Posts From Vincent Fong

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

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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

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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,

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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

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5 Reasons Fintech Startups Should Join BNM & MDEC’s Fintech Booster

Earlier in August, Bank Negara Malaysia (BNM) together with the Malaysia Digital Economy Development Corporation (MDEC) jointly launched their fintech capacity building program, Fintech Booster. The program is intended to further support the growth and development of fintech companies in

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Hong Leong Unveils Digital Banking App Targeted at Parents and Their Children

Following its recent upgraded consumer digital banking app, HLB Connect, Hong Leong Bank today unveils a digital banking platform that is targetted at serving savers and their parents called HLB Pocket Connect. The app includes an “Earn Feature” which allows

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MDEC & Bank Negara Malaysia Launches Fintech Capacity Building Program

The Malaysia Digital Economy Corporation (MDEC) together with Bank Negara Malaysia today launched the Fintech Booster Programme. The program was co-developed to further support the growth and development of fintech companies in Malaysia. It provides capacity building for fintech companies

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What is MDEC’s Game Plan for Fintech in Malaysia

MDEC is a name that is familiar to most in Malaysia as the agency that acts as an enabler for Malaysia’s digital economy. The agency has also been active on the fintech front — from launching a congregational point that

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Great Eastern Invests US$70M in Axiata Digital — The Largest Fintech Investment in Malaysia Yet

Axiata Digital the digital services arm of telco operator Axiata Group today announced a strategic investment of US$ 70 Million by Great Eastern to boost its fintech business across the region. Leading up this strategic investment, the Axiata Group and

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Mastercard: Malaysia Leads South East Asia in E-Wallet Adoption (No, Not Really)

By now you’ve probably seen the headlines plastered across multiple media outlets stating that Malaysia is leading South East Asia in e-wallet adoption with 40% of Malaysians surveyed responding that they are using e-wallets. This is followed by Philippines at

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