Blog
Experts Share Their Views on How Fintechs Can Navigate the COVID-19 Crisis
The COVID-19 pandemic has proven to be a strain, not just on our healthcare systems, but also on the global economy as well. Besides being concerned about the wellbeing of fellow humans, businesses are also growing increasingly concerned about surviving
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Axiata, Celcom and Boost Launches RM150 Million Fund to Aid Micro-SMEs Impacted by COVID-19
Axiata Group alongside its subsidiaries edotco and Axiata Digital announced the launch of a RM 150 Million cash funds to provide financial assistance to micro-SMEs. Axiata’s COVID-19 Assistance Program includes an initial contribution of RM20 million from the Ministry of Finance.
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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio
Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach
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What Malaysia Can Learn from China in Battling COVID-19 Using Digital Technologies
The novel coronavirus, now known as Covid-19, was first discovered in the city of Wuhan, China, in December 2019. In the short span of three months, it has spread like wildfire. Concerned by the alarming levels of spread and severity,
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Why TM ONE is Going Big on Blockchain to Eliminate Passwords
Early this year, the business solutions arm of Telekom Malaysia Berhad (TM), TM ONE announced a collaboration with Korean-based blockchain firm, FNS Value Co. Limited (FSNV). The agreement between the two parties will position TM ONE as the sole distributor
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BigPay is The Latest to Join PayNet’s Universal DuitNow QR
BigPay, announced today its participation in the DuitNow eco-system operated by Payments Network Malaysia (PayNet). BigPay users will soon be able to use DuitNow for instant domestic money transfers. In addition, BigPay customers will be able to use DuitNow QR,
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Tengku Zafrul Resigns as CIMB Group CEO to Take on Role Of Malaysia’s Finance Minister
CIMB today announced that Tengku Dato’ Sri Zafrul has resigned as its Group CEO and CEO of CIMB Bank Berhad with immediate effect. This announcement came shortly after Tan Sri Dato Haji Muhyiddin Yassin announced Malaysia’s Cabinet line-up which included
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Li Ka-Shing Backed AMTD Seeking Digital Banking License in Malaysia
Hong Kong-based AMTD revealed in an interview that they are seeking a digital banking license in Malaysia. AMTD is an independent investment banking firm established by the CK Hutchison Group who was, in turn, was founded by Hong Kong’s business
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Genting Ventures Invests in hoolah’s Series A Round Shortly After its Entry into Malaysia
hoolah, a Singapore based company, has finalized a commitment for an eight-figure Series A investment round, led by Allectus – a VC, part of the $30bn PE firm ICM, who are focused on disruptive technology companies. Joining the round are
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Bank Negara Malaysia Issues Updated Virtual Banking Draft
Following the first exposure draft for the regulatory framework for virtual banks in Malaysia published in December 2019, Bank Negara Malaysia today published an updated draft. The regulator said in a media statement that the updated drafted incorporated proposed “simplified
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