Posts From Vincent Fong
Providing Financial Services to Malaysia’s Invisible Population
Financial inclusion has been the rallying call for many fintechs, but with Malaysia’s high banked population of over 90%, what are some of the gaps that remain to be unplugged? Perhaps one of the most often overlooked segment of society
Read More
5 Top Stories That Shaped Fintech in Malaysia in 2020
When we entered into 2020 not a single one of us anticipated for it to play out the way that it did. While the pandemic has affected everyone differently even within different verticals in fintech there’s still a sense of
Read More
Huobi is Not Authorised to Offer Crypto Exchange Services in Malaysia Outside of Labuan
Huobi recently announced that as a “localized digital asset exchange for the Malaysian market” they have launched their service to provide Malaysians a “safe and regulated way to trade cryptocurrencies” after securing a license from “Malaysian authorities”. They further added
Read More
Fintech Players Welcome Malaysia’s New Online Lending Guidelines
The Ministry of Housing and Local Government unveiled last week a new guideline that will allow for licensed moneylenders to provide loans digitally. Zuraida Kamaruddin Minister of Housing and Local Government said that these new guidelines were released with microentrepreneurs
Read More
How Fintech Friendly is Budget 2021 Compared to The Previous Year?
The Malaysian government continues to provide support in developing the P2P lending and equity crowdfunding (ECF) market. During the tabling of budget 2021 last Friday, Finance Minister Tengku Zafrul announced that the government will be allocating RM 50 million in
Read More
GHL Unveils Financial Supermarket Ambitions with GROW
Payments firm GHL has been gradually shedding from its pure payment play in a series of announcements it has made recently on new services and partnerships. In the 2nd quarter of 2020, they secured a lending license in Malaysia, Thailand
Read More
Meet Akru, Malaysia’s Newest Robo-Advisor
Years ago before my job with the Fintech News Network, I would drive my lifeless body to work at the crack of dawn to my office in the heart of Kuala Lumpur. During this dreaded daily commute, the local business
Read More
Will QR Payments Mount a Challenge in a World Dominated by Plastic?
There is a quiet war waging in the consumer payments space, and no, it’s not the skirmishes between e-wallet companies trying to “out-cashback” each other. The real struggle is between card payments hunkering down to maintain dominance and QR payments
Read More
Building Malaysia’s First Unicorn?
The South East Asian startup scene is ripe with opportunities and home to some of the most exciting startups within Asia and beyond. The region has given birth to unicorns who are household names like Grab, Gojek, Sea Group, Traveloka,
Read More
Banks Should Turn to Using AI in eKYC in the Digital Arms Race
There’s an old joke on how on the internet nobody knows that you’re a dog, which speaks to how the internet has become synonymous with anonymity. While anonymity is fine in many instances, in an increasingly digital world it has
Read More