Blog
How Embedded Finance Is Revolutionising Financial Services in Southeast Asia
Embedded finance is a thriving trend that is rapidly changing the banking and financial services landscape in Southeast Asia. With around 290 million unbanked consumers in the region, embedded finance has the potential to help improve financial inclusion for those
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AEON Retail Partners bolttech to Launch Device Protection Insurance From RM25
Malaysian retail brand AEON has partnered with insurtech bolttech to roll out a new comprehensive protection programme ‘AEON SAFEGUARD; which combines device insurance and support services for all mobile devices and home appliances purchased at all 35 AEON stores nationwide.
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PolicyStreet Achieves Significant Growth, Reaching US$6 Billion Sum Insured
Malaysia’s Insurtech Startup PolicyStreet has experienced exponential growth in FY22, with its topline increasing fivefold compared to FY21 and a sum insured of over US$6 billion. Despite challenging market conditions, the company has continued to innovate, delivering tailor-made insurance products
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Futureproofing Fintech: Navigating AML Compliance in a Rapidly Evolving Sector
The fintech space is experiencing unprecedented challenges when it comes to anti-money laundering (AML) compliance. From a global pandemic that shifted users online to economic downturns and sanctions resulting from geopolitical conflicts, fintech firms face daunting challenges that can harm
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Boost Rumoured to Be Raising up to US$100M to Expand Digital Banking Operations
Boost Holdings Sdn. Bhd., a fintech unit of Malaysia’s Axiata Group Bhd., is considering raising between US$50 million to US$100 million in a new funding round, according to anonymous sources familiar with the matter. Boost Holdings is working with a
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Salim Becomes Final Co-Founder to Step Down From BigPay
Southeast Asia fintech BigPay, a venture of Capital A, has named Zubin Rada Krishnan as its acting Group CEO. Zubin, who previously served as Malaysia Country Head for BigPay, takes over from Salim Dhanani who stepped down in February to
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Citi Malaysia Appoints Vikram Singh as New CEO Effective 1 May
Citi Malaysia announced that Vikram Singh will become its new Chief Executive Officer (CEO), effective 1 May 2023. As CEO, Vikram will be responsible for leading the country team of Citi’s Malaysian franchise and overseeing the Citi Solutions Centers throughout
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Aaron Tang Succeeds David Low as Luno’s APAC General Manager
Global cryptocurrency company Luno announced that David Low will be stepping down as APAC General Manager and succeeded by Aaron Tang was most recently the Country Manager for Luno Malaysia. The appointment will take effect on 15th May 2023. As
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BNM to Co-host Virtual AML/CFT Hackathon 2023 to Help Crack Down on Financial Crime
Bank Negara Malaysia (BNM), in partnership with the Financial Intelligence Consultative Group (FICG), will be co-hosting the AML/CFT Hackathon 2023 from 1 to 28 June 2023 to develop digital solutions to help combat financial crime. Bank Negara Malaysia Deputy Governor
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Securities Commission Malaysia Launches New E-payment Platform ‘e-PATH’
The Securities Commission Malaysia (SC) has announced the launch of a new electronic payment hub known as e-PATH to provide a more seamless and secure way for market participants and the public to make online payments to the SC. e-Path
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