Archive
What is The Role of Fintech in Asia’s Growing Remittance Market?
In 2018, a record high of US$ 689 billion worth of remittance was made and US$ 529 billion of which were sent to low and middle-income countries. ASEAN, in particular, is a burgeoning region that is capturing the interest of
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EPF Enables User to Invest in Trust Fund Directly from Its Platform with i-Invest
The Employees Provident Fund (EPF) today launched its latest offering, i-Invest. It is a self-service online platform that is accessible within the Members section of i-Akaun and enables eligible members to directly invest a portion of their Account 1 savings
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EdgeProp First Property Crowdfunding to Receive Approval in Principle from SC
The Securities Commission Malaysia (SC) today announced that it has registered EdgeProp Sdn Bhd (EdgeProp) as the first Recognised Market Operator to establish and operate a property crowdfunding platform in Malaysia, following the revision of the SC’s Guidelines on Recognised
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E-Wallet CEOs to Discuss the Future of Fintech at The Selangor Smart City Convention
Southeast Asia’s Premier Smart City and Digital Economy Convention is back for the fourth time as part of the overarching events of the Selangor International Business Summit (SIBS). The theme for this year’s 4th Selangor Smart City & Digital Economy
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UOB and The Finlab Selects 16 Local SMEs for Their Jom Transform Programme
United Overseas Bank (Malaysia) Bhd (UOB Malaysia) today announced the 16 businesses selected to participate in The FinLab’s Jom Transform Programme. The businesses selected to participate in the Jom Transform Programme are from a wide range of sectors including food
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BigPay Announces the Launch of Remittance Services
BigPay, Air Asia Group’s fintech focused company announced today the launch of their international remittance service, which enables users to send money directly from Malaysia to bank accounts in Singapore, Thailand, Indonesia, and the Philippines, with no hidden fees and
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70% of Malaysians Prefer to Visit Shops that Accept Digital Payments, Visa Study Says
Digital payments are becoming the payment method of choice in Malaysia, with 70 percent of consumers preferring to visit merchants that accept digital payments compared to those that only accept cash, according to the Visa Consumer Payment Attitudes Study 2018.
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Public Bank Launches New Mobile Banking App With DuitNow’s Universal QR
Public Bank released yesterday its new mobile banking app named PB Engage MY on Google Playstore and Apple App Store. The new app features a refreshed and a slightly more modern aesthetic compared to its previous iteration. New functionality for
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CoinGecko Releases “Trust Score 2.0” to Improve Transparency Amongst Crypto Exchanges
Building upon the success of Trust Score, CoinGecko today announced Trust Score 2.0, which will bring about a more robust exchange ranking system. This was launched, following several high-profile cryptocurrency exchange closures and hacks during the first half of 2019,
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Malaysian Banks Don’t Spend Enough on Tech — At Risk of Disrupted by Virtual Banks
A recent report by S&P Global outlining the future outlook for Malaysia’s financial services sector highlighted that Malaysian banks are underspending in technology. The report contrasted the ratio of tech spending to operating expense of Malaysia banks versus the likes
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