Blog

UOB Malaysia Rolls Out in-App Digital Account Opening

UOB Malaysia announced the launch of a digital account opening service that enable customers to open a personal bank account anytime, anywhere via the bank’s UOB Mighty app. The bank said that its customers can now complete the onboarding process

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AIA Malaysia Takes a Minority Stake in TNG Digital, Reportedly Valuing It at RM3 Billion

AIA Malaysia announced that it will be taking a minor stake in TNG Digital, the owner of Touch ‘n Go eWallet, as part of a long-term strategic partnership. The Edge reported that this move will make AIA the fourth shareholder

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Malaysia’s High Financial Inclusion Rate Only ‘on Paper’, Mambu Says

A recent study of 2,000 global consumers by Mambu, a banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able to

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BNPL Firm Atome Records 100X Order Volume Growth in Malaysia

Singapore-based buy now pay later (BNPL) platform Atome announced that its order volume in Malaysia has grown by 100X in the first half of the year. The company also added that its online and offline merchant network has grown to

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CIMB’s EVA Chatbot Is Now Available To SME Customers

CIMB Bank and its Islamic subsidiary have introduced the EVA chatbot for small and medium enterprise (SME) customers, a conversational style and real-time commercial banking chatbot in Malaysia. EVA was first launched for retail customers in 2016 and was updated

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Rebooting SME Banking in Southeast Asia

Despite playing a significant role in Southeast Asian economies, most small and medium-sized enterprises (SMEs) still have limited access to financing and remain to this day largely underserved by traditional banks. According to the World Bank IFC’s estimates, there is

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Jirnexu Inked Deals With More Than Five Digital Banking Consortia

Malaysian fintech company Jirnexu announced that it has signed strategic partnership agreements with more than five consortia in their bids for a digital banking license. They said that with Jirnexu’s broad customer base and in-depth understanding of their financial needs

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Are Gig Platforms Doing Enough to Promote Financial Inclusion?

Comprising over 75 per cent of employment in Southeast Asia, gig workers provide the horsepower to fuel the region’s meteoric rise. Defined by its speed and convenience, the gig economy consists of individuals providing services on temporary or short-term contracts.

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CapBay Introduces Guarantee Programme for P2P Investments Backed by a Reserve Fund

CapBay, a Malaysian P2P supply chain financing platform, launches CapBay Assure; a guarantee programme that protects an investor’s principal and interest through a reserve fund while ensuring net returns (after fees) of up to 6% p.a. The Assure Programme is

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Malaysia Displays Strong Readiness for Digital Banking Services, Visa Study Says

Visa released new findings from its study which highlighted that over 74% are aware and 66 percent are interested in using digital banking services. According to the Visa Consumer Payment Attitudes study, the nation has seen a significant acceleration in

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