Posts From Fintech News Malaysia

IRB Lifts Freeze on Luno

Earlier in January Malaysian tax officials the Inland Revenue Board froze the bank account of popular cryptocurrency exchange, Luno. The account was frozen pending an investigation relating to tax matters. Luno users were still able to trade cryptocurrencies but were

Read More

EY’s Study Shows Big Risks in the ICO Market

A lack of fundamental valuation and the due diligence process by potential investors is leading to extreme volatility of the initial coin offering (ICO) market, according to new research published by EY. The research also found that in some cases

Read More

Malaysian Regulators: Raising ICOs in Malaysia Could be an Offense

In a joint-statement issued by Bank Negara Malaysia (BNM) and Securities Commission Malaysia (SC) today, the regulators stated that Initial Coin Offering (ICO) schemes may fall under the jurisdiction of the regulators. Both the regulators warned ICO issuers that carrying

Read More

An Inside Look: Concerns on Malaysia’s First Cashless Store by IrisPay

As the digital wallet war heats up in Malaysia, a new player, Irispay throws its hat into the ring with their fully cashless concept store in Subang Jaya, seemingly as a push to promote usage for their digital wallet. Irispay

Read More

Fintech Influencers Malaysia: 14 Names You Should Know

Following our previous article highlighting 12 of the hottest fintech startups in Malaysia, we thought it’d be appropriate to come up with a “Fintech Influencers Malaysia” list to highlight some of the movers and shakers within the fintech space in

Read More

Malaysia’s HelloGold Wins “Most Innovative Islamic Product Award”

HelloGold, a Malaysian based fintech firm that blends gold trading with blockchain technologies was announced as the winner of the the Critics’ Choice Most Innovative Islamic Retail Product Award. Organised by the UK-based financial intelligence house, Cambridge IF Analytica, the award

Read More

Malaysia Central Bank Publishes Study about Cryptocurrencies

A study published by Bank Negara Malaysia in September explores the implications of a Bank Negara Malaysia cryptocurrency or as the report calls it; a central bank backed digital currency. A central bank digital currency (CBDC), if introduced, is unlikely

Read More

Supercharger Fintech Accelerator Malaysia Unveils 10 Finalists

The SuperCharger FinTech Accelerator programme kicked off its 12-week programme today by introducing 10 international start-ups as the finalists for this platform. The programme comes as a partnership between leading financial institutions, Standard Chartered Bank and Allianz Malaysia, as well

Read More

Southeast Asia’s First Online Personal Loan Application Processing Via Chatbot

RHB Bank Berhad (“RHB”)—Malaysia’s fourth largest fully integrated financial services group—in collaboration with RinggitPlus—Malaysia’s leading comparison website for financial products—today introduced ‘ChatBot’, the first real-time messenger-style platform in Southeast Asia to facilitate personal loan applications. Consumers can now apply for

Read More

Fundaztic to fill the RM80 Billion Funding Gap to SMEs: Malaysian P2P Lending Platform

Fundaztic.com made its debut on the peer-to-peer (P2P) financing platform  with a low entry barrier investment of RM50 (12USD), and is now expecting to draw investors to fund more than 500 micro and small and medium-sized enterprises (SMEs), and startups within

Read More