Posts From Fintech News Malaysia
Indonesia’s DOKU Acquires senangPay in US$7.5 Million Deal
DOKU, an Indonesian electronic payment solutions provider, announced that it has acquired Malaysian online payment gateway senangPay for US$7.5 million by raising the funds needed from Apis Growth Fund II. The acquisition of senangPay marks the beginning of DOKU’s expansion
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Malaysia’s Silverlake Axis Partners Finastra to Bolster Its Trade Finance Solutions
Silverlake Axis, an ASEAN core banking solutions provider headquartered in Malaysia, announced that it has entered into an agreement with Finastra, a global provider of financial software applications and marketplaces. Under the deal, Silverlake will be able to offer Finastra’s
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GHL Rolls Out QR Payments Through LINE Messaging App in Thailand
Payment service company GHL Systems (GHL) has launched the “GHL QR Payment”, an all-in-one QR code payment channel in Thailand for merchants to easily receive payment. This combines multiple QR code and e-wallet providers on a single payment platform which
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Mambu: Malaysians Want Their Banks to Become More Sustainable in the Future
More than three quarters (77%) of Malaysian consumers want their bank or financial institution to become more sustainable in the future, according to a new report from cloud banking platform Mambu. “Is the grass greener on the sustainable side?” report
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RHB Enhances Its API-Driven Digital Platform With More Offerings for SMEs
RHB Banking Group has further enhanced its RHB REFLEX Premium Plus digital platform driven by an Application Programming Interface (API) integration with selected partners, to provide accounting and human resource (HR) solutions for its SME customers. RHB Reflex Premium Plus
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Angkasa Says PM Ismail Sabri Will Seriously Consider Its Appeal for Digibank License
The Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa) said that its appeal to be granted a digital bank license will be given serious consideration by the Malaysian government. Previously, Angkasa and Boustead Holdings had jointly announced in July 2021 that they
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How Will BNM’s Digital Insurance License Tackle Malaysia’s Underinsured Problem
Insurance is a crucial part of any good financial planning. Without sufficient protection offered by insurers, it is easy to fall into financial ruin if even a person’s savings are substantial. Malaysia’s insurance and takaful penetration rates however are dismally
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Securities Commission Malaysia Makes New Leadership Appointments
The Securities Commission Malaysia (SC) announced that it has made four new senior appointments that took effect on 1 July 2022. The SC has appointed Datin Azalina Adham as Executive Director of newly created business group Strategy and Policy. Leveraging
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Visa: Nearly 70% Of Malaysian SMEs Are Keen on Using Digital Banks’ Services
Close to seven in 10 Malaysian small and medium enterprises (SMEs) expressed their interest in engaging with digital banks, according to Visa’s SMB Digital Banking Study. This is quite timely given the Bank Negara Malaysia’s recent announcement on the five
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APAC Financial Institutions Struggle to Make Use of Their Data in a Timely and Effective Manner
Despite realizing the opportunities brought about data and analytics, banks and financial institutions in Asia-Pacific (APAC) are still struggling to draw critical insights from their data in an effective and timely manner. This is one of the findings drawn from
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