Posts From Vincent Fong

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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Maybank Launched 3 New Features To Help its 10 Million Users Plan Their Budgets

Maybank announced the launch of their new digital financial planning tool on it’s online banking website, Maybank2u. The new tool is geared at helping their customers plan their savings, monitor their insurance and keep updated on their financial situation. Commenting

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The Fintech Barcamp @ Langkawi 2018: What You Missed

Between the 9th and 10th of August, key fintech players flew to Langkawi for Fintech News’ inaugural Fintech Barcamp—where the beach shorts come on, and the strict event agendas are thrown out the window. We strived to make that point

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Meet the 29 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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Fintech Malaysia Report 2018 – The State of Play for Fintech Malaysia

Following last year’s report, our second edition Fintech Malaysia Report 2018 intends to clearly outline the state of play for fintech in Malaysia. The year 2018 marks a new dawn in Malaysia, with our historic democratic change in government for

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Banking Partnerships in Malaysia are Moving Beyond Fintech

Several years ago when the fintech wave began hitting the shores of Malaysia, several Malaysian banks like Maybank, RHB, and CIMB each launch their own accelerator programmes to partner up with fintech companies. Some time around last year, the banks

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FICO Powers Credit Guarantee Corporation’s (CGC) SME Lending

Malaysia’s Credit Guarantee Corporation (CGC), a government and commercial enterprise joint venture, has used FICO’s decision management technology to improve its ability to judge the creditworthiness of small businesses so it can provide them with loans. This direct lending is

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One of India’s Largest Financial Comparison Site Goes Live in Malaysia’s Crowded Market

BBazaar Malaysia today announce that its website is fully live in Malaysia. BankBazaar, BBazaar Malaysia’s parent company, is among the leading financial comparison sites in India. They boast over 300 million visitors to its site and has facilitated over 1.5

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Malaysian Fintech Company CapitalBay Wins Multiple Awards

CapitalBay, a FinTech company, offering solutions for Supply Chain Finance in Malaysia has announced that it has received two separate awards from the  Asian Bankers Awards in Beijing, alongside top international transaction banks such as Bank of America, Deutsche Bank,

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