Blog

Rise of Super-Apps Puts Pressure on Incumbents

In Asia, bigtechs and new digital banking challengers are rapidly gaining ground, forcing incumbent banks to rethink their business strategy and become a part of the super-app ecosystem, a new report by Finextra, in association with Infosys Finacle and OneSpan,

Regtech/Regulation

SC Invites Feedback on Tech Risk Management Framework for Capital Markets

The Securities Commission Malaysia (SC) has published a consultation paper and is seeking the public’s feedback on a proposed regulatory framework relating to the management of technology risks by capital market entities. The proposed regulatory framework for technology risk management

Cloud Digital Banking Digital Transformation

Bank Islam Selects Cloud Provider AWS to Power Its “Be U” Digital Bank

Bank Islam has selected Amazon Web Services (AWS), an Amazon.com company, as its preferred cloud provider to power its Be U digital bank. The bank is building Be U through its Centre of Digital Experience (CDX), an independent division which

Lending

Razer Merchant Services Partners Atome to Offer Its Merchants BNPL Acceptance

Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Singaporean buy now, pay later (BNPL) platform Atome to enable flexible deferred payment acceptance during checkout for its online and offline merchants. To pay, users first have

AI Lending Sponsored

4 Ways Alternative Data Is Improving Fintech Companies in APAC

Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging predictive models built using artificial intelligence and machine learning to support core business functions such as risk decisioning. According to

Lending

CIMB Partners With Fave to Offer BNPL Services to Its Over 8 Million Cardholders

CIMB Bank has partnered with Southeast Asian payments platform Fave to offer buy now, pay later (BNPL) services to its customers. The offering is aimed at providing shoppers with access to an alternative and flexible payment option and connect merchants

Financial Inclusion

RHB Expands Its Mobile ATM Services to Push Financial Inclusion in Sarawak

RHB Banking Group has launched the second phase of its mobile Automated Teller Machine (RHB Mobile ATM) service to drive greater financial accessibility amongst the underserved communities within the State of Sarawak. The bank said that the expansion of the

E-Wallets Funding

TNG Digital Raises RM750 Million From Lazada and Touch ‘n Go

TNG Digital, the owner and operator of Touch ‘n Go eWallet, has raised RM 750 million during its latest round of equity funding. This funding round was led by a new investment from Lazada Group and a follow-on investment by

Lending

BNPL Platform Ablr Has Gone Live in Malaysia

Ablr, a Buy Now Pay Later (BNPL) platform, announced that it has gone live in Malaysia. The firm currently has a network of over 30 brands in Malaysia and Singapore spanning over 250 merchant points. First-time users can download the

Digital Transformation Sponsored

Digital Transformation: Ditching the “Build vs. Buy” Mentality for a Hybrid Approach

Banks embarking on a digital transformation journey face the tough dilemma of having to choose between building platform components in-house or buying them. But instead of these two historically binary options, there is a third alternative that combines the best