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Insurtech

Tune Protect Gets Approval for BNM Sandbox

Tune Protect Group announced that its wholly owned subsidiary Tune Protect Ventures (Tune Protect Life) has received Bank Negara Malaysia’s (BNM) approval to participate in the Financial Technology Regulatory Sandbox. Tune Protect Life will provide simple and affordable pure life

E-Wallets

Boost Rolls Out Merchant B2B Wallet With Limit of up to Half a Million

Axiata Group’s fintech arm Boost announced that it has launched its Merchant B2B Wallet with a limit of up to RM500,000. The Merchant B2B Wallet is integrated into the existing Boost Biz app with a QR code payment functionality. The

Payments

Indonesian Payments Unicorn Xendit Officially Expands to Malaysia

Indonesian fintech unicorn Xendit announced that it has officially made its entry into the Malaysian market to offer its payment solution for businesses. Former Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz had previously announced that Xendit would be relocating

Digital Banking

MoneyLion’s Malaysian Co-Founder Foong Chee Mun Steps Down as CTO

Foong Chee Mun announced in a LinkedIn post that he will be stepping down as the Chief Technology Officer of MoneyLion. He said the decision was made after “much thought and consideration” and that it was time for him to

Payments

Revenue Group Names Former GHL Top Exec Danny Leong as New Group CEO

Payment solutions provider Revenue Group announced that it has appointed Danny Leong Kah Chern as its Group Chief Executive Officer effective 6 January onwards. Leong has more than 28 years of experience in driving growth in companies across ASEAN from

Payments

Gary Yeoh Joins PayNet as CCO After Hops at Fave and Atome

Malaysian payments network and infrastructure provider PayNet has appointed Gary Yeoh as its new Chief Commercial Officer. The new appointment to oversee PayNet’s commercial operations follows an eventful year for Yeoh, a veteran of the Malaysian payments scene who had

Digital Transformation Innovation

The Story of Sugar: Why a Company Pivoted from Buy Now Pay Later to Save Now Buy Later

Buy now pay later, or BNPL, solutions have recently gained traction. These solutions allow customers to purchase items and pay for them later, either in installments or full. A Juniper Research report predicts that BNPL users will surpass 900 million

Various

SC’s Deputy CEO Steps Down; Two New Managing Directors Appointed

The Securities Commission Malaysia (SC) today announced the appointment of Kamarudin Hashim and Datin Azalina Adham as its new Managing Directors, effective 1 January 2023. The SC also announced that its Deputy Chief Executive Datuk Zainal Izlan Zainal Abidin will

Top 5 Stories That Shaped Malaysia’s Fintech Scene in 2022

Various

OCBC Malaysia Rolls Out Kill Switch Available 24/7 to Combat Rising Scams

OCBC Malaysia has beefed up its security measures by introducing a kill switch that will enable its customers to immediately freeze their bank accounts and cards if there is any suspicion of fraud. Available 24/7, the OCBC Kill Switch is