Posts From Fintech News Malaysia

Funding Societies: New Expansion Could Help SMEs With Their Cashflow Woes

Funding Societies has announced that they will be launching financial services to complement their usual P2P funding platform—this time targeted at solving cashflow issues inundating SMEs. When conducting regular business, SMEs may face issues collecting invoices, especially when dealing with

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Accenture: Open Banking in Malaysia Less Comprehensive Than Singapore

Following the rollout of Open Banking regulations in the UK and the launch this year of the EU’s Payment Services Directive 2 (PSD2), countries across the Asia-Pacific region are following suit to establish their own frameworks to enable banks to

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Soft Space Partners Up With Singaporean Fintech Firm for eKYC and Market Expansion

Depsite having their co-founder recently step-down, Soft Space is showing no signs of slowing down. The payments company widely regarded as one of the leading payments fintech company in Malaysia has signed a memorandum of understanding (MoU) with Jewel Paymentech,

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MoneyMatch Completed Its First Cross-Border Blockchain Transaction with Ripple

Following MoneyMatch’s earlier announcement that they will be embracing Ripple’s blockchain to power their payments in April, the fintech startup has recently announced that they have successfully conducted their first ever live cross-border transaction out of Malaysia on the blockchain

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P2P Lending Player Fundaztic to Raise RM3 Million Through pitchIN

Fundaztic announced that they will be raising RM 3 Million via equity crowdfunding platform, pitchIN — which is the maximum sum permitted by Securities Commissions Malaysia to be raised on an equity crowdfunding platform. This is perhaps the first time

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BREAKING: Soft Space Co-Founder Leaves To Pursue Other Ventures

It’s official, Chang Chew Soon, co-founder and Group CEO will be stepping down from Soft Space effective 13th November 2018. He will also relinquish his role as director, though remain in the company as a shareholder. The Soft Space board

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Grab and Fave Teams up To Tackle The Malaysian and Singaporean Market

Grab and Fave announced a strategic partnership for both parties to grow the respective platforms across the region. The partnership is aimed at capitalising on Grab’s user base of over 110 million downloads and Fave’s strong merchant network of over

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CIMB Introduces QR Terminal — 6 Major Wallets Accepted

CIMB Bank has introduced Quick Response (QR) Payment Acceptance at CIMB terminals. The bank claims to be first in-market to introduce QR payment acceptance to accept six major mobile wallets on one terminal. The six mobile wallet partners to be

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Meet the 10 Companies Selected for Supercharger’s 2nd Fintech Accelerator Programme

The second edition of the 12-week SuperCharger FinTech Accelerator Programme has begun. Launched at the Securities Commission Malaysia, ten international scale-ups from six countries were announced as part of the cohort for this year’s programme According to Supercharger, this is

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LaVida Coin Ordered to Cease Activities by Securities Commission

The Securities Commission Malaysia (SC) has issued a notice for Dato’ Vida’s LaVida Coin to cease all promotional activities with immediate effect. This news follows the regulator’s previous announcement that it was reviewing LaVida Coin for possible breach of securities

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