Posts From Vincent Fong

eToro Added to Securites Commission’s Investor Alert List of Unauthorised Entities
Various

eToro Added to Securites Commission’s Investor Alert List of Unauthorised Entities

Following a statement from Securities Commission Malaysia on Tuesday which warned investors that eToro is not a licensed or a registered entity that is permitted to carry out regulated activities in Malaysia, the regulator has added the digital trading platform

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How COVID-19 Has Forced Insurers to Rethink Digital
Insurtech

How COVID-19 Has Forced Insurers to Rethink Digital

We’re living in a once in a generation health crisis. Millions of people worldwide have been affected by the coronavirus pandemic, and many have been left jobless and many more will be feeling the impact for several years to come.

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Securities Commission: eToro is Not Licensed to Operate in Malaysia
Various

Securities Commission: eToro is Not Licensed to Operate in Malaysia

In a press statement announcing the extension of their commission-free stocks offering to clients in Asia-Pacific, eToro shared that 11% of their customers in Malaysia. In response to Fintech News Malaysia’s clarification of the eToro’s legality to operate in Malaysia,

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Meet the Team Launching a Crypto Exchange During the COVID-19 Pandemic
Blockchain/Bitcoin Editor's Pick

Meet the Team Launching a Crypto Exchange During the COVID-19 Pandemic

The cryptocurrency market sure has come a long way from its very tumultuous year of 2019 when the then Finance Minister Lim Guan Eng announced new regulations that meant crypto exchanges operating with prior approval from Securities Commission Malaysia may

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Securities Commission Raises Equity Crowdfunding Fundraising Limits to RM 10 Million
Crowdfunding

Securities Commission Raises Equity Crowdfunding Fundraising Limits to RM 10 Million

Securities Commission Malaysia announced today the liberalisation of equity crowdfunding (ECF) limit to RM 10 million from the previous limit of RM 5 Million. This was announced during their Annual Report media conference which was held virtually. This is in

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Bank Negara Extends Virtual Banking Consultation Period Due to COVID-19 Distruptions
Virtual Banking

Bank Negara Extends Virtual Banking Consultation Period Due to COVID-19 Distruptions

The deadline for much anticipated virtual banking framework has been extended to 30th June 2020, it is said that this extension is due to disruptions caused by the COVID-19 outbreak. This follows their previous extension from February to April after

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Robo Advisor MYTHEO Waives Management Fees
WealthTech

Robo Advisor MYTHEO Waives Management Fees

MYTHEO a robo-advisor regulated by the Securities Commission Malaysia issued a statement assuring investors their business remains capable of serving customers and that they have sound business continuity practices in place. The robo-advisor further added that their processes are highly

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Fintech Industry Group Lays Out Specific Aid It Needs from The Government to Survive
Various

Fintech Industry Group Lays Out Specific Aid It Needs from The Government to Survive

Fintech Association of Malaysia issued a statement urging the Malaysian government to help fintech startups survive the MCO and ride-out the COVID-19 pandemic. The association which represents over 200 fintech firms operating in Malaysia likened the industry as the “B40

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3 Ways That Grab is Helping to Tackle the COVID-19 Crisis in Malaysia
Various

3 Ways That Grab is Helping to Tackle the COVID-19 Crisis in Malaysia

COVID-19 has no doubt proven to be one of the greatest adversity that our nation has faced in recent times. It is during these difficult times that it becomes more important for us to unite and do our part to

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Experts Share Their Views on How Fintechs Can Navigate the COVID-19 Crisis
Various

Experts Share Their Views on How Fintechs Can Navigate the COVID-19 Crisis

The COVID-19 pandemic has proven to be a strain, not just on our healthcare systems, but also on the global economy as well. Besides being concerned about the wellbeing of fellow humans, businesses are also growing increasingly concerned about surviving

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