Posts From Fintech News Malaysia

Hong Leong Bank Sets up Official Store on e-Commerce Platform Shopee

Hong Leong Bank (HLB) announced the launch of its e-commerce platform offering with an official store on Shopee Mall. This enables HLB’s customers to sign up for banking products and services without the need to visit physical branches. E-commerce experienced

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Kenanga Dips Its Toe in Crypto With Tokenize Xchange Stake Acquisition

Kenanga Investment Bank Berhad (KIB) via its wholly-owned private equity arm, Kenanga Private Equity Sdn Bhd, has entered into a conditional agreement to acquire 19% equity interest in Tokenize Technology (M) Sdn Bhd, a digital asset exchange that allows trading

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Intelligently Manage Money with Mobility

Technology has been changing behaviour of people. Many are showing significance reliance on the Internet – mobile network in particular – more than ever. At the same time, technological innovations are led by such behavioural changes. Indeed, successful innovations need

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GHL Investigating Alleged E-Pay Data Breach

An earlier report by SoyaCincau spotted social media postings which claim that the personal details of over 300,000 E-Pay customers are being sold online for US$  300. The report further added that the database contain customer name, email address, hashed

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Malaysia Issued The Most Fines in APAC For Financial Crimes and Privacy Breaches

A recent study by Fenergo, provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, found that Malaysia ranked the highest for data privacy fines in the APAC region totaling almost US$ 4 billion. Meanwhile, neighbouring countries Singapore

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Agile Infrastructure Construction Leads to Successful Digital Transformation

Digital transformation is inevitable for all sectors. Enterprises and organisations have to be visionary on such changes and be ready to cope with the unexpected. The transformation is not new, as systems are continuously upgraded with more advanced technology to

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Kenanga Investment Bank Acquires ETF Fund Manager i-VCAP

Kenanga Investment Bank Bhd has acquired i-VCAP Management Sdn Bhd via its wholly owned subsidiary Kenanga Investors Bhd (KIB) following approval by the Securities Commission of Malaysia. i-VCAP is a Shariah-compliant investment management services provider primarily focused on Islamic exchange-traded

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Versa Launches an Alternative to Fixed Deposits in Partnership with Affin Hwang

Versa, a digital cash management platform, has announced the launch of their digital platform in partnership with Affin Hwang Asset Management. Accessible as a mobile application, Versa said that its users can acquire returns that are similar to other low-risk

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TransferWise Survey: 50% of Malaysians Cite High Costs of Remittances as a Challenge

A survey conducted by TransferWise, an online money transfer service, has shed light on how the COVID-19 pandemic has affected the remittance habits of those living in Malaysia. The survey found that a whopping 50% of Malaysians find the high

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DuitNow QR Malaysia’s Universal Payment QR Now Widely Available

In a media statement issued by PayNet, the company announced that DuitNow QR is now widely available and multiple QRs on storefronts will soon be a thing of the past. They said that DuitNow QR is now offered by 26

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