Posts From Fintech News Malaysia
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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PolicyStreet Raises RM67 Million Series B Led by Khazanah to Serve the Underinsured
Malaysian insurtech company PolicyStreet has raised a total of RM67 million (US$15.3 million) in a Series B fundraising round led by the country’s sovereign wealth fund Khazanah Nasional. The round was also joined by other local and international investors, including
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Malaysian Fintech Bayo Pay Raises RM10 Million Series A
Malaysian e-money service provider Bayo Pay has secured RM10 million (US$2.2 million) in a Series A funding round, according to a report by TechNode Global. The funds invested came from Softbank-backed VentureTECH SBI who poured in RM7 million (US$1.52 million)
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Velmie Introduces Advanced Front End Technology For FinTechs
Velmie, a digital banking solutions provider, has released an advanced white-label UI that is said to help fintechs reduce time-to-market by 75%. Building a front end from scratch for a fintech product is a challenging and time-consuming task. Achieving the
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Transforming the Future of Banking Through Cloud and Open-Source Technologies
The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied on legacy systems and proprietary software, resulting in operations being siloed, scalability being limited, and high costs. However, with the
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UOB Kay Hian Wealth Advisors Forges Partnership With KoiZai
In a notable move to evolve its advisory, staff, and client services, UOB Kay Hian Wealth Advisors has formed a strategic alliance with cloud-based wealth management data platform platform KoiZai. The collaboration aims to leverage advanced financial technology solutions. As
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InvestHK Officially Launches the Global Fast Track 2023 Fintech Accelerator
Invest Hong Kong (InvestHK) had announced today the official launch of its year-round fintech accelerator Global Fast Track 2023 (GFT). The accelerator is established through three pillars – the Global Scaleup Competition, the Business Matching Platform, and the always-on GFT
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Funding Societies Rolls Out Islamic Financing Products For Malaysian MSMEs
Digital financing platform Funding Societies has rolled out a suite of Shariah-compliant financing solutions for creditworthy and underserved Malaysian micro, small and medium enterprises (MSMEs) seeking to grow their business. These Islamic financing solutions include Business Term Financing-i, Micro Financing-i,
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Carsome CEO Says KAF-Led Islamic Digital Bank May Launch by Year End
The Islamic digital bank led by KAF Investment Bank aims to launch its operations by the year end or by early next year according to a report by TechNode Global. Besides KAF, the consortium also comprises local fintech startups MoneyMatch
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Upcoming SCxSC Fintech Event Focuses on Innovative Finance in Agriculture
This year’s SCxSC Fintech Conference on 31 May 2023 aims to explore and harness the role of alternative financing avenues for the agriculture sector. This free conference is organised by the Securities Commission Malaysia (SC) in partnership with the Ministry
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