Posts From Ellia Pikri

SC Imposes Deadline For Crypto Exchanges Before They are Deemed Illegal

The issue of digital currency and assets regulation came into mainstream focus when Finance Minister Lim Guan Eng announced that Order 2019 will activate starting from the 15th January 2019. Soon after, the Securities Commission (SC) issued their own statement about the

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Zurich Partners up with Malaysian Startup to Provide Afterlife Planning to Customers

Zurich Malaysia just partnered up with Malaysian startup Bereev, an online legacy platform aiming to help Malaysians plan for their inevitable death. The team up makes a lot of sense since insurance and afterlife planning definitely go hand-in-hand. Bereev’s web-based application

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PitchIN Owns 75% of The Equity Crowdfunding Market in 2018

At the pitchIN ECF Report 2018, CEO Sam Shafie revealed that the company has retained their position as the leading equity crowdfunding operator in 2018, in terms of successful campaigns raised. The number of successful deals done by the entire ECF

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4 Big New Features You Can Expect from Your E-Wallets in 2019

PayNet Malaysia handles much of the underlying network for payments and banking in Malaysia. Owned by both Bank Negara Malaysia and a consortium of banks. The once controversial DuitNow launched by many Malaysian banks is one facet of the relationship between

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LGE: RM10 Mil Fine & 10-Year Jail Time for Crypto-Exchanges Operating Without License

Finance Minister Lim Guan Eng announced that Order 2019 would be effective starting from Tuesday (15th January 2019). This means that anyone caught operating unauthorised initial coin offerings (ICOs) or digital asset exchanges face a 10-year jail sentence and an

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After Horse Currency, Now Country Heights’ New Project Is the Unicorn Wallet for Crypto

Following the announcement of Dato’ Lee Kim Yew’s Horse Currency meant to serve as something of a rewards programme for Country Height’s various properties, the tycoon returns to fintech headlines with a related venture—a crypto-wallet. Named the Unicorn Wallet, Lee Kim

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Digi and Mastercard Working Together on Digital Payments Card for Launch Early 2019

Digi, with Mastercard serving as the technology partner will offer a digital prepaid card—to be released for public use sometime in the first half of the year. The card is also developed with ManagePay  (MPay).  According to a press release, the

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Malaysia is a Leader in Islamic Finance, But Why Not Islamic Fintech?

Malaysia was named a leader in Islamic finance, producing 26% of the world’s Shariah-compliant financial assets by the end of 2017—amounting to US$528.7 billion (RM2.05 trillion). The study proclaimed Asia as the largest market for both sukuk and Islamic funds. But when

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CIMB Takes Vietnam More Seriously with a Second Branch and New Mobile App

CIMB Bank unveiled its first Digital Lounge in Ho Chi Minh City (Saigon), along with the OCTO by CIMB mobile banking app for consumers. Ho Chi Minh City hosts CIMB Bank Vietnam’s first branch following the establishment of its headquarters

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Jirnexu, Malaysia’s Top Funded Fintech Gains Another RM41.7 Mil

Jirnexu just received a US$10 million in its second Series B investment (RM41.7 million), bringing its total funding up to US$27 million. Jirnexu is known for operating RinggitPlus, one of the well-known comparison platforms for products like credit cards, loans

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