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Adelene Foo Appointed as Managing Director of Grab Malaysia
Southeast Asian superapp Grab has appointed Adelene Foo as Managing Director of Grab Malaysia to succeed Sean Goh, who assumes the position of Regional Head of Deliveries and Mobility. In her role, Adelene will oversee the business strategy and operations
Read More10 Fintechs That Are Transforming SME Lending
Small and medium enterprises (SMEs) are innovative, agile and drive competition. However, they’re often shuffled to the back of the line when it comes to accessing credit. Lending to SMEs can be risky and time-consuming. Traditional financial institutions often require
Read MoreGobi Partners Invests in Malaysia-Based Fintechs Paywatch and pitchIN
Pan-Asian venture capital (VC) firm Gobi Partners announced that it has onboarded two fintech firms to its Gobi Superseed II Fund (Gobi SSII Fund). Earned Wage Access (EWA) service provider Paywatch and equity crowdfunding platform (ECF) pitchIN were among the
Read MoreBigPay Revamps App With New Design Powered by Snowdrop
Southeast Asian neobank BigPay has embarked on the first phase of its app enhancements with new design elements and experience powered by Snowdrop Solutions, a London-based Google Maps and Cloud Premier partner. Each BigPay transaction will display clear merchant names,
Read MoreMaybank Debuts ‘Kill Switch’ Feature for Maybank2u and MAE App
Maybank has introduced the ‘Kill Switch’ feature via Maybank2u (M2U) web and the MAE app as part of its efforts to combat online scams. The kill switch feature enables customers to immediately deactivate their M2U access with a click of
Read MoreInnovative Technology Remedies Almost 100% Of Payment Pain Points in APAC
The Asia-Pacific region, with 13 countries that process US$17.8 billion in digital payments per year, tends to invite issues as big as the region itself. As we kick-start 2023, banks and financial institutions (FIs) in the region will be pleased
Read MoreShopee’s Parent Company Sea to Create Over 2000 Jobs in Malaysia
Singaporean tech conglomerate Sea announced that it will be creating more than 2,000 in Malaysia as part of its expanded investment plan in the country. Sea operates three core businesses across digital entertainment, e-commerce, as well as digital payments and
Read MoreHelloGold Shutters Its Consumer Business — Users Have Until 2 Feb to Withdraw Funds
Malaysian-based fintech HelloGold, a savings app that blended gold trading with blockchain technologies, has become the latest casualty of adverse market forces and will be closing down its core business in Malaysia and Thailand. Users are given until 2nd February
Read MoreLuno Slashes 35% of Workforce as Crypto Fallout Rages On
Luno was the first digital assets exchange to be approved by the Securities Commission in Malaysia, opening the door for Malaysians to trade and store cryptocurrency assets in a more regulated setting. But as challenging macroeconomic factors adversely impact sectoral
Read MoreCIMB Debuts In-App Kill Switch to Suspend Accounts in a Suspected Breach
CIMB Bank and CIMB Islamic Bank has introduced a self-service ‘Lock Clicks ID’ feature which acts as a ‘kill switch’ for both its CIMB Clicks and CIMB OCTO apps. The new feature will enable customers to immediately freeze their online
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