Posts From Vincent Fong

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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5 Top Stories That Shaped Fintech in Malaysia in 2020

When we entered into 2020 not a single one of us anticipated for it to play out the way that it did. While the pandemic has affected everyone differently even within different verticals in fintech there’s still a sense of

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Huobi is Not Authorised to Offer Crypto Exchange Services in Malaysia Outside of Labuan

Huobi recently announced that as a “localized digital asset exchange for the Malaysian market” they have launched their service to provide Malaysians a “safe and regulated way to trade cryptocurrencies” after securing a license from “Malaysian authorities”. They further added

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Fintech Players Welcome Malaysia’s New Online Lending Guidelines

The Ministry of Housing and Local Government unveiled last week a new guideline that will allow for licensed moneylenders to provide loans digitally. Zuraida Kamaruddin Minister of Housing and Local Government said that these new guidelines were released with microentrepreneurs

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How Fintech Friendly is Budget 2021 Compared to The Previous Year?

The Malaysian government continues to provide support in developing the P2P lending and equity crowdfunding (ECF) market. During the tabling of budget 2021 last Friday, Finance Minister Tengku Zafrul announced that the government will be allocating RM 50 million in

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