Fintech News Malaysia

View More Posts

Latest Stories

Security

Kiplepay Cautions Users on Potential Data Breach Due to iPay88’s Incident

Kiplepay, an e-wallet service provider and a wholly-owned subsidiary of Green Packet, had informed its Kiple Visa Prepaid Card users

Various

Maybank Appoints Dr Siew Chan Cheong as New Group Chief Strategy Officer

Maybank announced that it has appointed Dr Siew Chan Cheong as its Group Chief Strategy Officer, effective 15 August 2022.

E-Wallets WealthTech

Touch ‘n Go Launches Digital Investment Platform GoInvest

Touch ‘n Go Group has launched GOinvest, its proprietary digital investment platform, which can be accessed through Touch ‘n Go

Digital Transformation

KPMG Partners With FAOM to Catalyse the Growth of the Malaysian Fintech Sector

KPMG in Malaysia and Fintech Association of Malaysia (FAOM) signed a Memorandum of Understanding (MoU) with the aim to catalyse

Islamic Fintech Sponsored

Bank Islam Partners With UK Islamic Fintech Kestrl to Expand Be U’s Personalised Solutions

Bank Islam Malaysia Bhd has chosen Kestrl, a UK based Islamic Fintech that offers personal finance solutions to Muslims, to

Security

BNM Says iPay88’s Data Breach Does Not Involve Banks’ Systems Vulnerabilities

Bank Negara Malaysia (BNM) said in a statement that forensic investigations are still ongoing with regard to the payment gateway provider

Payments Security

Banks to Heighten Cybersecurity Countermeasures After iPay88’s Breach

Malaysia’s iPay88 revealed in a statement that it had experienced a cybersecurity incident where card data may have been potentially

Cloud

Google Cloud to Set Up Infrastructure in Malaysia as Part of Massive Expansion Plan

Google Cloud announced that it plans to expand to Malaysia to meet growing demand for cloud services in Asia Pacific.

E-Wallets Payments

TNG E-Wallet Users Can Refuel at Shell With Contactless RFID Payments

Touch ‘n Go Group and Shell Malaysia has launched a new cashless experience that enables customers to pay for fuels

Lending

Gary Yeoh Joins Atome Malaysia as GM After a Short Stint at Fave

Buy now, pay later (BNPL) platform Atome announced the appointment of Gary Yeoh as its General Manager. With over 20

Payments

Apple Pay Makes Its Debut in Malaysia

Apple announced that its customers in Malaysia can now use Apple Pay with their iPhone, Apple Watch, iPad, and Mac.

Lending

MOF, BNM, SC Task Force Seeks Feedback for BNPL Regulation

The Consumer Credit Oversight Board Task Force today issued the Consumer Credit Act consultation paper, the new act seeks to

Payments

BigPay Adds New Remittance Corridors in 38 Countries Across the UK and Europe

BigPay, a Capital A venture company, announced that it has added 38 new countries to its international remittance services. This

Rise of Super-Apps Puts Pressure on Incumbents

In Asia, bigtechs and new digital banking challengers are rapidly gaining ground, forcing incumbent banks to rethink their business strategy

Regtech/Regulation

SC Invites Feedback on Tech Risk Management Framework for Capital Markets

The Securities Commission Malaysia (SC) has published a consultation paper and is seeking the public’s feedback on a proposed regulatory

Cloud Digital Transformation Virtual Banking

Bank Islam Selects Cloud Provider AWS to Power Its “Be U” Digital Bank

Bank Islam has selected Amazon Web Services (AWS), an Amazon.com company, as its preferred cloud provider to power its Be

Lending

Razer Merchant Services Partners Atome to Offer Its Merchants BNPL Acceptance

Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Singaporean buy now, pay later (BNPL) platform

AI Lending Sponsored

4 Ways Alternative Data Is Improving Fintech Companies in APAC

Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging

Lending

CIMB Partners With Fave to Offer BNPL Services to Its Over 8 Million Cardholders

CIMB Bank has partnered with Southeast Asian payments platform Fave to offer buy now, pay later (BNPL) services to its

Financial Inclusion

RHB Expands Its Mobile ATM Services to Push Financial Inclusion in Sarawak

RHB Banking Group has launched the second phase of its mobile Automated Teller Machine (RHB Mobile ATM) service to drive

E-Wallets Funding

TNG Digital Raises RM750 Million From Lazada and Touch ‘n Go

TNG Digital, the owner and operator of Touch ‘n Go eWallet, has raised RM 750 million during its latest round

Lending

BNPL Platform Ablr Has Gone Live in Malaysia

Ablr, a Buy Now Pay Later (BNPL) platform, announced that it has gone live in Malaysia. The firm currently has

Digital Transformation Sponsored

Digital Transformation: Ditching the “Build vs. Buy” Mentality for a Hybrid Approach

Banks embarking on a digital transformation journey face the tough dilemma of having to choose between building platform components in-house

Security Virtual Banking

Al Rajhi Malaysia Selects Feedzai to Bolster Security for Its Digital Bank

Al Rajhi Bank Malaysia (ARBM) has partnered with risk management platform Feedzai to integrate the latter’s RiskOps solution onto its

Malaysia

Fintech Report 2022: Malaysia Charts a New Path for Fintech Growth

In Malaysia, regulators and policymakers are actively supporting the fintech industry by establishing a conducive regulatory environment, and through public–private

Payments Sponsored

Payment Managers Are Redefining Their Strategic Priorities for 2022

It is evident that digital acceleration is creating a new payments paradigm as corporate non-cash payments are forecasted to reach

Payments

Touch ‘n Go Partners With PayNet to Launch Cashless Initiative in Kedah

Touch ‘n Go (TNG) Group has partnered with the Payment Network Malaysia (PayNet) to launch the ‘Mai Kita Cashless’ campaign

Insurtech

Malaysian Insurtech VSure Expands Its Footprint to the UK

Malaysian digital insurer VSure.life announced its expansion to the United Kingdom to make it affordable for small businesses to access

Digital Transformation Sponsored

BaaS Needs to Double Down on Cross-Industry Partnerships to Fuel Growth

Banking as a Service (BaaS) is seen as one of the biggest opportunities in financial services and is experiencing rapid

Financial Inclusion

Hong Leong Partners PayNet to Turn Sekinchan Into the First Cashless Village

Hong Leong Bank (HLB) has formed a partnership with Payments Network Malaysia (PayNet) to roll out its first ‘Project Cashless