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    Digital Banking

    ANGKASA Joins Digital Banking Bid With Boustead to Serve 7 Million Cooperative Members

    By Fintech News MalaysiaJuly 2, 2021

    Angkatan Koperasi Kebangsaan Malaysia Berhad’s (ANGKASA) subsdiary MyAngkasa Digital Services, Boustead Holdings Berhad, and another party that they described as…

    Digital Banking

    Bank Negara Malaysia Received 29 Applications for Digital Banking License

    By Vincent FongJuly 2, 2021

    Bank Negara Malaysia confirmed today in a statement that it has received 29 applications for a digital bank licence under…

    Digital Banking

    Presto’s Parent Firm PUC Bids for Digital Banking License with 2 State Governments

    By Fintech News MalaysiaJuly 2, 2021

    E-commerce platform PUC announced that it has formed a consortium with two unnamed state governments and a conglomerate to submit…

    Digital Banking

    BigPay Enters into Digital Banking Bid with MIDF and Ikhlas Capital

    By Fintech News MalaysiaJuly 1, 2021

    BigPay has officially submitted its application for a digital banking licence to Bank Negara Malaysia. BigPay’s consortium include Malaysian Industrial…

    Digital Banking

    Grab Confirms Digital Banking Bid in Malaysia with Singtel and “Malaysian Investors”

    By Vincent FongJuly 1, 2021

    Following statements issued by Singtel to Singaporean press, Grab confirms that it has applied for a digital banking license through…

    Islamic Fintech Lending

    Split Emerges as First Malaysian Shariah-Compliant Buy Now, Pay Later Operator

    By Fintech News MalaysiaJune 30, 2021

    Buy Now, Pay Later (BNPL) platform Split announced that its services has been reviewed and certified as a Shariah-compliant by…

    Digital Banking

    Axiata’s Digital Bank Consortium Inks Deal With Credit Guarantee Corp

    By Fintech News MalaysiaJune 28, 2021

    Axiata Digital, through its subsidiary Aspirasi, will be collaborating with the Credit Guarantee Corporation Malaysia (CGC) for a potential digital…

    Digital Banking

    Bank Negara Malaysia Lays Out Its Vision for Digital Banks As Deadline Looms

    By Fintech News MalaysiaJune 28, 2021

    On 31st December 2020, Bank Negara Malaysia (BNM) unveiled its digital banking guidelines which almost immediately garnered interest from 40…

    Regtech/Regulation Security

    Innov8tif’s eKYC Solution Granted Patent to Verify Malaysian IC Microprints

    By Fintech News MalaysiaJune 28, 2021

    The Intellectual Property Corporation of Malaysia (MyIPO) has granted Innov8tif Solutions a patent for its method of verifying the authenticity…

    E-Wallets Insurtech

    E-Wallet Boost Launches Three More Insurance and Takaful Plans

    By Fintech News MalaysiaJune 25, 2021

    Axiata Digital’s e-wallet Boost has introduced three new micro-insurance and takaful plans under ‘Boost Protect’ to further provide Malaysians with…

    Blockchain/Bitcoin

    BNM to Prioritise Pilot Projects for Digital Currencies in 2021-2022

    By Fintech News MalaysiaJune 23, 2021

    Malaysia’s central bank will be running a proof-of-concept (PoC) project to gauge the merits of a central bank digital currency…

    Payments

    Malaysia and Thailand Announces Cross Border QR Payments

    By Fintech News MalaysiaJune 18, 2021

    Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) today launched a cross-border QR payment linkage between Malaysia and…

    Digital Banking

    BNM Tells Lobby Groups to Respect the Digital Bank Licensing Process

    By Vincent FongJune 17, 2021

    During a Fintech Fireside Asia chat session organised by Fintech News Malaysia today, Suhaimi Ali, Director of Innovation and Development…

    Various

    MDEC Appoints Ruslena Ramli as Director of Fintech and Islamic Digital Economy

    By Fintech News MalaysiaJune 16, 2021

    The Malaysia Digital Economy Corporation (MDEC) announced the appointment of Ruslena Ramli as its Director of Fintech and Islamic Digital…

    Crowdfunding Funding

    pitchIN Secures RM 5.5 Million Through Its Own Equity Crowdfunding Campaign

    By Fintech News MalaysiaJune 16, 2021

    pitchIN, a Malaysian equity crowdfunding platform (ECF), announced that it has concluded its very own equity crowdfunding campaign on Leet…

    Funding Insurtech

    Digital Pet Health Insuretech Oyen Nets Over RM 1.7 Million in Seed Funding

    By Fintech News MalaysiaJune 16, 2021

    Oyen, a digital-first pet healthcare insurance provider based in Malaysia, has raised US$420,000 in a seed funding round. The fundraise…

    Lending

    IOUpay Touts Market Leadership for Months Despite Only Launching BNPL Solution Today

    By Vincent FongJune 15, 2021

    Australia Stock Exchange (ASX) listed IOUpay announced today the official launch of its Buy Now, Pay Later (BNPL) service, myIOU.…

    E-Wallets

    In A Nutshell: Bank Negara Malaysia’s New E-Money Policy Draft

    By Izwan ZakariaJune 15, 2021

    The Exposure Draft of the Policy Document on Electronic Money (e-Money) (‘Draft’) is a solid 81 pages of document that…

    Insurtech

    myTukar Ties up With PolicyStreet.com to Offer Insurance for Pre-Owned Cars

    By Fintech News MalaysiaJune 11, 2021

    myTukar, a Malaysian pre-owned car buying and selling platform, has announced a partnership with local insurtech firm PolicyStreet.com to offer…

    E-Wallets

    Merchantrade Rolls Out Payroll Solutions for Underbanked Plantation Workers

    By Fintech News MalaysiaJune 11, 2021

    Merchantrade Asia, a digital money services business operator and e-money issuer, has partnered with palm plantation management solutions provider LintraMax…

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