Posts From Fintech News Malaysia
PolicyStreet Offers Accident Coverage, Loan Protection for Auto Repairs
Regional insurtech company PolicyStreet has joined forces with Direct Lending to launch DirectCare+, an embedded microtakaful plan providing personal accident coverage and loan protection. This marks PolicyStreet’s first-ever microtakaful product. The launch of DirectCare+ comes at a critical time, given
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Razer Fintech and Razer Merchant Services Rebrands as Fiuu
Razer Fintech, the financial technology arm of Razer Inc., together with its B2B payments unit, Razer Merchant Services (RMS), announced a rebranding initiative today. The company unveils a new single name, logo, and identity as Fiuu, in a statement, they
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Khazanah Appoints Datuk Hisham Hamdan as New Chief Investment Officer
Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, announced that Datuk Hisham Hamdan has been appointed as the new Chief Investment Officer (CIO), effective 6 March 2024. Datuk Hisham Hamdan, who has been with Khazanah since April 2011, previously
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CIMB Launches ‘SMEBizReady’ to Support Digitalisation, Sustainability in SMEs
CIMB Bank and CIMB Islamic Bank returned with the third edition of CIMB Bazar Siberturahim to support small and medium-sized enterprises (SMEs) with business solutions and knowledge sharing for long-term growth. The event featured the launch of CIMB SMEBizReady, a
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Over 75% of eMADANI Claims Were Made Through Touch ‘n Go eWallet
TNG Digital, the operator of Touch ‘n Go eWallet, reported that it was the go-to choice for Malaysians participating in the eMADANI initiative, securing over 75% of total claims. The eMADANI programme, designed by the government to encourage cashless transactions
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Over 100,000 Malaysians Signed up for GXBank’s Physical Debit Cards in 2 Weeks
Malaysia’s first digital bank, GXBank, announced that it has surpassed 100,000 debit card users, just two weeks after launching its physical cards. This milestone builds on the bank’s rapid growth since its public launch in November 2023, when it also
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BNM’s New Sandbox Introduces a Fast Lane for Financial Institutions
Bank Negara Malaysia (BNM) has announced updates to its Financial Technology Regulatory Sandbox Framework policy document in a bid to further boost fintech innovation in the country. Initially launched in October 2016, the framework was designed to foster a regulatory
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Huobi-Backed Torum Set to Launch New Digital Asset Exchange Platform in Malaysia
The Securities Commission Malaysia (SC) has issued an approval-in-principle to Torum International, paving the way for the establishment of a new digital asset exchange (DAX) in the country. This decision marks Torum as the sixth entity to receive such licensing
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Touch ‘n Go eWallet to Adopt 100% e-KYC, Plans to Offer BNPL, Gold Trading
TNG Digital, the operator of Touch ‘n Go eWallet, announced its strategic plans for 2024 today, with a focus on security and introducing innovative financial products. Touch ‘n Go eWallet has introduced a comprehensive e-KYC verification process, becoming the first
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MoneyLion’s Co-Founder Foong Chee Mun Appointed CPO at YTL-Sea Digital Bank Project
Foong Chee Mun has assumed the role of Chief Product Officer at the YTL-Sea Digital Bank Project, which is among the five entities awarded a digital banking license in Malaysia. In addition to his new role, Foong also heads YTL
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