Posts From Vincent Fong

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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Huawei: To Fend Off Disruption Banks Need to Build Their Own Super App

Huawei held its Global FSI Summit this week which featured financial institutions and enterprises sharing their experience in dealing with the “new normal’ in the post-pandemic era. The list of presenters included senior representatives from organizations like DBS Bank, Sberbank,

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Malaysia to Spend RM 1.2 Billion Promoting E-Wallets in 2020

Malaysia’s Prime Minister Tan Sri Muhyiddin Yassin, announced a series of economic stimulus plans last week that is targetted at revitalising the economy which was weakened by the COVID-19 pandemic. There were 40 initiatives worth RM 35 Billion under this

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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

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

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

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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