Posts From Vincent Fong
5 Ways That 5G Could Shape Fintech in Malaysia
With bold claims like powering self-driving cars and streaming virtual reality, the promise of 5G in Malaysia has captured the imaginations both tech-geeks and casual internet surfers alike. Moving past some of these futuristic claims, just the basic premise of
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Boost May Soon Become a Bank in Malaysia as Axiata Eyes Virtual Banking License
The Axiata Group is seemingly eyeing for Malaysia’s virtual banking license, according to a recent report by The Edge. According to the same report, Khairil Abdullah, CEO, Axiata Digital, said that the group “definitely expressed interest” in a virtual banking
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Grab and 4 Malaysian Banks Considering Virtual Banking License
A recent report by The Edge identified 5 parties open to applying for Malaysia’s virtual banking license, they are namely — Grab, CIMB, Affin, Hong Leong and Ambank. Of the parties reportedly open to it only Grab and Affin seem
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Soft Space Powers Maybank’s Tap2Phone Payments Solution
Maybank in collaboration with Visa Malaysia and powered by Soft Space launched their mobile payments app for merchants, Tap2phone. This new service, enables them to accept card payments from customers by using the app on their mobile phones without the
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Kuwait Finance House First to Adopt MoneyMatch’s Enterprise Solution
MoneyMatch and Kuwait Finance House (KFH) today announced a strategic collaboration to provide cross-border payments for KFH’s customers. This partnership marks MoneyMatch’s maiden entry to provide enterprise solutions via its newest product BankFX. According to their press release Kuwait Finance
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More Than Half of Hong Leong’s Customers are Now Digital
Hong Leong revealed today at their media briefing, a growing customer adoption of its digital platforms. They shared that over 64.4% of its customers are now utilising digital and mobile platforms for banking transactions as at the end of 2018,
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Silverlake Teams Up with Japanese Fintech to Launch Robo Advisor
Silverlake Digital INX Sdn Bhd, a member of Silverlake Group, and Japanese fintech Money Design Co., Ltd. today announced the launch MYTHEO, a robo advisory service offered through a joint-venture company, GAX MD Sdn. Bhd. Silverlake is a name that
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Malaysia’s Virtual Banking Framework Nearly Complete
Following the earlier virtual banking announcement by Bank Negara Malaysia Governor, Datuk Nor Shamsiah, it was revealed to the press at MyFintech Week 2019, that the framework is 50% ready. BNM’s financial development and innovation department director Suhaimi Ali said
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MoneyMatch Announced As First To Graduate BNM’s Sandbox at MyFintechWeek
It’s official, MoneyMatch is now the first to graduate Bank Negara Malaysia’s regulatory sandbox. This was announced during a session titled “Thinking Inside the Sandbox” at MyFintech Week 2019 jointly organised by Bank Negara Malaysia and MDEC. This announcement follows
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UOB’s New Programme Aims to Drive Digital Adoption Among Malaysian SMEs
UOB Malaysia announced today, the launch of Jom Transform, a programme aimed at helping SMEs adopt digital technology to drive productivity and growth. The Jom Transform programme is run by The Finlab, an innovation accelerator under UOB, which first launched
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