Posts From Vincent Fong

IOUpay Touts Market Leadership for Months Despite Only Launching BNPL Solution Today

Australia Stock Exchange (ASX) listed IOUpay announced today the official launch of its Buy Now, Pay Later (BNPL) service, myIOU. IOUpay is a subsidiary of Malaysian technology firm iSentric who was best known within the industry for providing mobile banking

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Pertama Digital’s Bizarre Choice for a Digital Banking Consortium

Last week, Bursa-listed Pertama Digital announced alternative financing operator Crowdo as its first consortium partner for its digital banking bid. Pertama Digital, through its subsidiary Dapat Vista, is primarily a digital payment platform focused on consumer-to-government payments with solutions like

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Boost to Hold 60% Equity in Axiata and RHB’s Digital Bank Bid

Axiata and RHB today confirmed market rumours that have been floating around for months that they are in talks to jointly bid for Bank Negara Malaysia’s digital banking license. Boost Holdings, a subsidiary of Axiata Digital which houses the group’s

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Axiata and Telenor Revives Merger Plans for Celcom and Digi

Axiata Group and Telenor Asia today confirmed in their press conference that they have revived merger plans of Celcom and Digi which is currently in advanced discussion stages. Compared to the previous merger talks which involve assets from other countries

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Bank Negara Malaysia to Evaluate Merits of Digital Currencies Through POCs

Central bank-backed digital currencies (CBDCs) are rapidly on the rise, with 86% of central banks around the world researching the potential of CBDCs, 60% experimenting with the technology and 14% piloting the technology. CBDC is the digital form of fiat

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Malaysian Retail Investors Return to the Fold on the Back Digital Acceleration and COVID-19

Securities Commission Malaysia (SC) revealed during their annual report press conference today, that 2020 has seen heightened participation from retail investors. Datuk Syed Zaid Albar, Chairman of SC shared with members of the media that this was evidenced by the

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From Fintech Fund to Crypto Exchange — What’s Next On Kenanga’s Digital Roadmap?

The name Kenanga Investment Bank has been plastered across headlines recently, a shift from its previously media-shy nature. Backed by 45 years of history, Kenanga is the largest independent investment bank in Malaysia with RM 14 billion Assets Under Management

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40 Parties Eyeing Malaysia’s Digital Banking License

During a virtual press conference today, Bank Negara Malaysia governor, Datuk Nor Shamsiah Mohd Yunus said to reporters that over 40 parties have registered their interest with the central bank to bid for a digital banking license. Malaysia’s digital banking

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Will Malaysia’s New Digital Banking Licenses Trigger a Wave of Innovation?

There’s an air of excitement ever since Bank Negara Malaysia issued its much anticipated digital banking framework. The introduction of this framework will allow a new breed of non-traditional players to enter the market with novel ideas and innovative technologies

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Providing Financial Services to Malaysia’s Invisible Population

Financial inclusion has been the rallying call for many fintechs, but with Malaysia’s high banked population of over 90%, what are some of the gaps that remain to be unplugged? Perhaps one of the most often overlooked segment of society

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