Archive
Bank Negara Malaysia Unveils New eKYC Guidelines Ahead of Its Virtual Banking Framework
Bank Negara Malaysia issued its policy document on Electronic Know-Your-Customer (e-KYC) on Tuesday, which follows their earlier exposure draft in December 2019. This new policy is in effect immediately for all financial institutions including banks, insurers, remmitance companies, money changers
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Great Eastern Invests US$70M in Axiata Digital — The Largest Fintech Investment in Malaysia Yet
Axiata Digital the digital services arm of telco operator Axiata Group today announced a strategic investment of US$ 70 Million by Great Eastern to boost its fintech business across the region. Leading up this strategic investment, the Axiata Group and
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Mastercard: Malaysia Leads South East Asia in E-Wallet Adoption (No, Not Really)
By now you’ve probably seen the headlines plastered across multiple media outlets stating that Malaysia is leading South East Asia in e-wallet adoption with 40% of Malaysians surveyed responding that they are using e-wallets. This is followed by Philippines at
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Why Wi-Fi 6 Could Be Crucial to Banks in a Post-Pandemic World
As COVID-19 accelerates digital transformation across the globe, the financial services industry is finding it increasingly crucial to rapidly roll out digital innovations. In achieving these goals, organisations require high-bandwidth, stable, reliable, and seamless wireless networks. One such technology that
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BigPay Adds Vietnam and Australia to its Remittance Corridor
BigPay announced today the addition of two more new corridors for its international remittance service — Vietnam and Australia, with China coming soon. This follows their announcement in January of adding India, Nepal and Bangladesh corridors. BigPay said that offering
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MACROKIOSK and Silverlake Collaborate to Tap into Virtual Banking Opportunities in Asia Pacific
MACROKIOSK today announced that it will be collaborating with Silverlake to support virtual banks in Asia Pacific. In this partnership, both parties will join hands in researching and developing new products that will meet the needs of these digital banks.
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Huawei Ascends Technology in an Intelligent Era: Winning with an Ecosystem
Artificial Intelligence (AI) is no longer just a catch phrase, but is slowly becoming a new type of general computing technology. Inevitable it is one of the key drivers of technological innovation and thus social and economic revolution. Huawei never
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Green Packet Acquires eKYC Specialist Firm Xendity for US$ 10 Million
Green Packet Berhad announced today that it is acquiring technology firm Xendity which specializes in identity verification processes using e-KYC (electronic know your customer) technology. KYC is an established concept in banking involving the mandatory process of identifying and verifying
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RHB Partners with WWF and IDEMIA to Launch Recycled Debit Cards
RHB launched today an eco-friendly recycled PVC payment card that done in partnership with WWF Malaysia, Visa, and Idemia. The bank said in a media statement that this part of their effort to strengthen their commitment in sustainable practices As
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500 Startups Invests in Recurring Payment Platform Curlec
Curlec announced today that they have secured funding from 500 Startups. The fintech startup which focuses on simplifying recurring payments said that they will be using the fund to further grow their Malaysian operations through product development, strategic initiatives and
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