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Payments

Fave Rolls Out DuitNow QR Offering for Its 6 Million Users

Fave, Southeast Asia’s payments app, has emerged as another non-bank participant to offer DuitNow QR, Malaysia’s national QR standard to

Digital Transformation Sponsored Press Release

Huawei Vows To Enable Digital Ecosystem-Based Finance in APAC

Huawei held its first virtual Asia-Pacific Intelligent Finance Summit 2021 with the theme “Accelerate Digital Transformation in Banking, New Value

Various

Hong Leong Eyes ESG Solutions for Its Upcoming Hackathon

Hong Leong Bank is calling all budding disruptors to join its ‘Can You Hack It’ Virtual Hackathon ASEAN Edition 2021

Virtual Banking

Sarawak Emerges as the Third State To Bid for Digibank License With Kenanga, Revenue Group

The state government of Sarawak has joined forces with Kenanga Investment Bank and Revenue Group to submit an application for a

Regtech/Regulation

CIMB Rolls Out eKYC for Its First Fully-Digital Islamic Savings Account ‘OctoSavers’

CIMB Bank and CIMB Islamic Bank have launched the CIMB OctoSavers Savings Account-i, its first all-digital Islamic account where the

WealthTech

U Mobile’s E-Wallet GoPayz Launches GoGold to Offer Digital Gold Purchase From RM5

Malaysian telecommunications service provider U Mobile’s standalone e-wallet GoPayz has collaborated with gold bullion trader ACE Capital Growth (ACE), a

WealthTech

iFAST Malaysia’s FSMOne Offers Investment Opportunities in US and HK-Listed Securities

Singapore’s wealth platform iFAST Corporation announced that the group’s Malaysian operation, iFAST Capital, has launched trading capabilities in US and

Blockchain/Bitcoin

Binance and CZ Faces Enforcement Action from SC For Illegal Crypto Activities in Malaysia

The Securities Commission Malaysia (SC) today announced enforcement actions against Binance for illegally operating a crypto exchange in Malaysia. The

E-Wallets

Boost Rolls Out Automated Recurring Bill Payments

Homegrown e-wallet Boost has introduced three new bill payment features to provide Malaysians with the ability to pay their bills

Virtual Banking

Sabah and Pahang Revealed to Be PUC’s Consortium Partners for Digibank License Bid

Publicly listed PUC Berhad, the e-commerce platform that was formerly known as 11street, revealed that Sabah and Pahang are the

Security Sponsored

Synthetic Identity Theft Rises in Southeast Asia

Simply stated, synthetic identity theft is when a fraudster combines the personal information of different real-life people to create an

Regtech/Regulation

UOB Malaysia Rolls Out in-App Digital Account Opening

UOB Malaysia announced the launch of a digital account opening service that enable customers to open a personal bank account

E-Wallets Insurtech

AIA Malaysia Takes a Minority Stake in TNG Digital, Reportedly Valuing It at RM3 Billion

AIA Malaysia announced that it will be taking a minor stake in TNG Digital, the owner of Touch ‘n Go

Financial Inclusion Sponsored

Malaysia’s High Financial Inclusion Rate Only ‘on Paper’, Mambu Says

A recent study of 2,000 global consumers by Mambu, a banking and financial services platform, revealed that both banked and

Lending

BNPL Firm Atome Records 100X Order Volume Growth in Malaysia

Singapore-based buy now pay later (BNPL) platform Atome announced that its order volume in Malaysia has grown by 100X in

CIMB’s EVA Chatbot Is Now Available To SME Customers

CIMB Bank and its Islamic subsidiary have introduced the EVA chatbot for small and medium enterprise (SME) customers, a conversational

Covid19 Financial Inclusion Lending

Rebooting SME Banking in Southeast Asia

Despite playing a significant role in Southeast Asian economies, most small and medium-sized enterprises (SMEs) still have limited access to

Virtual Banking

Jirnexu Inked Deals With More Than Five Digital Banking Consortia

Malaysian fintech company Jirnexu announced that it has signed strategic partnership agreements with more than five consortia in their bids

Financial Inclusion

Are Gig Platforms Doing Enough to Promote Financial Inclusion?

Comprising over 75 per cent of employment in Southeast Asia, gig workers provide the horsepower to fuel the region’s meteoric

WealthTech

CapBay Introduces Guarantee Programme for P2P Investments Backed by a Reserve Fund

CapBay, a Malaysian P2P supply chain financing platform, launches CapBay Assure; a guarantee programme that protects an investor’s principal and

Virtual Banking

Malaysia Displays Strong Readiness for Digital Banking Services, Visa Study Says

Visa released new findings from its study which highlighted that over 74% are aware and 66 percent are interested in

Lending

Australia’s Fatfish Group to Roll Out its “PaySlowSlow” BNPL Services In Malaysia

Melbourne-based tech venture builder and accelerator Fatfish Group (FFG) announced that it is establishing a new retail Buy Now, Pay

Payments

BigPay Pushes Into Thailand With Acquisition of Gojek’s Thai Payment Business

BigPay is accelerating its entrance into Thailand following Airasia’s recent acquisition of Gojek’s Thailand business through its digital arm in

Funding Virtual Banking

MoneyMatch Raises RM 18 Million Led by KAF Investment Bank, Confirms Digital Banking Bid

Malaysian fintech startup MoneyMatch announced today the successful closing of its Series A fundraising round totaling MYR 18.5 million over

Lending

Atome Teams up With Pine Labs to Expand Its BNPL Acceptance in Malaysia

Singaporean Buy Now, Pay Later (BNPL) platform Atome announced that it has partnered with Pine Labs, an India-based merchant commerce

WealthTech

MIDF’s New Digital Investment Platform Allows Malaysians to Invest in US Stocks and ETFs

MIDF Amanah Investment Bank, a subsidiary of Malaysian Industrial Development Finance (MIDF), unveiled its online investment platform MIDF Invest which

Virtual Banking

Here Are All The Digital Banking Contenders in Malaysia (So Far)

Editor’s Note: This article was first written on 29th June 2021, was last updated at 11:00 am 5th July 2021

Virtual Banking

ANGKASA Joins Digital Banking Bid With Boustead to Serve 7 Million Cooperative Members

Angkatan Koperasi Kebangsaan Malaysia Berhad’s (ANGKASA) subsdiary MyAngkasa Digital Services, Boustead Holdings Berhad, and another party that they described as

Virtual Banking

Bank Negara Malaysia Received 29 Applications for Digital Banking License

Bank Negara Malaysia confirmed today in a statement that it has received 29 applications for a digital bank licence under

Virtual Banking

Presto’s Parent Firm PUC Bids for Digital Banking License with 2 State Governments

E-commerce platform PUC announced that it has formed a consortium with two unnamed state governments and a conglomerate to submit

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