Archive
BigPay Sees a 469% Spike in Remittance Transaction Volume
AirAsia Group is increasingly shifting its focus from aviation to its digital businesses as pandemic continues to batter its revenue. During its 2nd quarter financial results announcement, the group reported a 98% decline in year-on-year revenue. On the other hand,
Read More
Banks Must Gear Up for Upcoming Data-Intensive Era, Experts Say
Changing customer expectations, the rise of big techs, and COVID-19 are accelerating banks’ digital transformation, forcing them to upgrade their infrastructure to meet the requirements of the data-intensive era, experts said. At the Huawei APAC FSI Data Storage Summit virtual event, experts
Read More
Loan Origination Software Firm JurisTech Acquires iMoney
JurisTech, today announced its acquisition of iMoney. JurisTech is a leading Malaysian based company, specialising in enterprise-class software solutions for banks, financial institutions, insurance providers, and telecommunications companies. iMoney’s websites and services are used by millions of consumers in Malaysia
Read More
GHL Joins UNCDF’s i3 Program to Design Affordable Financial Solutions for SMEs
GHL Systems Berhad (GHL) and the United Nations Capital Development Fund (UNCDF) today announced a new partnership through the i3 Program, which is funded by MetLife Foundation, to focus on designing affordable financial solutions for micro, small and medium enterprises
Read More
Securities Commission Inks Fintech Cooperation Agreement With OJK Indonesia
The Securities Commission Malaysia (SC) signed a fintech cooperation agreement with Indonesia’s Otoritas Jasa Keuangan (OJK) to establish a collaborative framework to develop the fintech ecosystem in both markets. OJK Indonesia is an Indonesian government agency that regulates and supervises
Read More
5 Reasons Fintech Startups Should Join BNM & MDEC’s Fintech Booster
Earlier in August, Bank Negara Malaysia (BNM) together with the Malaysia Digital Economy Development Corporation (MDEC) jointly launched their fintech capacity building program, Fintech Booster. The program is intended to further support the growth and development of fintech companies in
Read More
DBS Ex-Chief Innovation Officer Neal Cross Recounts His Journey from Banker to Entrepreneur
In just two years of commercial operation, Australian wealthtech startup PictureWealth has grown to more than AUD$2 billion in funds under advice, annualized revenues of AUD$20 million, and a client base of over 40,000 customers. This year only, the fast-growing
Read More
Kenanga Capital Islamic Partners CapBay To Digitise Factoring Solution
Kenanga Investment Bank Berhad’s (“KIBB”) subsidiary, Kenanga Capital Islamic Sdn Bhd (KCI) has partnered with digital supply chain financing company, Bay Group Holdings Sdn Bhd (CapBay), in a bid to digitise the traditional factoring market in Malaysia. Registered and regulated
Read More
BNM Director Suhaimi Ali Explains Fintech Regulation in Malaysia
When it comes to fintech regulation, regulators in Malaysia have taken an activity-based approach that considers the sorts of businesses financial companies conduct. Depending on the nature of these business activities, startups will know whether they fall under Bank Negara
Read More
World’s Leading Online Broker Reshape the IPO Industry
Despite a challenging business environment associated with the global COVID-19 pandemic, there is still an appreciable appetite for Chinese technology-driven companies’intent on going public in the US. A total of 16 China-based companies held U.S. listings in the first half
Read More