Posts From Fintech News Malaysia
CTOS Acquires Telco Credit Scoring Firms in Indonesia and Philippines
Credit reporting agency CTOS Digital has acquired 100% of the Philippines-based FinScore and 80% of PT Prime Analytics Indonesia in deals worth US$ 5.9 million and US$ 475,000 respectively. The acquisition of these two telco scoring companies in ASEAN marks
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Touch ‘n Go Offers RM5/Month Insurance for Accidents at Parking Lots
Touch ‘n Go Group has rolled out a new personal accident insurance that costs RM5 per month called ParkInsure for those using the Touch ‘n Go card for payment at parking sites. ParkInsure provides coverage for a range of accidents
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Alliance Bank Taps Comarch to Build Its Digital Wealth Platform
Alliance Bank Malaysia has selected software firm Comarch to build and launch the its digital wealth platform for its customers. The new digital wealth management platform enables the bank’s clients to view their portfolios via the allianceonline mobile app. Customers
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Silverlake Axis, Safeguards to Launch M’sia’s First Independent ATM Deployer
Digital banking solutions provider Silverlake Axis (SAL) has partnered with Safeguards Corporation to launch Malaysia’s first Independent ATM Deployer (IAD). Tech giant IBM and Wanclouds, a multi-cloud SaaS and managed service provider, are also partners in this project. An independent
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Malaysians Can Now Invest in ASNB Unit Trusts through Touch ‘n Go eWallet
TNG Digital and Amanah Saham Nasional Berhad (ASNB) have partnered to allow Malaysians to invest in ASNB unit trusts through the Touch ‘n Go eWallet. This is said to be the first time that an e-wallet has offered this service.
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Ouch! Rolls Out Digital Takaful Life Insurance
Insurtech platform Ouch! has launched a digital takaful product Pusara Pro, a simple term life product offers death benefit of up to RM500,000 and an additional compassionate benefit of 10% of the total sum assured. According to Ouch!, the Pusara
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SC Warns Two Firms for Misusing Its Name and Logo in Cash Trust Promotion
The Securities Commission Malaysia (SC) has identified two companies using its name and logo in their promotional materials for cash trust investment products without the regulator’s permission and instructed them to take it all down. The SC did not reveal
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Fintech Customer Support Philippines: Cynergy BPO – How 24/7 Multilingual Support is Changing the Game
In the dynamic world of fintech, the clock never stops ticking. Transactions, inquiries, and support demands occur around the globe at all hours of the day. The digital transformation has erased borders, but it has also opened a Pandora’s box
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Ascertain Revamps RinggitPay With New Look and Enhanced Features
Malaysian fintech Ascertain Technologies has recently unveiled a revamped look for its flagship payment solution RinggitPay now with enhanced features as well. The rebranding and enhancement of RinggitPay aligns with Ascertain Technologies’ aim to streamline payment processes, ease administrative burdens,
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Versa Surpasses RM500 Million in Total Deposits in Two Years
Malaysia’s digital wealth management platform Versa has surpassed over RM500 million in total deposits in the past two years since its launch in 2021. Versa is a recognised market operator with approval and license from Malaysia’s Securities Commission (SC). It has
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