Blog
The Bank Branch of the Future: Consumers Prefer Hybrid Experiences
Digital banking has been displacing many branch interactions in the move towards digital. As consumers increasingly engage with their banks remotely and circumstances such as the pandemic as well as new digitally-focused strategies continue to play out, there are ongoing
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Versa Surpasses Over RM 100 Million in Transactions in Less Than a Year
Versa Asia, a Malaysian digital cash management platform, announced that it has achieved over RM 100 million in transactions. The firm has also witnessed the creation of over 30,000 accounts on its platform in less than a year after the
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Why Malaysia’s New Digital Banking License Matters
As Malaysia prepares to hand out its first digital banking licenses, fintech innovators, incumbent banks and tech providers are sharing their views and predictions on what the industry will look like following this major liberalization push. Speaking with Fintech News
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Earned Wage Access Platform Paywatch Bags US$5.25 Million in Seed Funding
Earned wage access (EWA) service provider Paywatch has raised US$ 5.25 million in a seed funding round led by US venture capital firm Third Prime and prominent family offices in Singapore and Hong Kong. Operating in South Korea, Malaysia and
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Rakuten Trade Enable Users to Trade US Stocks
Malaysian online equities broker Rakuten Trade announced the expansion of its Cash Upfront Trading Account to include access into foreign markets beginning with the US. Rakuten Trade said that this decision was based on a high volume of requests that
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Japan’s JCB Invests US$5 Million in Soft Space
Malaysian fintech startup Soft Space announced that it has formed a new strategic partnership with Japanese credit card company JCB following a US$5 million investment from the payment giant. Both entities will also engage in a series of business collaborations
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Tranglo Adds Hong Kong to Its Cross-Border Payments Network
Cross-border payments firm Tranglo has added Hong Kong as a receiving corridor on its cross-border payments network to allow near real-time payouts. Tranglo will leverage the country’s Faster Payment System, launched by the Hong Kong Monetary Authority in 2018 to
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SME Corp Partners MicroLEAP to Disburse RM 10 Million in Shariah-Compliant Financing
Shariah-compliant P2P financing platform microLEAP has just been appointed by SME Corporation Malaysia (SME Corp) as the financial intermediary under its Digital Financing Initiative (DFI) pilot project. The collaboration will see SME Corp disburse RM 10 million worth of Shariah-compliant
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BNM Paves the Way for Digital Insurance with Proposed Licensing Framework
Bank Negara Malaysia on Tuesday issued the Discussion Paper on Licensing Framework for Digital Insurers and Takaful Operators. The Discussion Paper outlines the proposed framework for licensing new digital insurers and takaful operators (DITOs) to encourage digital innovation in the
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Year End Message to Our Readers – Offline From 23rd December to the 2nd January
Fintech News Malaysia would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 23rd December 2021 to the 2nd January 2022. Until
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