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BNM: Banks Will Enforce Additional Measures to Combat Rising Financial Scams

There will be five additional measures that will be undertaken by the banking industry to combat financial scams, says Governor of Bank Negara Malaysia (BNM), Tan Sri Nor Shamsiah Mohd Yunus. The Governor announced this at a virtual exhibition by

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Instapay Raises RM21.5 Million Series A to Fuel Its Expansion Plans

Payments firm Instapay Technologies announced that it has raised US$4.75 million (RM 21.5 million) in Series A funding round. This round was led by Daiwa ACA APAC Growth I with participation from Spiral Ventures Asia Fund I as well as

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Revenue Monster Group Bags RM30 Million From The SEA Capital

Malaysian fintech Revenue Monster Group announced that it has secured RM30 million in funding from private equity firm The SEA Capital, its second round of capital injection from the investor, following a recent restructuring exercise. The group has also formed

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Open APIs, Digital Banking and Hybrid Work — How TM One Protects its Clients from Cyber Threats

The pandemic accelerated digitalisation to levels never before seen, forcing the financial sector to evolve quickly or risk being left behind. In addition to pivoting to a remote workforce, financial sector also embraced digital banking and open application programming interfaces

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CIMB Group Doubles Its Sustainable Finance Target to RM60 Billion by 2024

CIMB Group announced that it is doubling its sustainable finance target to RM60 billion by 2024 under its Green, Social, Sustainable Impact Products and Services (GSSIPS) framework. The increased target was announced during the opening of CIMB’s flagship The Cooler

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Gobi Partners Closes US$10 Million Malaysia-Focused Fund Joined by Allianz

Pan-Asian venture capital firm Gobi Partners announced the closing of its US$10 million Gobi SuperSeed II (Gobi SSII) Fund following the participation of Allianz Malaysia as a Limited Partner (LP). Other LPs backing the Gobi SSII Fund are institutional investors

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How Travel Agents Can Benefit from Tranglo’s Payments Services

After two years of stasis, the pent-up demand to cross international borders again has breathed new life into the travel industry. The UNWTO reported that global international tourist arrivals more than doubled (+130%) in January 2022 compared to 2021, amounting

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Balancing Digital and Physical Channels in the New Era of Banking and Insurance

The COVID-19 pandemic has led to a spike in demand for digital banking experiences, a shift which banks and financial services institutions around the world have responded promptly to by accelerating product roadmaps and enabling new digital experiences. But despite

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UOB Malaysia Partners SJPP to Provide RM1 Billion in Green Financing to SMEs

UOB Malaysia is partnering Syarikat Jaminan Pembiayaan Perniagaan Malaysia (SJPP) to launch the U-Green Financing programme, which will support small and medium-sized enterprises (SMEs) in embracing sustainability. The bank has allocated RM1 billion for this programme, and SJPP will be

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Luno Malaysia to Add Cardano (ADA) and Solana (SOL) to Its Platform

Digital asset exchange Luno will be adding two cryptocurrencies to its platform: Cardano (ADA) on 21 September 2022 and Solana (SOL) on 6 October 2022. This comes after the addition of Chainlink (LINK) and Uniswap (UNI) earlier this year, bringing

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