Banking
Accenture: Open Banking in Malaysia Less Comprehensive Than Singapore
Following the rollout of Open Banking regulations in the UK and the launch this year of the EU’s Payment Services Directive 2 (PSD2), countries across the Asia-Pacific region are following suit to establish their own frameworks to enable banks to
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OCBC Cardholders Lacking Impulse Control Can Now Limit Purchases At Specific Merchants
Individuals with an OCBC credit card and a lack of impulse control have become the bank’s latest market in their newly minted offering. Through a collaboration with Silicon Valley company Ondot, OCBC Bank is allowing its customers the ability to
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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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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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Malaysians Can Now Link Their Hong Leong Debit Cards to WeChat Pay
Malaysians who own a Hong Leong debit card can now start treating the freshly-launched WeChat Pay as their extended Hong Leong account, with the announcement of a new partnership between the e-wallet and the bank. Now, users can link their
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CTOS To Enable Real-Time Credit Decisions For Banks
Malaysia’s credit reporting agency CTOS recently launched a solution to enable banks to make real time credit decisions. This solution will allow banks to integrate its existing system into the CTOS Application & Decisioning solution to draw data and insights into
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Digi’s vcash Will Be on 10,000 Terminals Thanks to AmBank and an SME Strategy
Besides fintech companies, telcos have been making big pushes towards growing and developing their e-wallets for Malaysia to move into the cashless future. Digi was part of that trend, with the launch their e-wallet vcash at the end of last year.
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Hong Leong Seeks Fintech Startups For Its HLB LaunchPad Mentorship Programme
Last year, Hong Leong Bank Berhad launched its inaugural HLB LaunchPad with a vision of helping Malaysian fintech startups rethink the whole industry—similar to how ride-hailing reimagined the public transportation industry. To that end, Hong Leong is now opening up
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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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OCBC Partners up with P2P Lender Fundaztic to Enhance Financing Access for SMES
OCBC Bank and Fundaztic, P2P lending platform licensed by the Securities Commission have entered into a collaborative agreement to enhance access to financing for micro, small and new businesses which forms the largest base of SMEs in the country currently
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