Posts From Fintech News Malaysia
Fintech Association of Malaysia Names Policystreet Co-founder as New President
The Fintech Association of Malaysia (FAOM) has elected Wilson Beh as the new president of FAOM for its 2022/2023 term at its recent fifth Annual Grand Meeting (AGM). Wilson is the Co-founder of Malaysian based insurtech firm PolicyStreet and was
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Bursa Partners CIMB to Boost ESG Adoption Among Malaysian Listed Companies
Bursa Malaysia and CIMB Group has entered into a Memorandum of Understanding (MoU) to accelerate the adoption of environmental, social and governance (ESG) practices among Malaysian Public Listed Companies (PLCs) through the #financing4ESG initiative. Through this MoU, CIMB will become
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RHB Ties up With MPay to Offer QR Payments for Businesses
RHB Banking Group has established an affiliate partnership with ManagePay Services (MPay) to provide contactless payments for businesses This partnership leverages on Application Programming Interface (API) to enable the bank’s micro, small and medium enterprises (MSMEs) and corporate customers to
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Top 5 Funded Fintechs in Malaysia
The Malaysian fintech industry boasts a wide and diverse ecosystem comprising more than 230 companies. However, despite having one of Southeast Asia’s largest fintech ecosystems by the number of active fintech companies, funding activity has remained rather timid, with just
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Banks Need to Avoid Risks of a Big Bang Transition When They Digitise
The latest research by the International Data Corporation (IDC) and Thought Machine, a cloud native core banking technology firm, revealed that 40% of banks in the Asia Pacific will make significant changes to their current core banking systems in the
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MoneyMatch Set to Raise Series B Following Digital Bank License Win
Malaysian fintech startup MoneyMatch announced that it is one of the participants of the consortium led by KAF Investment Bank which was recently selected to receive an Islamic digital banking license in Malaysia. The consortium also comprises Jirnexu, best known
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The InsureTech Connect Asia 2022 Is Back for Its 3-Day Physical Event
InsureTech Connect Asia (ITC Asia) will be hosting the first 3-day in-person event since the pandemic from 7 – 9 June 2022 at Suntec Convention & Exhibition Centre, Singapore. The insurtech event has offered unparalleled access to the largest and
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Aeon Credit and MoneyLion Consortium Set to Launch Islamic Digital Bank in 2024
The consortium comprising AEON Credit alongside its parent company AEON Financial Service and neobank MoneyLion has secured an Islamic digital banking license in Malaysia. Initially, AEON Credit and AEON Financial Service shall each hold 45% equity interest in the proposed
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Boost and RHB Geared to Offer Greater Financial Inclusion With Digibank License
Boost, the fintech arm of Axiata Group and RHB Banking Group has secured the highly anticipated digital bank license issued by Bank Negara Malaysia (BNM). In June last year, the partnership between Boost and RHB to form a digital bank
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Grab to Hire 200 Staff for Its New Digital Bank in Malaysia
Grab Holdings Limited and Singtel announced today that GXS Bank Pte. Ltd., their digital bank joint venture, and a consortium of Malaysian investors including Kuok Brothers Sdn. Bhd (the “Malaysia digital bank consortium”) have been selected to receive a full
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