Archive

Bank Islam’s Subsidiary Launches “Robo-Intelligent” Investment App

BIMB Investment Management Berhad (“BIMB Investment”), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, today announced the launch of BEST Invest online investment mobile application (BEST Invest app), what they described as its “first Robo-Intelligence Sustainable Shariah-ESG investing online platform.”

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MDEC Partners Crowdfunding and P2P Lending Platforms to Provide SMES Cash Flow Relief

The Malaysia Digital Economy Corporation (MDEC) today announced a partnership with seven crowdfunding operators to help entrepreneurs tide the economic challenges brought on by the COVID-19 onslaught. This announcement follows another partnership that MDEC has done with crowdfunding platforms to

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Malaysians Contribute Over RM250,000 Boost E-Wallet’s Tabung COVID-19 in 10 Days

Between 21 to 31 March 2020, Malaysians contributed a total of RM258,921.30 to the ‘Tabung COVID-19 by Boost’ fund to aid front liners in the fight against the COVID-19 pandemic. These donations have been channeled to the Ministry of Health’s

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Rakuten Trade Sees Swell in Userbase Amidst the COVID-19 MCO

Rakuten Trade, a fully digital equities broker reported a surged in user base during the Movement Control Order (MCO) Period. The equities broker said in a media statement that they saw over 11,000 new accounts activated in March, a 100%

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With Insurtech Demand Surging PolicyStreet Raises Funds Through Equity Crowdfunding

Despite the gloomy climate brought on by the COVID-19 outbreak, insurtech startup PolicyStreet is looking to fundraise through Equity Crowdfunding via pitchIN. In their statement, PolicyStreet shared that the insurance sector is seeing a “buzz of activities and has a

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Bank Negara Extends Virtual Banking Consultation Period Due to COVID-19 Distruptions

The deadline for much anticipated virtual banking framework has been extended to 30th June 2020, it is said that this extension is due to disruptions caused by the COVID-19 outbreak. This follows their previous extension from February to April after

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5 Fastest Growing Fintechs in Malaysia According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing fintechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

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Robo Advisor MYTHEO Waives Management Fees

MYTHEO a robo-advisor regulated by the Securities Commission Malaysia issued a statement assuring investors their business remains capable of serving customers and that they have sound business continuity practices in place. The robo-advisor further added that their processes are highly

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Funding Societies Offers SMEs Deferments to Help Ease Cash Flow Challenges

Funding Societies, P2P financing platform, is stepping up efforts by offering deferment or rescheduling options to help tide small and medium-sized enterprises (SMEs) over as they face challenges brought on by the coronavirus (COVID-19) outbreak. Following first quarter of 2020,

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Fintech Industry Group Lays Out Specific Aid It Needs from The Government to Survive

Fintech Association of Malaysia issued a statement urging the Malaysian government to help fintech startups survive the MCO and ride-out the COVID-19 pandemic. The association which represents over 200 fintech firms operating in Malaysia likened the industry as the “B40

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