Blog
Malaysia’s DuitNow and Singapore’s PayNow to Link in 2022
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. The first phase of the PayNow-DuitNow linkage will be launched in the
Read More
What Banks Have Learned From Two Years of Remote Working
In the past two years, the world has undergone a radical experiment like nothing we’ve witnessed before. We’ve moved from a largely office-based work environment to a near-complete remote work environment almost overnight. This is no small feat for most
Read More
UOB Malaysia Taps Prudential’s Virtual Face-to-Face Feature to Offer Insurance
UOB Malaysia has tied up with Prudential Assurance Malaysia Berhad (PAMB) to provide customers with a suite of insurance solutions through a new Virtual Face-to-Face (VF2F) feature on Pulse, the insurer’s all-in-one health and wellness app. The bank said that
Read More
Research Finds Malaysian Banks That Fail to Digitise Face Extinction
A new global research report from the Financial Times Focus (FT Focus) and SaaS cloud banking platform Mambu has identified that three in five banks believe they will cease to exist within five to ten years if they do not
Read More
MDEC, FAOM Links up With 10×1000 to Offer “Flex” Fintech Programme in Malaysia
Fintech training platform 10×1000 Tech for Inclusion launched its global Fintech Foundation Programme Flex, an online certificate programme with the goal to bridge digital skills gap to drive inclusion. The Malaysia Digital Economy Corporation (MDEC) and Fintech Association of Malaysia
Read More
Newly Minted Indonesian Fintech Unicorn Xendit Relocates Financial Hub to Malaysia
Indonesian payments unicorn Xendit will be relocating its financial hub to Malaysia, this was announced during a speech by Finance Minister, Tengku Datuk Seri Zafrul Tengku Abdul Aziz during the launch of Malaysia’s Capital Market Plan 3. The Indonesian fintech
Read More
Experian Launches TrackMyID to Help Users Track Compromised Digital Identities
Multinational consumer credit reporting company Experian will extend its partnership with CyberSecurity Malaysia to empower Malaysians to protect their identity online. Experian has launched TrackMyID, an identity theft monitoring tool, to help Malaysian consumers track their digital identities that may
Read More
Boost Expands Insurance Offerings to Now Include Car Protection Coverage
Axiata Digital’s e-wallet Boost announced that it has expanded its insurance offerings with the launch of a car insurance “CarProtect”, which is underwritten by Great Eastern General Insurance (Malaysia) Berhad. The e-wallet said that “CarProtect offers customers protection in your
Read More
GHL Doubles Down on BNPL Offerings in ASEAN With Atome
GHL group’s payment touchpoints across Malaysia, Thailand, Philippines and Indonesia will now be able to offer Buy Now, Pay Later (BNPL) payment option to consumers, following a partnership with BNPL platform Atome. The group said that this alternative payment solution
Read More
Stronger Mobile Application Security Is the Key to Revenue Growth
Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in digital platforms. In 2020, however, the COVID-19 pandemic has dramatically accelerated this shift. With less access to bank branches, the
Read More