Archive
Securities Commission Malaysia’s IEO Guidelines Comes into Force Today
The Securities Commission Malaysia (SC) has revised its Guidelines on Digital Assets (Guidelines), which came into force today to regulate Initial Exchange Offerings (IEO) and Digital Asset Custodians (DAC). SC said that the Guidelines will facilitate the SC’s objectives in
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Kenanga Investment Bank Acquires a Small Stake in Merchantrade
Kenanga Investment Bank has acquired 4.99% equity interest in Merchantrade, a Malaysian digital money services business operator and e-money issuer. This follows Kenanga’s recent collaboration with Merchantrade to introduce their own e-wallet, Kenanga Money. “Merchantrade is one of the fastest
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GHL Unveils Financial Supermarket Ambitions with GROW
Payments firm GHL has been gradually shedding from its pure payment play in a series of announcements it has made recently on new services and partnerships. In the 2nd quarter of 2020, they secured a lending license in Malaysia, Thailand
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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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