Archive

UOB Malaysia Launches AI-Driven Financial Management Tool on Mobile App

United Overseas Bank Malaysia (UOB) has launched Mighty Insights, an artificial intelligence (AI)-based digital banking service to help their customers better manage their finances. Malaysia is the second market to launch Mighty Insights. The service is driven by the same

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Merchantrade Inks Deal With Ant Group to Offer Remittance Services to Alipay Users

Merchantrade, a digital money services business operator and e-money issuer, has entered into a partnership with Alibaba’s Ant Group. The collaboration allows customers of Merchantrade in Malaysia and Singapore to facilitate real-time remittances to Alipay users in China, with funds

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Meet Akru, Malaysia’s Newest Robo-Advisor

Years ago before my job with the Fintech News Network, I would drive my lifeless body to work at the crack of dawn to my office in the heart of Kuala Lumpur. During this dreaded daily commute, the local business

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Rakuten Trade Appoints Kazumasa Mise as Its New Chief Executive Officer

Rakuten Trade Sdn Bhd (Rakuten Trade) announced the appointment of Mr Kazumasa Mise as its Chief Executive Officer and a member of the Board of Directors, effective 16 October 2020, following approval from Securities Commission Malaysia. Mise replaces Mr Kaoru

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Microsoft, MDEC and MaGIC Aims to Nurture Malaysian Unicorns Through New Partnership

Microsoft Malaysia in partnership with the Malaysia Digital Economy Corporation (MDEC) and the Malaysian Global Innovation & Creativity Centre (MaGIC) have launched the Highway to a 100 Unicorns initiative. This move is said to be part of a joint effort

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Tune Protect Names AXA Affin Life’s Ex-CEO, Rohit Nambiar As Their New Group CEO

Tune Protect Group Berhad today announced the appointment of Rohit Chandrasekharan Nambiar as its Group Chief Executive Officer effective 14 October 2020. Rohit takes over the helm from Khoo Ai Lin who resigned on 31 July 2020. In his new

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Will QR Payments Mount a Challenge in a World Dominated by Plastic?

There is a quiet war waging in the consumer payments space, and no, it’s not the skirmishes between e-wallet companies trying to “out-cashback” each other. The real struggle is between card payments hunkering down to maintain dominance and QR payments

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Hong Leong Bank Unveils Fully Digital Onboarding Experience for Customers

Following the publication of Bank Negara Malaysia’s (BNM) guideline on Electronic Know-Your-Customer (eKYC), Hong Leong Bank and Hong Leong Islamic Bank (HLB) announced the offering of a full digital onboarding experience for their customers. On the same day as HLB’s

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Maybank’s Add News Key Features to Its Refreshed MAE App

Maybank today launched mobile banking and e-wallet app called MAE by Maybank2u, an app they said is built to help Malaysians take charge of their everyday money matters, beyond their regular banking needs. Maybank’s Group President and Chief Executive Officer,

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Securities Commission Says Regulated Crowdfunding Markets Raised RM1 Billion

The Securities Commission Malaysia (SC) announced at its virtual SCxSC fintech conference that more than 2,500 Micro, Small and Medium Enterprises (MSMEs) have raised more than RM1 billion through the regulated crowdfunding markets of the Malaysian capital market. Since the

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