash Online Gives its Investors 44.2% Returns

A group of MyCash Online investors have recently accepted a buyout offer for their shares from VC company 500 Startups.

Various

Tranglo’s Minority Shareholders Sues Hong Kong Based “Unicorn” TNG Fintech Group

Minority shareholders of Malaysian based payments company Tranglo has filed an oppression suit against TNG Fintech Group which acquired 60%

Blockchain/Bitcoin

HSBC Succesfully Pilots Malaysia’s First Letter of Credit Transaction on the Blockchain

HSBC announced that it has successfully executed a live blockchain Letter-of-Credit (LC) transaction in Malaysia. The transaction involved the import

Digital Transformation

A Glance at Malaysia’s Fintech Friendly Budget 2020

Malaysia’s Budget 2020 was tabled last Friday, charting the economic direction of the nation. Broadly speaking, there were some hits

Virtual Banking

Budget 2020: Malaysia to Accept Virtual Banking License Application by 2020

During the tabling of Malaysia’s 2020 Budget, Finance Minister Lim Guan Eng announced that Malaysia’s much anticipated virtual banking framework

Payments

Touch ‘n Go E-Wallet Powers Cashless Payment Option For MULA’s E-Hailing Services

Touch ‘n Go e-wallet announced today that they have enabled customers of e-hailing app MULA to go cashless through their

Crowdfunding

Ata Plus Sees First Successful Equity Crowdfunding Exit with Skolafund

Skolafund, a crowdfunding platform for students in need announced that it has been completely acquired by one of Asia’s biggest

Banking

Hong Leong Bank Launches eToken with Biometric Recognition for Businesses

Hong Leong Bank unveiled a new, secure and seamless eToken for their Corporate and Small-to-Medium Enterprises (SME) customers. The eToken

Payments

Stripe Teams up with PayNet and Launches in Malaysia

Today, Stripe, a global technology company that builds economic infrastructure for the internet, announced its official launch in Malaysia. It

Lending

AlixCo P2P Financing Launches Business Financing for Malaysian Womenpreneur

While women entrepreneurship is on the rise, it is not without its struggles, women-led startups are still not getting funded

Insurtech

AXA Affin Unveils its Latest Digital Offering Targetting Young Families

Following the success of its earlier launch of their online medical card AXA eMedic in April 2018, AXA Affin today

Payments

What is The Role of Fintech in Asia’s Growing Remittance Market?

In 2018, a record high of US$ 689 billion worth of remittance was made and US$ 529 billion of which

Various

EPF Enables User to Invest in Trust Fund Directly from Its Platform with i-Invest

The Employees Provident Fund (EPF) today launched its latest offering, i-Invest. It is a self-service online platform that is accessible

Lending WealthTech

EdgeProp First Property Crowdfunding to Receive Approval in Principle from SC

The Securities Commission Malaysia (SC) today announced that it has registered EdgeProp Sdn Bhd (EdgeProp) as the first Recognised Market

E-Wallets

E-Wallet CEOs to Discuss the Future of Fintech at The Selangor Smart City Convention

Southeast Asia’s Premier Smart City and Digital Economy Convention is back for the fourth time as part of the overarching

Digital Transformation

UOB and The Finlab Selects 16 Local SMEs for Their Jom Transform Programme

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) today announced the 16 businesses selected to participate in The FinLab’s Jom Transform

Payments

BigPay Announces the Launch of Remittance Services

BigPay, Air Asia Group’s fintech focused company announced today the launch of their international remittance service, which enables users to

Payments

70% of Malaysians Prefer to Visit Shops that Accept Digital Payments, Visa Study Says

Digital payments are becoming the payment method of choice in Malaysia, with 70 percent of consumers preferring to visit merchants

Banking

Public Bank Launches New Mobile Banking App With DuitNow’s Universal QR

Public Bank released yesterday its new mobile banking app named PB Engage MY on Google Playstore and Apple App Store.

Blockchain/Bitcoin

CoinGecko Releases “Trust Score 2.0” to Improve Transparency Amongst Crypto Exchanges

Building upon the success of Trust Score, CoinGecko today announced Trust Score 2.0, which will bring about a more robust

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