Posts From Fintech News Malaysia

UOB Partners With WORQ & Common Ground to Lower Price Barriers for Startups

United Overseas Bank (UOB) recently announced that they have signed a MOU with WORQ and Common Ground to offer up to 20% off the rental of the co-working spaces. Startups and SME’s who are customers of UOB will be able

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Fintech Malaysia News Roundup April 2018

Malaysia’s fintech scene is becoming increasingly active, it is sometimes difficult to keep track of all the important events, here’s April’s edition of our news roundup featuring the top  stories in the Fintech Malaysia scene. If you’re interested to check

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MoneyMatch Embraces Ripple’s Blockchain Solution to Power Payments

Ripple, the enterprise blockchain solution for global payments, is announcing that five new customers across Europe and Asia will use xVia to power frictionless payments over RippleNet, among the companies announced is Malaysia’s very own fintech company MoneyMatch. xVia is

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Soft Space Secures Series B Funding from Sumitomo Mitsui, Eyes International Expansion

Soft Space announced the closing of a Series B investment with Sumitomo Mitsui Card Company (SMCC)  a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), which is one of the largest financial groups in Japan. Founded in 2012 Soft Space

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Funding Societies Raises RM 100 Million, the Largest P2P Lending Funding in SEA

Funding Societies, the largest peer-to-peer (P2P) financing platform in Malaysia, has raised RM100 million in Series B funding. Led by Softbank Ventures Korea, the funding round also includes existing investors Sequoia India, Alpha JWC Ventures (Indonesia) and Golden Gate Ventures.

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Luno Registers as Reporting Institution with Bank Negara Malaysia

Popular cryptocurrency exchange platform, Luno, today announced that they have formally registered with Bank Negara as a reporting institution as required by the policy document: Anti- Money Laundering and Counter Financing of Terrorism (AML/CFT) – Digital Currencies (Sector 6) which

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Allianz Malaysia Partners With PolicyStreet For Digital Distribution

Allianz Malaysia Berhad is partnering with PolicyStreet to provide Malaysians with better online access to insurance products. PolicyStreet is an insurance technology company which offers an online curated platform with an aim to provide simple and affordable insurance solutions that cater

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Fintech Malaysia News Round Up – March 2018 Top 5 Stories

Malaysia’s fintech scene is becoming increasingly active, it is sometimes difficult to keep track of all the important events, here’s March’s edition of our news roundup featuring the top 5 stories in the Fintech Malaysia scene. If you’re interested to

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Hong Leong Introduces AI Powered Chatbot, But This Time It’s for Their Employees

Hong Leong Bank introduces an AI enabled virtual assistant named HALI, which it claims will help it to improve operations efficiency by 60% over the course of the year. HALI, is powered by Hyperlab which specialises in artificial intelligence (A.

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iPay88 Attempts at Banking the Underbanked with Virtual Accounts

iPay88 today announces its latest offering known as the ‘Virtual Account’ – a payment solution that is targeted at the country’s ‘underbanked’ communities. Malaysia has a total population of 31.3 million as of 2017, with about 22.6 million being adult

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