Blog
BNM’s Symposium Participants Experience Making Live Cross Border QR Payments
The Malaysian central bank has kicked off its first BNM Sasana Symposium 2023 (SS2023) today at Sasana Kijang which featured an experiential showcase of the country’s cross-border QR payment linkages with Indonesia, Singapore, and Thailand. Participants of the Bank Negara
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SC and Bursa Launches Mandatory Sustainability Programme for PLC Directors
The Securities Commission Malaysia (SC) and Bursa Malaysia has rolled out a new mandatory onboarding programme on sustainability for directors of Public Listed Companies (PLCs) on the exchange. The Mandatory Accreditation Programme (MAP) Part II: Leading for Impact (LIP) is
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Dafinah Ahmed Hilmi Steps up as Hong Leong Islamic Bank’s New CEO
Hong Leong Islamic Bank today announced that Dafinah Ahmed Hilmi has stepped up as its new Chief Executive Officer (CEO). Dafinah is succeeding Jasani Abdullah, who retired at the end of April 2023 after 16 years of service at HLISB,
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PolicyStreet Raises RM67 Million Series B Led by Khazanah to Serve the Underinsured
Malaysian insurtech company PolicyStreet has raised a total of RM67 million (US$15.3 million) in a Series B fundraising round led by the country’s sovereign wealth fund Khazanah Nasional. The round was also joined by other local and international investors, including
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Malaysian Fintech Bayo Pay Raises RM10 Million Series A
Malaysian e-money service provider Bayo Pay has secured RM10 million (US$2.2 million) in a Series A funding round, according to a report by TechNode Global. The funds invested came from Softbank-backed VentureTECH SBI who poured in RM7 million (US$1.52 million)
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In Malaysia, Crowdfunding and P2P Financing Outpace VC Funding
The blossoming fintech sector in Malaysia has taken centre stage in recent years, demonstrating impressive growth driven by innovative technology, regulatory support and changing consumer behaviour. The alternative funding environment in Malaysia, however, differs significantly from the rest of Southeast
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Velmie Introduces Advanced Front End Technology For FinTechs
Velmie, a digital banking solutions provider, has released an advanced white-label UI that is said to help fintechs reduce time-to-market by 75%. Building a front end from scratch for a fintech product is a challenging and time-consuming task. Achieving the
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SC Malaysia Champions Fintech Solutions for Agri-Advancement
Malaysia’s agricultural sector isn’t just a patchwork of fields and farms, but a vital powerhouse for the nation’s economic growth and prosperity. Not only does it bolster the country’s income and create employment opportunities, but it also serves as an
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Transforming the Future of Banking Through Cloud and Open-Source Technologies
The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied on legacy systems and proprietary software, resulting in operations being siloed, scalability being limited, and high costs. However, with the
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UOB Kay Hian Wealth Advisors Forges Partnership With KoiZai
In a notable move to evolve its advisory, staff, and client services, UOB Kay Hian Wealth Advisors has formed a strategic alliance with cloud-based wealth management data platform platform KoiZai. The collaboration aims to leverage advanced financial technology solutions. As
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