Posts From Fintech News Malaysia
EPF Launches Belanjawanku App and Guide to Help Malaysians Be Financially Savvy
The Malaysian Employees Provident Fund (EPF) has launched the Belanjawanku mobile app and expenditure guide amidst low financial literacy and rising cost of living which has led to to Malaysians having low savings, over-indebtedness and youth bankruptcy. “This is where
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MyCIF Co-invested RM638 Million via ECF and P2P Campaigns in 2022
The Malaysia Co-Investment Fund (MyCIF) reported that a total of RM638 million have been co-invested in almost 35,000 equity crowd funding (ECF) and peer-to-peer (P2P) financing campaigns in 2022, benefitting some 3,635 Malaysian MSMEs. In its Annual Report 2022 released
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Equinix Invests More Than US$100 Million for 2nd Data Center in Malaysia
American multinational company Equinix plans to open a data center in Kuala Lumpur in Q1 2024 following its expansion announcement last year to enter Malaysia with one in Johor. This will mean an additional investment of more than US$100 million
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Purposeful Coexistence in Your Journey to a Digital Core
The costs and complexity of legacy banking technology have firmly established the need for financial institutions to modernise their systems. Banks must move away from legacy infrastructure that constrains innovation and prevents them from providing the real-time, personalised banking experiences
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Datuk Abdul Rasheed Ghaffour to Step up as BNM Governor in July
Datuk Shaik Abdul Rasheed bin Abdul Ghaffour has been appointed as the Governor of Bank Negara Malaysia (BNM) for a five-year term effective 1 July 2023 to 30 June 2028. He will succeed Tan Sri Nor Shamsiah Mohd Yunus who
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StashAway and EdgeProp to Help Malaysians Invest Towards Home Ownership Goals
Southeast Asian digital wealth manager StashAway has partnered with property website EdgeProp to empower Malaysians to plan their finances wisely and save for their future homes. As the Official Investment Partner of EdgeProp START, StashAway will offer cash incentives to
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AWS and Mambu Share Their Guide to Cloud Migration for Incumbent Banks
In today’s rapidly evolving economic environment, businesses need to be able to adapt quickly to changing market and consumer demands. This is especially true for traditional banks and financial institutions experiencing pressure to offer the same level of agility as
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BNM’s Symposium Participants Experience Making Live Cross Border QR Payments
The Malaysian central bank has kicked off its first BNM Sasana Symposium 2023 (SS2023) today at Sasana Kijang which featured an experiential showcase of the country’s cross-border QR payment linkages with Indonesia, Singapore, and Thailand. Participants of the Bank Negara
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SC and Bursa Launches Mandatory Sustainability Programme for PLC Directors
The Securities Commission Malaysia (SC) and Bursa Malaysia has rolled out a new mandatory onboarding programme on sustainability for directors of Public Listed Companies (PLCs) on the exchange. The Mandatory Accreditation Programme (MAP) Part II: Leading for Impact (LIP) is
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Dafinah Ahmed Hilmi Steps up as Hong Leong Islamic Bank’s New CEO
Hong Leong Islamic Bank today announced that Dafinah Ahmed Hilmi has stepped up as its new Chief Executive Officer (CEO). Dafinah is succeeding Jasani Abdullah, who retired at the end of April 2023 after 16 years of service at HLISB,
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