Blog
Hong Leong Partners PayNet to Turn Sekinchan Into the First Cashless Village
Hong Leong Bank (HLB) has formed a partnership with Payments Network Malaysia (PayNet) to roll out its first ‘Project Cashless Kampung’ in Sekinchan, Selangor. This project aims to push for financial inclusion by ensuring all 24,000 Sekinchan residents have access
Read More
Indonesia’s DOKU Acquires senangPay in US$7.5 Million Deal
DOKU, an Indonesian electronic payment solutions provider, announced that it has acquired Malaysian online payment gateway senangPay for US$7.5 million by raising the funds needed from Apis Growth Fund II. The acquisition of senangPay marks the beginning of DOKU’s expansion
Read More
How Malaysia’s Oldest Islamic Bank Is Reinventing Itself Against the Wave of Digibanks
The Malaysian financial services space is undergoing an interesting phase in its evolution, shifting consumer behaviors and entrants of new players are giving incumbent banks reasons to rethink their digital strategy. Many of Malaysia’s incumbent banks are actively looking at
Read More
Malaysia’s Silverlake Axis Partners Finastra to Bolster Its Trade Finance Solutions
Silverlake Axis, an ASEAN core banking solutions provider headquartered in Malaysia, announced that it has entered into an agreement with Finastra, a global provider of financial software applications and marketplaces. Under the deal, Silverlake will be able to offer Finastra’s
Read More
GHL Rolls Out QR Payments Through LINE Messaging App in Thailand
Payment service company GHL Systems (GHL) has launched the “GHL QR Payment”, an all-in-one QR code payment channel in Thailand for merchants to easily receive payment. This combines multiple QR code and e-wallet providers on a single payment platform which
Read More
Mambu: Malaysians Want Their Banks to Become More Sustainable in the Future
More than three quarters (77%) of Malaysian consumers want their bank or financial institution to become more sustainable in the future, according to a new report from cloud banking platform Mambu. “Is the grass greener on the sustainable side?” report
Read More
RHB Enhances Its API-Driven Digital Platform With More Offerings for SMEs
RHB Banking Group has further enhanced its RHB REFLEX Premium Plus digital platform driven by an Application Programming Interface (API) integration with selected partners, to provide accounting and human resource (HR) solutions for its SME customers. RHB Reflex Premium Plus
Read More
Angkasa Says PM Ismail Sabri Will Seriously Consider Its Appeal for Digibank License
The Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa) said that its appeal to be granted a digital bank license will be given serious consideration by the Malaysian government. Previously, Angkasa and Boustead Holdings had jointly announced in July 2021 that they
Read More
How Will BNM’s Digital Insurance License Tackle Malaysia’s Underinsured Problem
Insurance is a crucial part of any good financial planning. Without sufficient protection offered by insurers, it is easy to fall into financial ruin if even a person’s savings are substantial. Malaysia’s insurance and takaful penetration rates however are dismally
Read More
Securities Commission Malaysia Makes New Leadership Appointments
The Securities Commission Malaysia (SC) announced that it has made four new senior appointments that took effect on 1 July 2022. The SC has appointed Datin Azalina Adham as Executive Director of newly created business group Strategy and Policy. Leveraging
Read More