Posts From Vincent Fong

Ambank’s New Fintech Playbook Involves a Chatbot and Robo-Advisors

Since the wave of fintech disruption arrived on the shores of Malaysia several years back, many 1st-tier banks have each responded with their own strategies. Ambank was the only tier-1 bank that has not clearly spelled out their game plan,

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Paynet & Soft Space To Enable Card Payments Acceptance Using Only Smartphones

Malaysians will soon be able to enjoy a new payments service that was made possible thanks to a partnership between payment company Soft Space and Malaysia’s national payments network PayNet. Dubbed as Fasstap, businesses will be able to use any

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Sneak Peek into the New RinggitPlus Chatbot and Revamp

RinggitPlus the financial comparison site brand owned by Malaysia’s top funded fintech company Jirnexu, has announced an overhaul of their site and along with it a new site-wide chatbot functionality. During their press conference, they have stated that these changes

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MyEG Hops on The Blockchain Bandwagon With Payroll System —Is There a Good Reason?

MyEG recently unveiled their PayMe, a blockchain-based payroll management software. Most of us know MyEG for enabling citizens to pay the Malaysian government online for services like road-tax renewal, zakat and many more. While some blockchain enthusiasts will celebrate the

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Meet the 43 Cryptocurrency Exchanges in Malaysia Registered with BNM

Bank Negara Malaysia has published the list of cryptocurrency exchanges in Malaysia that has registered itselves as a reporting entity with the regulator. This follows our report issuance of the policy paper titled “Anti-Money Laundering and Counter Financing of Terrorism Policy

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Startup Now Ranked Top 5 Funded Malaysian Fintech with Its US$ 3.5 Mil Pre-Series A

Malaysian fintech startup Goals101 through its India-based entity recently secured US$ 3.5 Million in a Pre-Series A round with US-based Nexus Ventures Partners. This round of funding impressively puts them among the list of the top 5 funded fintech companies

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New Digital Finance Innovation Hub By BNM, MDEC and UNCDF to Drive Financial Inclusion

In a tripartite partnership, the United Nations Capital Development Fund (UNCDF), Bank Negara Malaysia (BNM), and Malaysia Digital Economy Corporation (MDEC) launched the Digital Finance Innovation Hub. Malaysia and China were the only two countries that UNCDF selected to set-up

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Bursa Listed PUC Unveils Presto Wallet – Will it Survive Malaysia’s Crowded Market?

In a market where there is a lingering fatigue of new e-wallet releases, the ACE Market-listed company, PUC Berhad officially unveils their e-wallet — Presto Wallet. On top of the standard cashless payment options for online and offline retailers, one

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Why BNM’s Open API Initiative Could Bring Malaysia’s Fintech into a New Era

Bank Negara Malaysia just released a proposed guideline for Open APIs in Malaysia, and is currently seeking feedback from the public. This follows Bank Negara Malaysia’s announcement earlier this year that it would be setting up an implementation group in the first

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Users Can Finally Pay Tolls with the TNG E-Wallet, but It’s Not Available to Everyone Yet

In Malaysia’s crowded e-wallet space, it is becoming increasingly difficult to carve a niche with each player pursuing similar strategies of giving cash backs and merchant discounts. Among Malaysia’s over 30 players, Touch ‘n Go has an upper hand that

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