Author: Izzat Najmi Abdullah

Bobby Ong, Co-Founder and COO of CoinGecko announced on his X account that the company has achieved all-time high revenue this year. To recognise the team’s hard work, employees of CoinGecko will receive a bonus equivalent to nine months’ pay for 2024. This includes six months of bonuses for the second half of the year, in addition to three months already distributed for the first half. Bobby attributed this milestone to the team’s dedication, expressing his gratitude publicly. “Onwards for another strong 2025,” he concluded in his post. This gesture reflects CoinGecko’s focus on valuing its employees, a practice not…

In just the space of a fortnight, the fintech sector in Malaysia has seen significant leadership changes, with big and breaking news on the resignation of some of the top-level C-suite executives from companies such as GHL Systems Berhad and BigPay. And today, we have reliably learned that another top executive is set to leave his role. This time around, it’s coming from Chan Kok Long, the Co-Founder and Executive Director of iPay88. The company has played a key role in advancing e-commerce and digital transactions in the region, significantly impacting both local and regional markets. Chan Kok Long and…

The Ministry of Finance has approved Ryt Bank, a digital banking initiative by YTL Digital Capital Sdn Bhd and Sea Limited, to commence operations. The bank is preparing for a phased rollout to ensure a smooth entry into Malaysia’s financial sector. Ryt Bank initially planned to debut in 2024 but faced delays. The platform, formerly known as the YTL-Sea Digital Bank, aims to revolutionise financial services in Malaysia. It focuses on simplifying transactions and making banking more accessible to a wider audience. Artificial intelligence (AI) powers Ryt Bank’s core offerings. The platform delivers tailored financial insights and advanced savings strategies…

Sources close to the matter have revealed that BigPay, a fintech subsidiary of Capital A, is undergoing a mass exodus as several top executives have reportedly tendered their resignations. Among those stepping down are CEO Zubin Rada Krishnan, COO Mitherpal Sidhu, Chief Growth and Commercial Officer Chris Manguera, and Chief of Staff and Head of Strategy Meirisha Berisdha. CTO Siddharth Ravichandran’s departure is also rumoured but remains unconfirmed. All three co-founders—Salim Dhanani, Chris Davison, and Navin Rajagopalan—had left the company at different times, with Salim being the latest in 2023. The fintech had once been lauded for its ambitious digital…

For centuries, almost every industry in the world has been a male-dominated one. It seemed like both the leadership and non-leadership roles were dominated by men and gender diversity seemed like an unattainable ideal. However, a significant shift has slowly been seen in the past decade as more and more women have broken through traditional barriers and taken on plenty of leadership roles across dozens of industries, and the finance industry is no stranger. Research consistently shows that companies with gender-diverse leadership outperform their peers, and the banking industry is no exception. Plus, they tend to also have better financial…

Fintech News Malaysia has reliably learned that Kevin Lee has stepped down from his position as the CEO of NTT DATA Payment Services Sdn Bhd (formerly known as GHL Systems Sdn Bhd). Kevin, who has been at the helm of the company for six years, first assumed the role of CEO in January 2019. Over his tenure, he has been instrumental in driving the company’s growth and innovation across Malaysia and Indonesia. During his time as CEO, Kevin oversaw GHL’s transformation into a key player in the region’s payment services ecosystem. His contributions to the organisation span more than 15…

The monsoon season has once again wreaked havoc across Malaysia, with the East Coast bearing the brunt of torrential rains. Over 83,000 people have been displaced, seeking refuge in temporary shelters, while businesses grapple with damaged infrastructure, disrupted supply chains, and mounting financial losses. These recurring floods are signs of a growing crisis that has been further amplified by climate change. With warnings of a second wave of floods looming, the urgency for an effective disaster relief framework has never been clearer. Plus, with Malaysia, who are currently in the midst of navigating its transition toward a digitally focused economy, is…

What defines a truly great leader? For Pei Si Lai, CEO of GXBank, it’s not about personal accolades or being irreplaceable. Instead, her idea of success is both refreshing and profound: it’s when the organization thrives without her. “When I measure my own success, I think I’m only successful when the impact I’ve had continues without me and beyond me,” she says. @fintechnewsnetwork Are You Truly Successful as a Leader? Pei Si Lai, CEO, @GXBank talks about how she measures success as a leader, recalling back the best compliment she received in her professional career. #leadership #digitalbank #grab #fintech #womenempowerment…

Malaysian authorities have unequivocally dismissed recent allegations of a data breach, claiming that the MyKad data of  17 million Malaysians were leaked and sold on the dark web. Following thorough investigations, the Home Minister, Datuk Seri Saifuddin Nasution Ismail, and the Royal Malaysian Police (PDRM) confirmed that they found no evidence supporting claims of compromised sensitive personal data. Historical Evidence Misinterpreted as Recent Data Breach NACSA’s preliminary investigation reveals that the samples presented as evidence of the alleged data breach are outdated. These samples, dating back to 2015-2017, have been recirculated online without any confirmation of their relevance to current events.…

A major data leak has reportedly exposed the MyKad information of 17 million Malaysians, sparking fears of potential identity theft and financial fraud. The incident, allegedly disclosed by a Singapore-based dark web intelligence agency, Stealth Mole’s Fusion Intelligence Center on December 3rd via their X (formerly Twitter) account, has sent shockwaves through the nation. The firm claims that malicious actors are selling this trove of sensitive data on the dark web, with samples of Malaysian ID cards reportedly shared as proof. This breach, if it’s in any way true, could represent one of the largest leaks of personal data in…