Blog
Earned Wage Access Platform Payd Raises RM7.5 Million in Seed Funding
Payd, a Malaysian earned wage access solution provider, announced that it has raised US$1.7 million (RM7.5 million) in a seed funding round led by IFS Capital. The round also received participation from 1982 Ventures and The Hive Southeast Asia, a
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Al Rajhi Picks Moneythor to Roll Out Data-Driven PFM Offering for Its Digibank
Al Rajhi Bank Malaysia (ARBM) announced that it has selected Moneythor, a Singaporean digital banking solution provider, to integrate personal financial management (PFM) features into its upcoming digital bank in Malaysia. The bank said that it will deploy Moneythor’s PFM
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Dennis Martin Retires as CTOS’ Group CEO
Credit reporting agency CTOS Digital announced in a Bursa filing last Friday that its Group CEO Dennis Martin will be retiring from his position and will serve as Vice Chairman to the board effective 1st May 2022. Dennis joined CTOS
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Touch ‘n Go Launches New Upgraded Card Enabling In-App Reloads
Touch ‘n Go (TNG) Group today announced the launch of its upgraded card that allows users to reload from their app without any surcharges. The upgraded card also has a new minimalistic look that comes with higher encryption levels to
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Why Brands, Bigtechs, Fintechs and Banks Are All Taking Notice of Banking as a Service
The Asia Pacific region is leading the way in a revolution that is changing the way consumers interact with financial services. Banking as a Service (BaaS) has been spreading rapidly over the last couple of years, enabling brands to offer
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Ng Wei Wei Promoted to Be UOB Malaysia’s First Female CEO
UOB Malaysia announced that it will appoint Ng Wei Wei as its first female Chief Executive Officer (CEO) effective 1 May 2022 onwards. She will succeed Wong Kim Choong, who will relinquish the position after leading the bank since 2012.
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Luno Enabled US$ 52 Billion Crypto Transactions With 10 Million Customers on Board
Luno, a regulated digital asset exchange in Malaysia, announced that it has surpassed 10 million customers across over 40 countries, showing a growth of 35% year-on-year in its global customer base. The company said that it had gained an additional
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BigPay Rolls Out DuitNow Offerings for Its Malaysian Users
BigPay, a Capital A venture company and digital bank aspirant, announced that it has rolled out DuitNow offerings for its users nationwide. With this move, BigPay’s users now have access to DuitNow QR and DuitNow Transfer for all payments. In
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TheLorry Partners With microLEAP for up to RM 500,000 in Shariah-Compliant Financing
Shariah-compliant P2P financing platform microLEAP announced a strategic and multi-faceted partnership with TheLorry, a Malaysian logistics tech platform. This strategic collaboration provides TheLorry with flexible and convenient invoice financing as well as term financing options through microLEAP’s network of local
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JurisTech Partners Mambu to Create a Holistic Credit Management Platform
Malaysian fintech JurisTech announced a partnership with Mambu, a cloud-native core banking platform, with aims to create a seamless customer and user journey in the credit and financing application lifecycle. The connectivity between Mambu and JurisTech’s products allows the latter
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