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Bursa Malaysia Trialing Blockchain Powered Bonds Marketplace with Singapore’s Hashtacs
Bursa Malaysia is said to be partnering with Hashstacs to co-develop a blockchain Proof-of-Concept project dubbed “Project Harbour” for its bonds marketplace. Project Harbour is centred around the usage of Distributed Ledger Technology (” DLT”) as a register in facilitating
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Fasspay’s White Label E-Wallet Solution Receives BNM Approval for RM 10,000 Limit
Fasspay an e-money license holder regulated by Bank Negara Malaysia, has received the regulator’s approval to support a set of new offerings that will expand the capabilities of its white label e-wallet solution. Fasspay is a wholly-owned subsidiary of Soft
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MDEC Chairman Stresses Need for Comprehensive Fintech Ecosystem in Malaysia
For fintech to thrive and reach its full potential, Malaysia must establish a conducive and comprehensive fintech ecosystem where all industry participants work towards the same goals, said Datuk Wira Dr Hj. Rais Hussin Mohamed Ariff, chairman of Malaysia Digital
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Huawei Aims to Help Banks Unlock Data-Driven Intelligent Finance at Its Virtual Summit
Huawei announced that it will be hosting its APAC Financial Industry Storage Summit 2020 on the 13th August 2020. The high-level summit is targeted at keeping the C-level from banks informed on the latest trends, developments and challenges in data
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U Mobile to Offer Funding Societies’ P2P Financing Solution to SMEs Via GoBiz
Telco operator U Mobile announced a partnership with Funding Societies to offer business financing solutions for Malaysian micro, small and medium enterprises (SMEs), as well as small office/home office (SOHO) customers via its digital payment acceptance solution GoBiz. Customers of
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ECF Platform Ata Plus Sees 15% Stake Acquisition from NASDAQ Listed Firm
Ata Plus, an equity crowdfunding platform approved by the Securities Commission Malaysia announced that GreenPro Capital Corp, a NASDAQ-listed firm has acquired 15% stake in the equity crowdfunding platform operator. According to its NASDAQ listing, Green Pro is incorporated in
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HSBC Launches Digital Account Opening in Malaysia Following BNM’s New eKYC Regulation
HSBC Malaysia announced the launch of its digital account opening service, claiming that it is the first bank to do so in Malaysia. However, the process is still not a fully digital one as it still requires customers to show
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PNB Teams Up With Raiz To Launch an App That Helps You Invest Your Spare Change
Permodalan Nasional Berhad (PNB) announced on Thursday the launch its micro-investing app Raiz. Raiz is a micro investing mobile app which utilises users’ virtual spare change from rounding up everyday purchases to proactively invest into ASNB’s variable price funds based
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SC to Seek Feedback on Regulatory Framework for Digital Asset Wallet Providers
The Securities Commission Malaysia (SC) is seeking industry feedback on the regulatory framework for digital asset wallet providers, which will complement the existing frameworks for Digital Asset Exchange (DAX) and Initial Exchange Offering(IEO). Digital asset wallet providers are entities that
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Fundaztic Launches Malaysia’s First Peer-to-Peer Financing Secondary Market
Fundaztic a P2P financing platform operator, has officially rolled out their secondary market. This offers over 20,000 members of Fundaztic the opportunity to trade their existing notes with one another, this allows the, adjust their portfolio strategy and increase their
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