Posts From Vincent Fong
Securities Commission Malaysia Announces 8 New Licenses for Crowdfunding and P2P Lending
Securities Commission Malaysia today announced 3 new licenses for equity crowdfunding and 5 for P2P lending. This new batch sees names that are familiar to those in the startup scene and some new names. The new equity crowdfunding players are;
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A Sneak Peek into Prudential’s New AI Powered Health App, Pulse
The insurance industry is changing, and its changing fast. The forces driving the change in insurance include skyrocketing healthcare costs, rising protection gap and a shift in the way consumers prefer to interact with brands. These new realities are pressuring
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What Celcom and Digi’s Potential Merger Could Mean for Boost
In an announcement that took many by surprise, it is reported that Axiata and Telenor are in talks to merge their Asian operations for form a global entity. If the merger talks comes to fruition the combined entity will be
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Soft Space Co-Founder’s New Proptech Startup Raises RM 5 Million in Seed Fund
DAX Venture is the latest startup to throw its hat into Malaysia’s burgeoning proptech scene. It announced today that they have successfully raised RM 5 million in seed funding for its subsidiary RentDax. The company is co-founded by successful fintech
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RHB Aims to Double Mobile Banking Users with New App
RHB Bank announced the launch of their brand new mobile banking app today. From first impressions, the new app appears to sleeker and have a more intuitive UI. Dato’ Khairussaleh Ramli, Group Managing Director, RHB Banking Group shared that with
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5 Things MDEC is Doing to Bring Fintech in Malaysia to the Next Level
The Malaysian fintech scene has grown considerably since its early days. Our 2018 Fintech Report shows that the number of fintech companies operating in Malaysia has more than doubled compared to its previous year. This should come as no surprise
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Just What Are We Going to Do With Bank Branches?
Branch banking is dead. A statement that we’ve heard probably a million times or more. The very same statement that normally comes accompanied with the cause of death and murder weapon being shifting demographics and digital technologies. A quick
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Bank Negara Malaysia to Pave the Way for Neo Banks
Bank Negara Malaysia will soon release its requirements for a virtual banking license by end of this year, according a NST report. Virtual banking license seems to be all the rage these days with Hong Kong announcing their 3 approved
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How is Malaysia’s Equity Crowdfunding Scene Doing in 2019?
Equity crowdfunding in Malaysia was brought to the mainstream when Securities Commission Malaysia became one of the first within the region to introduce guidelines to regulate the space. It is part and parcel of the regulator’s strategy to provide a
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UOB Sees Double Digit Growth in Digital Payments in Malaysia
UOB Malaysia today reported that its customers’ use of digital payment methods in 2018 has grown by almost 50 per cent over the year before. This increase reflects changes in the way customers’ choose to make payments, a report compiled
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