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Hong Leong Bets on a Digital Bank for its Expansion into Vietnam
In a bid to capture foreign markets, Malaysian banks are increasingly turning to launching a digital bank as a strategy. Hong Leong Bank announced recently that they have a launch a digital bank that they described as a next-generation, customer-centric
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How Are Malaysia’s 5 Largest Banks Responding to Fintech in 2019
Banks are often punching bags when one thinks of industries that are not innovating quick enough. When the term fintech entered our public consciousness many would often say that fintechs will eat the bank’s lunch and some even bold enough
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GrabPay Becomes First E-Wallet in Malaysia to Adopt DuitNow QR
PayNet and Grab jointly announced today that GrabPay has adopted Malaysia’s national QR payments standard, DuitNow QR; making GrabPay the first e-wallet in Malaysia to do so. This news follows Public Bank’s adoption of DuitNow QR earlier this June. DuitNow
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Which is the Top E-Wallet in Malaysia?
iPrice and App Annie recently teamed up to compile data on which is the top e-wallet in Malaysia. Their findings are based on both monthly active users and a combined number of downloads in iOS and Google Playstore. Below are
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RAMCI is The Latest in Experian’s Investment Spree into Data Companies
Experian, the global information services company announced this week that they have acquired a controlling stake in local credit bureau RAM Credit Information Sdn. Bhd (RAMCI). This acquisition is the latest in Experian’s spree of investing in companies specifically with
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Luno Is The First Cryptocurrency Exchange to Receive Full Approval in Malaysia
The Securities Commission of Malaysia has given full approval to Luno’s application to operate as a Recognized Market Operator (Digital Asset Exchange). Luno is the first cryptocurrency exchange in Malaysia to receive this approval. The regulator has confirmed that Luno
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New York Based Wahed Invest Approved to Operate Malaysia’s First Islamic Robo-Advisor
American-based Wahed Invest halal robo-advisory platform announced today that they have successfully obtained regulatory approval from the Securities Commission Malaysia to offer digital investment management services in Malaysia. Wahed Invest is the 3rd to officially enter the Malaysian market after
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PitchIN’s First ECF Exit with MyCash Online Gives its Investors 44.2% Returns
A group of MyCash Online investors have recently accepted a buyout offer for their shares from VC company 500 Startups. The offer, which gave them 44.2% returns over two years since the ECF deal, was made alongside an investment by
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Tranglo’s Minority Shareholders Sues Hong Kong Based “Unicorn” TNG Fintech Group
Minority shareholders of Malaysian based payments company Tranglo has filed an oppression suit against TNG Fintech Group which acquired 60% of equity in Tranglo from Ekuinas in October 2018. In a media statement to Fintech News Malaysia, they claimed that
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HSBC Succesfully Pilots Malaysia’s First Letter of Credit Transaction on the Blockchain
HSBC announced that it has successfully executed a live blockchain Letter-of-Credit (LC) transaction in Malaysia. The transaction involved the import of resin by Malaysia’s Simply Packaging Sdn Bhd (Simply Packaging) from a Singaporean company, both active players in the packaging
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