Blog
5 Fintech Investments Made By Malaysia’s Khazanah Nasional
The recent blockbuster funding for insurance fintech firm PolicyStreet raised RM67 million (US$15.3 million), in a Series B fundraising round that was led by Malaysia’s sovereign wealth fund Khazanah Nasional. It is among the largest capital injections for an insurtech
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How Does Malaysia’s Islamic Finance Space Compare to Indonesia?
The global financial landscape has witnessed a paradigm shift over the past few decades, with Islamic finance emerging as a key player in the industry. The Islamic banking system parallels conventional banking, functioning as an intermediary institution that aggregates surplus
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EPF Launches Belanjawanku App and Guide to Help Malaysians Be Financially Savvy
The Malaysian Employees Provident Fund (EPF) has launched the Belanjawanku mobile app and expenditure guide amidst low financial literacy and rising cost of living which has led to to Malaysians having low savings, over-indebtedness and youth bankruptcy. “This is where
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How Embedded Insurance is Changing the Face of Online Shopping
In an age where financial services are evolving to match the pace of consumers’ dynamic lifestyles, embedded insurance is gaining traction as a transformative approach to offering protection. Unlike the traditional standalone policies, the essence of embedded insurance lies in
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Where Does Malaysia’s Digital Payment Ecosystem Go From Here?
The rapid adoption of digital payments has revolutionized how we make transactions, offering benefits such as speed, affordability, and seamless experiences. This shift towards digital payments is not limited to domestic markets but has extended to cross-border transactions, with the
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MyCIF Co-invested RM638 Million via ECF and P2P Campaigns in 2022
The Malaysia Co-Investment Fund (MyCIF) reported that a total of RM638 million have been co-invested in almost 35,000 equity crowd funding (ECF) and peer-to-peer (P2P) financing campaigns in 2022, benefitting some 3,635 Malaysian MSMEs. In its Annual Report 2022 released
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Equinix Invests More Than US$100 Million for 2nd Data Center in Malaysia
American multinational company Equinix plans to open a data center in Kuala Lumpur in Q1 2024 following its expansion announcement last year to enter Malaysia with one in Johor. This will mean an additional investment of more than US$100 million
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Purposeful Coexistence in Your Journey to a Digital Core
The costs and complexity of legacy banking technology have firmly established the need for financial institutions to modernise their systems. Banks must move away from legacy infrastructure that constrains innovation and prevents them from providing the real-time, personalised banking experiences
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Datuk Abdul Rasheed Ghaffour to Step up as BNM Governor in July
Datuk Shaik Abdul Rasheed bin Abdul Ghaffour has been appointed as the Governor of Bank Negara Malaysia (BNM) for a five-year term effective 1 July 2023 to 30 June 2028. He will succeed Tan Sri Nor Shamsiah Mohd Yunus who
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StashAway and EdgeProp to Help Malaysians Invest Towards Home Ownership Goals
Southeast Asian digital wealth manager StashAway has partnered with property website EdgeProp to empower Malaysians to plan their finances wisely and save for their future homes. As the Official Investment Partner of EdgeProp START, StashAway will offer cash incentives to
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