Running a business day to day means paying for small things that keep everything moving. Sales can grow and still leave a business short on cash at the wrong moment. Practical financial support can smooth those gaps so daily growth stays steady instead of stressful. Daily Growth Needs Daily Liquidity Growth shows up in ordinary places like bigger orders, extra shifts, or a faster delivery schedule. Those moves can raise costs before revenue lands in the account. Cash on hand turns planned growth into actions a team can take this week, not a month from now. A simple daily cash…
Author: Fintech News Malaysia
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MyDigital ID has signed agreements with 15 banks and fintech firms to strengthen digital identity checks across Malaysia’s financial sector. The participating organisations are Maybank, CIMB Bank, Public Bank, RHB Bank, Hong Leong Bank, AmBank, Bank Islam, Boost Bank, KAF Digital Bank, RytBank, TNG Digital, ShopeePay, Atome, Kale Technology and Finexus. MyDigital ID’s e-verification technology will be tested and implemented within onboarding and transaction verification systems at participating institutions. The initiative aims to strengthen identity assurance and help reduce risks linked to impersonation, account takeover and other forms of digital fraud. MyDigital ID verifies identities in real time against the…
The 19th Asian Financial Forum (AFF) concluded on 27 January 2026, marking a success for Hong Kong’s financial ecosystem as it showcased the city’s strengths in empowering the industry. Jointly organised by the Hong Kong SAR Government and the Hong Kong Trade Development Council (HKTDC), the forum served as a super-connector, attracting 4000+ global leaders from more than 60 countries and regions to deliberate on the theme “Co-Creating New Horizons Amid an Evolving Landscape.” A Global Stage for Strategic Dialogue & Cooperation The two-day event featured a high-powered lineup of 150+ speakers, including financial institution representatives and leaders of multilateral…
Malaysians can now check their credit reports on Grab following a new partnership with Credit Bureau Malaysia, with no separate download required. The integration gives users access to CBM’s MyScore Report, a personalised credit scoring tool designed to help individuals and businesses assess their credit profile. The rollout comes amid continued national focus on financial literacy and inclusion under the Malaysia National Strategy for Financial Literacy 2026 to 2030. Broader access to credit information is expected to support gig workers, micro-entrepreneurs and younger earners who may have limited visibility over their credit health. “The collaboration between CBM and Grab will…
Bursa Malaysia has partnered with TERAJU to expand the pipeline of Bumiputera companies heading for IPOs. The two parties signed a Memorandum of Collaboration to increase Bumiputera participation in Malaysia’s capital market and strengthen the Exchange’s IPO pipeline. Under the MoC, Bursa Malaysia will guide selected high potential companies in meeting IPO listing requirements. The exchange will provide advisory support, networking with capital market intermediaries and capacity building programmes to strengthen compliance and governance standards. TERAJU will identify suitable companies, facilitate access to funding and incentives, and coordinate with government agencies, financial institutions and industry stakeholders to provide holistic support…
YTL AI Labs has appointed Grab’s former first engineer and ex Chief Technology Officer of GXBank, Fadrizul Hasani, as its Chief Solutions Officer. His departure from GXBank follows a 14-year tenure within the Grab ecosystem, where he was a foundational member of the technical team that scaled the company into a regional platform. GXBank has since named Nishant Sharma as its new CTO. In his new role at YTL AI Labs, Fadrizul will focus on engineering sovereign AI platforms and production systems specifically designed for the Malaysian market. He will be working alongside a leadership team that includes Chee Mun…
The US$2.5 trillion SME credit gap in the Asia Pacific remains a significant challenge for traditional banks. Joe Udomdejwatana of Axe Finance joins us to discuss how the Axe Credit Portal (ACP) is transforming lending infrastructure. Key Highlights Composable architecture avoids high-risk “rip and replace” projects. Tools like Axe Studio and Axe BPM empower compliance officers to manage regulatory shifts. Predictive scoring with explainability models replaces “black box” AI with a transparent “glass box” approach. Lending 3.0 focuses on “intelligent adaptability” to process data in real time.
The Securities Commission Malaysia (SC) has appointed LC Wakaful Digital (LCWD) as Malaysia’s first Social Exchange Platform operator. The Social Exchange forms part of the Capital Market Masterplan 2026–2030 (CMP). It aims to widen access to social impact financing. The platform will allow non-profit organisations to raise donations for eligible social projects through a structured and transparent system. Donors will gain clearer visibility over fund use and project outcomes. SC Chairman Dato’ Mohammad Faiz Azmi said the appointment marked an important step. He said it would help build a market-based and well-governed framework for social finance. “With the Social Exchange,…
The global rate of identity fraud decreased in 2025 from the previous year’s high, but the threats have become more severe. Fraud isn’t retreating, it’s maturing. The sloppy, low-effort attacks that thrived in 2024’s era of widely available tools are being replaced by fewer but sharper operations: multi-step, coordinated, and built to bypass basic verification. Sumsub, a global verification and fraud prevention firm, have identified this Sophistication Shift, signalling that the next stage of identity fraud won’t be measured by volume alone. Why attackers are leveling up Behind the numbers is a change in criminal behavior. When simple tactics stop…
Cash trust schemes investing in capital market products are set to face clearer licensing requirements under a new Securities Commission Malaysia framework, according to a report by The Edge. The Ministry of Finance said in a written parliamentary reply that the regulator is finalising the framework to clarify when such schemes require a licence. The initial phase will cover capital market-related activities. The move forms part of efforts to strengthen regulatory oversight. Cash trust schemes are managed by trust companies registered with the Companies Commission of Malaysia under the Trust Companies Act 1949 and governed by the Trustee Act 1949.…
CIMB has received approval from Bank Negara Malaysia (BNM) to begin bank-grade tokenisation trials under its Digital Asset Innovation Hub. The programme allows the bank to test regulated digital asset payment and settlement use cases within a supervised framework that sets governance, risk management and compliance safeguards. CIMB will explore tokenising its own sukuk issuances and assess how tokenised deposit representations can support end-to-end issuance, transfer and settlement workflows within approved testing parameters. BNM recently announced parallel initiatives under the hub, including tokenised deposit testing with Maybank, while Standard Chartered and Capital A are exploring ringgit stablecoins for wholesale payment…
Cross-border payments platform XTransfer said it plans to establish a regional compliance centre in Malaysia, outlining the move at Forum Ekonomi Malaysia 2026. Founder and CEO Bill Deng spoke on a panel on accelerating technology applications and innovation under the 13th Malaysia Plan alongside Deputy Finance Minister Liew Chin Tong and SkyeChip Senior Director of Engineering Ooi Ching Liang. The discussion examined ways to strengthen high-growth industries and support MSMEs in global value chains. Deng said many Malaysian SMEs are able to export but struggle to scale due to operational and compliance hurdles. He cited payment delays, repeated documentation checks,…
Hong Leong Bank has revamped its Priority segment to adopt an advisory-led wealth management model for high net-worth clients. The shift moves the unit away from product-based priority banking toward long-term stewardship focused on preservation, income, growth, diversification and legacy. The refreshed HLB Priority combines financial solutions with personalised advisory and lifestyle privileges. The move builds on the bank’s alliance with Lombard Odier and the expansion of its Shariah-compliant wealth offering under Hong Leong Islamic Bank. The bank said the segment forms part of its three to five-year transformation plan, with regional wealth management positioned as a key driver of…
Maybank has begun testing ringgit tokenised deposits for cross-border payments on a blockchain platform under Bank Negara Malaysia’s Digital Asset Innovation Hub. The pilot involves energy infrastructure group Yinson Holdings Berhad. The bank will explore on-chain cross-border transactions using ringgit and other ASEAN deposit tokens on the bank’s permissioned blockchain network. This will assess the technical feasibility and operational readiness of executing secure near real-time transactions. It will also contribute to the development of next-generation payment infrastructure. BNM just announced that it is also testing tokenised deposits with CIMB, while Standard Chartered and Capital A are exploring ringgit stablecoins for…
Bank Negara Malaysia (BNM) will test ringgit stablecoins and tokenised deposits for wholesale payment use cases this year after onboarding three initiatives under its Digital Asset Innovation Hub (DAIH). The projects will examine domestic and cross-border payment scenarios, including the settlement of tokenised assets. Standard Chartered and Capital A will explore ringgit stablecoins for business-to-business settlement, while Maybank and CIMB will test tokenised deposits for payments. The trials will be conducted in a controlled environment and involve collaboration with ecosystem partners, including corporate clients of financial institutions, the Securities Commission Malaysia and Khazanah Nasional. Certain use cases will also assess…
Axiata has announced the appointment of Nik Rizal Kamil Nik Ibrahim Kamil as Group Chief Executive Officer (GCEO) and Managing Director, effective 1 June 2026. He will succeed Vivek Sood, who has led the Group since 2023. Nik Rizal joined Axiata in January 2024 as Group Chief Financial Officer. He has experience in business finance, investments, and accounting, and currently sits on the boards of several Axiata companies, including CelcomDigi, PT XLSMART Telecom Sejahtera, Robi Axiata, EDOTCO Group, and Link Net. Before joining Axiata, Nik Rizal was Group CFO at RHB Bank from 2021, and previously served as Executive Director,…
Asia-Pacific’s fintech market is the most dynamic and fragmented in the world. While legacy banks struggle to keep up with shifting regulations and local payment rails, one European powerhouse is making a massive bet on the region. Gabriel, Stefanak, Business Development Head, Decta, breaks down why the current “fragmented” vendor stack is a ticking time bomb for financial institutions and how DECTA’s “Full-Stack” model, owning everything from issuing to acquiring, is their ultimate moat for entering APAC.
Embedded credit startup Seedflex is preparing to raise a Series A round of US$6 to US$8 million later this year, as its Malaysia operations turn profitable and the company looks to scale beyond its core market. Founder and CEO Ritwik Ghosh told DealStreetAsia that Seedflex became profitable in Malaysia in the third quarter of 2025, roughly 18 months after launch, and has remained so since. The company provides cashflow-based credit to MSMEs through payment and commerce partners. Ghosh said the upcoming Series A is driven by growth opportunities rather than financial pressure. “This is not about the runway or survival.…
ShopeePay has announced the launch of Zurich Wallet Protection, provided by Zurich General Insurance, on the ShopeePay and Shopee apps. Starting from RM1.40 per month, the plans offer coverage for ShopeePay and other bank accounts, e-wallets, and card payments against risks such as fraudulent transfers, unauthorised transactions, phishing, impersonation, card misuse, and online shopping fraud. The launch comes amid rising fraud-related crimes in Malaysia. Alain Yee, Chief Executive Officer of ShopeePay Malaysia, said: “While we actively educate our users on how to stay safe online, it’s equally important to offer a last layer of protection that is both affordable and…
India’s Unified Payments Interface (UPI) system is set to enter the Malaysian market, as the two countries continue to strengthen their longstanding economic ties, said Indian Prime Minister Narendra Modi. “The Malaysia-India Digital Council is paving new pathways for our digital collaboration. I am happy to share with you that India’s UPI will come to Malaysia soon,” The intention for UPI to enter Malaysia was first expressed in August 2024. Modi said while addressing the Indian diaspora at a reception in Kuala Lumpur on February 7, according to The Star. He noted that nearly half of the world’s real-time digital…