Bank Negara Malaysia Issues Cryptocurrency Regulation
Following the public consultation issued by Bank Negara Malaysia in December, the central bank has announced the official cryptocurrency regulation in Malaysia under the policy paper “Anti-Money Laundering and Counter Financing of Terrorism Policy for Digital Currencies (Sector 6)”. TheRead More
Telenor’s Valyou Launches Wallet-To-Wallet Remittance From Malaysia To Bangladesh
Valyou, in partnership with Mutual Trust Bank (MTB), has introduced wallet-to-wallet remittance from Malaysia to Bangladesh. This first-of-its-kind integration enables migrant workers in Malaysia to transfer money directly to any bKash account in Bangladesh using Valyou Mobile Wallet app. ValyouRead More
CIMB Bank Works with 2 Singaporean Fintech Firms To Enhance Their AI App
CIMB Bank Berhad has added new features to its mobile application, the CIMB Enhanced Virtual Assistant (EVA), to bring further personalised, convenience and improved experience to its customers. Launched in December 2016, CIMB EVA has delivered in enabling account overviewsRead More
What Are Malaysia’s Top 5 Banks Doing About Fintech?
With the wave of new fintech companies entering Malaysia, a question that often pops up in conversation is whether the banks are asleep on the wheels or are they actively beefing up their tech portfolio in response. The Fintech NewsRead More
Here Are The Nominees For Malaysia’s First Fintech Awards
The nominees for the Malaysia Fintech Awards 2018 has finally been announced, as this is the first event at this scale that is recognising the achievements of the industry we’re really excited to see who the winners will be. TheRead More
Malaysian Insurtech Firm Partners with MSIG to Protect Our Furry Friends
PolicyStreet has announced a collaboration with their insurance partner MSIG Insurance (Malaysia) Berhad (MSIG) to distribute online pet insurance in Malaysia. This insurance is an annual premium cover, covers veterinary and surgical bills, prescribed drugs and injections (subject to policyRead More
Are Regulations Restrictive for Banks to Innovate in Malaysia?
Earlier this February, CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak told The Edge that the current strict regulations in the banking industry is not creating a conducive environment for banks to be creative or innovative to respond to the oncomingRead More
Asia-Pacific Fintech Market to reach US$72 billion by 2020
Active support and initiatives by financial regulators such as the Monetary Authority of Singapore, Bank Negara Malaysia and Bank Indonesia has enabled the Asia-Pacific Fintech ecosystem to grow significantly in 2017. New innovations are expected to radically transform the way consumersRead More
The Tale of Sushi and Cryptocurrency: Are ICOs Getting Out of Hand?
Sakae Holdings Ltd announced in Singapore yesterday that they will be partnering with MC Payment to jointly develop and launch an ICO for their own cryptocurrency known as Bitecoin. Sakae Holdings is known in Malaysia for their restaurant chain SakaeRead More
Funding Societies and MoneyMatch Teams Up to Tackle the SME Market
Funding Societies and MoneyMatch, two local FinTech startups, announced an official strategic partnership to broaden access to alternative financial services for Malaysian small and medium-sized enterprises (SMEs). Funding Societies, Malaysia’s market leader (P2P) financing platform, will support efforts to buildRead More