Posts From Fintech News Malaysia
Gambit Custody Gets SC’s In-Principle Nod for Digital Asset Custody License
Gambit Custody, a player in the digital asset custody industry, announced that it has received in-principle approval from the Securities Commission Malaysia (SC) for its Digital Asset Custodian (DAC) license. The conditional approval granted by the SC signifies a significant
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Tune Protect Offers Up to RM200 Insurance Payout for MYAirlines Travelers
Malaysian insurer Tune Protect will be compensating travelers affected by the recent unexpected halt of MYAirlines operations on 12 October (Thursday). Passengers who bought Tune Protect Travel Insurance for their cancelled MYAirlines flights will be eligible for a goodwill compensation,
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Bank Islam to Offer Shariah Banking Services to Qwork’s Freelancers
Bank Islam Malaysia has announced a strategic partnership with Qwork, a community-driven platform that connects businesses with freelancers. Through this partnership, Bank Islam aims to tap into Qwork’s extensive pool of gig workers to provide them access to Shariah compliant
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SC Welcomes Budget 2024 Measures to Support Startups, Sustainable Investment
The Securities Commission Malaysia (SC) has welcomed the measures announced in Budget 2024. This includes the allocation of RM100 million to the Malaysia Co-Investment Fund’s (MyCIF) initiatives over the next three years and tax incentives for the equity crowdfunding (ECF)
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Harnessing Responsible AI in the Financial Sector
Artificial Intelligence (AI) has become integral to our daily lives, driving technological advancements and enhancing various industries, including finance. However, the increasing use of AI also raises concerns about responsible and ethical practices. It is essential to ensure that AI
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2023 Malaysia Fintech Report: Landmark Year in Financial Innovation
The past 12 months have been a pivotal period for financial innovation in the country, featuring milestone moments and historic regulatory developments that are transforming the local fintech landscape. The 2023 Malaysia Fintech Report outlines many of these game-changing moments,
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Touch ‘n Go eWallet to Offer Wider Access to Bursa Malaysia Investment Products
Touch ‘n Go (TNG) eWallet’s GOinvest feature to offer wider access to Bursa Malaysia investment products, thanks to a collaboration with Bursa Malaysia and Affin Hwang Investment Bank Berhad (AHIBB). This move is part of an ongoing effort to democratise
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Fintech’s Resilient Ride to Spur Digitalisation Despite Recession, Banking Crisis
The world has undergone significant changes since the onset of the pandemic, especially in the financial industry’s journey towards digitalisation. The pandemic expedited the transformation of customer interactions by three years and pushed banks’ digital offerings ahead by seven years.
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David Low-Led Hata Now Malaysia’s 5th Regulated Digital Asset Exchange
The Securities Commission Malaysia (SC) has granted in-principle approval to digital asset exchange and digital broker Hata to be registered as a Recognized Market Operator (RMO). Hata said that it will be working towards obtaining full approvals from the SC
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Former MDEC Chairman Dr. Rais Hussin Appointed CEO of MRANTI
The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has appointed Datuk Wira Dr. Rais Hussin Mohamed Ariff as its new CEO. Rais will take over from the current acting CEO and Chief Commercial Officer, Khairil Anuar Sadat effective 9
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