Posts From Fintech News Malaysia

FWD Launches RM45 Million Fund to Invest in Insurtech and Islamic Fintech

FWD Group, a a pan-Asian life insurance business, announced the launch of a RM45 million fund in collaboration with Malaysian venture capital firm Artem Ventures. The fund, TIM Ventures, will be investing in emerging startups in the insurtech and Islamic

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Al Rajhi Malaysia Officially Launches Its Digital Bank Rize Today

Al Rajhi Bank Malaysia (ARBM) announced that it has officially launched its digital bank arm Rize today where a wide range of its services are already available and more will be rolled out progressively. Rize’s product offerings are pretty standard

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AEON’s Digibank ACS Digital Confirms Raja Teh Maimunah as CEO Ahead of 2023 Launch

Islamic digital bank consortium ACS Digital Berhad has appointed Raja Teh Maimunah Raja Abdul Aziz as its Chief Executive Officer effective today onwards. The official announcement confirms Fintech News Malaysia’s report on her appointment in October. Prior to joining the

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PolicyStreet Digitises Insurance Processes for foodpanda’s Delivery Partners

foodpanda has tied up with insurtech platform PolicyStreet to digitise the insurance processes for tens of thousands of its delivery partners’ to close the protection gap among gig workers. Through PolicyStreet’s latest digital solution– the Gig Workers’ Claims Portal, delivery

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Fundaztic Raises RM16 Million in Less Than Two Weeks on pitchIN

Peoplender, the company behind the Fundaztic P2P financing platform, has raised more than RM16 million on Malaysian equity crowdfunding platform (ECF) pitchIN’s platform. According to pitchIN, the campaign was oversubscribed in less than 2 weeks and is one of the

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SC Consolidates All Shariah Rules on Islamic Capital Market Products and Services

The Securities Commission Malaysia (SC) has issued new guidelines on Islamic Capital Market Products and Services (ICMPS Guidelines) to further enhance the Shariah governance framework for the Islamic capital market. This will be the central source of reference on all

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Finastra Bets Big on APAC With New Center of Excellence at MRANTI Park

Financial services software and cloud solutions provider Finastra has established a new Center of Excellence (COE) at Malaysia’s MRANTI Technology Park. MRANTI Park, located at Bukit Jalil in Kuala Lumpur, is a hub for technology innovation, commercial adoption, and scientific

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OCBC Malaysia Appoints Veteran Banker Tan Chor Sen as New CEO

OCBC Malaysia has appointed Tan Chor Sen as its CEO with effect from 1 January 2023 to succeed Dato’ Ong Eng Bin who will stay on as an adviser after his retirement. Tan has been with OCBC Bank in Singapore

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Security Bank Philippines Taps Malaysia’s Consolsys to Automate Its Branches

Security Bank Philippines has partnered with Malaysian banking automation company Consolsys to revamp its branch experience. The partnership will enable Security Bank to transition its current branch banking management system to a cloud-based omni-channel platform. This includes the replacement of

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Crowdfunding Platform Fundnel Launches Its Refreshed Brand Alta in Malaysia

Singapore-based equity crowdfunding platform Alta, previously known as Fundnel, has announced the official launch of its refreshed brand in Malaysia. The announcement follows Alta’s acquisition of private digital securities exchange Hg Exchange (HGX) in November this year. The launch will

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