Blog
4 Priorities for Banks to Secure Digital and Mobile Channels
During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This fraud surge goes hand in hand with the growing use of the mobile and digital banking channels. While this trend
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GrabPay Enhances Online Payments Security With Biometrics
GrabPay announced that it has recently strengthened its safety and security features designed to protect its users from fraud and security risks. The in-app wallet of superapp Grab has multi-layer security features will enable users to perform real-time digital transactions
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Bank Islam Takes Over BIMB’s Listing on Bursa Malaysia
Bank Islam Malaysia has become the first full-fledged Islamic financial institution to be listed in the main market of Bursa Malaysia today, taking over the listing status from BIMB Holdings Berhad (BHB). The listing marks the completion of the BHB
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Merchantrade Partners MCIS Life to Launch Micro Insurance With Celcom
Merchantrade Asia, a Malaysian money services business provider, has partnered with MCIS Insurance (MCIS Life) for a life insurance plan along with Celcom Axiata. This launch is part of the Perlindungan Tenang Voucher Programme (PTV) is an initiative by the
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SC Issues Cease and Desist to Rimau Swap for Illegally Operating a DEX
Following information received from the public, the Securities Commission Malaysia (SC) has issued a cease and desist order to RimauSwap for operating a Decentralized Exchange (DEX) without authorisation from the SC. The SC will also seek the assistance of the Malaysian
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Financial Wellness Apps Touted as Differentiator in Race Against Digibanks
Digital banks found that financial wellness and digital money management tools are at the forefront of growing market share in the new era of engagement banking. A recent Backbase commissioned study, conducted by Forrester Consulting revealed that 64% of Malaysian
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MyMy Partners Mastercard Ahead of Launch in 2022, Raises RM4 Million Funding
Homegrown e-wallet player MyMy announced its partnership for a principal membership from Mastercard to add prepaid physical and virtual cards to their offering. MyMy said in a statement that it is the only Malaysian startup that was able to receive
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Razer Ties up With PayNet to Power Tap-on Phone Services for Merchants
Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Payments Network Malaysia (PayNet) to launch the MyDebit Tap-On-Phone (TOP) feature on the RMS Virtual Terminal (RMS VT) mobile application. Through the RMS and PayNet collaboration, merchant
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Maybank Rolls Out New Business Banking App for SMEs
Maybank has launched Maybank2u Biz, a mobile-first application for small and medium sized enterprises (SMEs) to help ease their business operations. The app was developed to cater to the needs of busy business owners, who are always on the go
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HSBC Malaysia Has Entered the BNPL Arena with Visa Instalments
HSBC Malaysia has launched Visa Instalments, a new credit option to establish fixed repayment terms for select purchases over a set period of time on e-commerce platforms. The bank said that its Visa cardholders can now instantly select to pay
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