Posts From Fintech News Malaysia
BigPay to Roll Out Fully Digital Loans Regulated by KPKT
BigPay, a Capital A venture company and digital bank aspirant, announced the launch of its fully digital loans issued by “BigPay Later”, a wholly owned subsidiary within the group and a digital money lending license holder. The personal product issued
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GHL Secures Ministry’s Approval to Roll Out Its Merchants Digital Lending Services
GHL Systems has rolled out digital lending services for its merchants in February 2022 following approvals from The Ministry of Housing and Local Government (Kementerian Perumahan dan Kerajaan Tempatan – KPKT). The digital lending service by GHL is set to
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Maybank Launches Digital Home Financing Solution Within Its MAE App
Maybank announced that it has launched its digital home financing solution “Maybank Home2u” on its MAE app that is capable of providing approvals within 10 seconds and is available to both existing and new customers. Backed by Maybank’s proprietary automated decisioning
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Singaporean Neobank IN Financial Technology Acquires MyCash
Singaporean neobank IN Financial Technology (INFT) has fully acquired MyCash Money, a money transfer company focused on migrant workers, for an undisclosed sum. INFT is an end-to-end, employer to employee fintech platform that empowers micro and small businesses in Asia
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Binance Takes Strategic Stake in Malaysian Crypto Exchange MX Global
MX Global today announced an equity investment into the company from Binance, one of the world’s largest crypto exchanges. In addition, MX Global also landed another investment for Redeemable Convertible Preference Shares (RCPS) into the company by Cuscapi Berhad, a
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Finexus Invests RM10 Million to Build Digital Penang’s Fintech Ecosystem
Finexus, a Malaysian financial services technology vendor, announced that it will invest RM10 million in the next 5 years building a sustainable fintech eco-system in Penang. The company will be collaborating with local fintechs and digital companies in the Creative
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EdgeProp Malaysia and Finology Rolls Out LoanReport for Pre-Approved Loans
Property portal EdgeProp Malaysia has launched a home loan pre-approval tool dubbed as the “LoanReport” that was developed in partnership with Finology, a Malaysian-based fintech company that specialises in enabling digital underwriting for loan and insurance products. The tool can
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PayNet Appoints Farhan Ahmad as Its Group Chief Executive Officer
Payments Network Malaysia (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Farhan Ahmad as its new Group Chief Executive Officer effective 12 April 2022, succeeding Peter Schiesser. Farhan was the Founder and Chief
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Fave Launches Tech Hub to Onboard up to 100 Engineers in 2022
Payments platform Fave announced that it has launched its Tech Hub in Kuala Lumpur, Malaysia to groom engineering talents and drive digital innovation in Southeast Asia. Over a period of 4 cohorts scheduled on 21 March, 9 May, 4 July
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Axiata Digital’s RM980 Million Revenue Boosts the Group’s Strong Performance
Axiata Group has closed its financial year ended 31 December 2021 with strong operating performance as Axiata Digital’s revenue almost doubled to RM980 million mainly driven by growth at Boost and ADA. Boost is Axiata’s fintech arm and ADA is
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