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    Innovation

    BNM’s New Sandbox Introduces a Fast Lane for Financial Institutions

    By Fintech News MalaysiaFebruary 29, 2024

    Bank Negara Malaysia (BNM) has announced updates to its Financial Technology Regulatory Sandbox Framework policy document in a bid to…

    Blockchain/Bitcoin

    Huobi-Backed Torum Set to Launch New Digital Asset Exchange Platform in Malaysia

    By Fintech News MalaysiaFebruary 29, 2024

    The Securities Commission Malaysia (SC) has issued an approval-in-principle to Torum International, paving the way for the establishment of a…

    E-Wallets

    Touch ‘n Go eWallet to Adopt 100% e-KYC, Plans to Offer BNPL, Gold Trading

    By Fintech News MalaysiaFebruary 29, 2024

    TNG Digital, the operator of Touch ‘n Go eWallet, announced its strategic plans for 2024 today, with a focus on…

    Digital Banking

    MoneyLion’s Co-Founder Foong Chee Mun Appointed CPO at YTL-Sea Digital Bank Project

    By Fintech News MalaysiaFebruary 29, 2024

    Foong Chee Mun has assumed the role of Chief Product Officer at the YTL-Sea Digital Bank Project, which is among…

    Payments

    Soft Space Claims World-First to Bag Global MPoC Certification for SoftPOS Solution

    By Fintech News MalaysiaFebruary 28, 2024

    Malaysian fintech Soft Space announced that its SoftPOS solution FasstapTM has been certified under the Mobile Payment Commercial Off-the-Shelf (MPoC)…

    Islamic Fintech

    SC and USM Launch Varsity Hackathon for Students to Nurture Islamic Fintech Talent

    By Fintech News MalaysiaFebruary 28, 2024

    The Securities Commission Malaysia (SC), in partnership with the Computer Science Student Society of Universiti Sains Malaysia (USM), announced the…

    WealthTech

    Futu’s Investment App Moomoo Now Available in Malaysia

    By Fintech News MalaysiaFebruary 28, 2024

    Hong Kong-based Futu Holdings has officially launched its investment app Moomoo in Malaysia. This is the second market that Futu…

    Payments

    NEXEA and PayNet Launch Accelerator to Support Malaysian Payment Startups

    By Fintech News MalaysiaFebruary 27, 2024

    NEXEA, a venture capital and startup accelerator firm, has joined forces with Payments Network Malaysia (PayNet) to launch an accelerator…

    Security

    Malaysian Minister Azalina Proposes ‘Kill Switch’ Legislation to Halt Online Scams

    By Fintech News MalaysiaFebruary 27, 2024

    The Malaysian government is deliberating on introducing new legislation for a ‘kill switch’ that would empower authorities to instantly halt…

    Payments

    Malaysia and Cambodia Regulators Ink MoU on Cross-Border QR Payments

    By Fintech News MalaysiaFebruary 27, 2024

    The central banks of Malaysia and Cambodia have formalised a partnership aimed at advancing financial innovation and streamlining cross-border payment…

    Blockchain/Bitcoin

    TRM Labs Plays Role in Malaysian Police’s Crack Down on US$2.5M Crypto Fraud

    By Fintech News MalaysiaFebruary 26, 2024

    Malaysian authorities apprehended three individuals connected to a cryptocurrency fraud scheme, accused of misappropriating over US$2.5 million in digital currencies…

    Funding

    SC and Bursa Malaysia to Shorten IPO Approval Timeline to 3 Months

    By Fintech News MalaysiaFebruary 26, 2024

    The Securities Commission Malaysia (SC) and Bursa Malaysia have announced a new initiative to expedite the approval process for initial…

    Various

    SFA Initiative ‘Project Tapir’ Connects Singaporean Fintechs with Malaysian VCs

    By Fintech News MalaysiaFebruary 26, 2024

    The Singapore Fintech Association (SFA) has initiated Project Tapir, a collaborative effort with Malaysian venture capital firms Artem Ventures and…

    Digital Banking

    You Can Now Register Your Interest for AEON Bank – M’sia’s First Islamic Digibank

    By Fintech News MalaysiaFebruary 22, 2024

    AEON Bank has officially opened registration for those interested in joining Malaysia’s first Shariah-compliant digital bank. The entity was the…

    Various

    Maybank Reshuffles Management Team to Drive Growth

    By Fintech News MalaysiaFebruary 21, 2024

    In a strategic management reshuffle at Maybank, Datuk Muzaffar Hisham is slated to become the Group CEO of Islamic Banking…

    Digital Banking

    GXBank Now Offers Physical Debit Cards to All Customers

    By Fintech News MalaysiaFebruary 21, 2024

    GXBank, Malaysia’s first digital bank and a subsidiary of Singapore’s GXS Bank, announced that it has begun offering its physical…

    Funding

    Maybank Announces RM18 Billion SME Financing Plan for 2024

    By Fintech News MalaysiaFebruary 20, 2024

    Maybank has announced its plans to disburse approximately RM18 billion in SME financing for the year 2024, according to Bernama.…

    Personal Finance Mgt (PFM) WealthTech

    New Raiz App Update Allows Children to Learn Budgeting, Saving, and Investing

    By Fintech News MalaysiaFebruary 19, 2024

    Raiz, a joint venture company between Raiz Invest Australia and Permodalan Nasional Berhad (PNB), is introducing an updated version of…

    Digital Banking Insurtech

    Vircle Taps PolicyStreet to Offer Child Insurance Plan Tied to Its Visa Card

    By Fintech News MalaysiaFebruary 19, 2024

    Malaysian insurtech company PolicyStreet and Vircle, a Malaysian neobanking service provider for kids, have joined forces to launch “Vircle Club…

    Digital Banking Funding

    RHB Invests RM8.6 Million in Boost Bank, Maintains 40% Stake in Digibank

    By Fintech News MalaysiaFebruary 19, 2024

    RHB Bank has further invested RM8.6 million in Boost Bank, subscribing for an additional 8.6 million shares to maintain its…

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