Archive
Split Emerges as First Malaysian Shariah-Compliant Buy Now, Pay Later Operator
Buy Now, Pay Later (BNPL) platform Split announced that its services has been reviewed and certified as a Shariah-compliant by the Masyref Advisory, a local advisory firm devoted to Islamic banking and finance. Split said that it is the first
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Axiata’s Digital Bank Consortium Inks Deal With Credit Guarantee Corp
Axiata Digital, through its subsidiary Aspirasi, will be collaborating with the Credit Guarantee Corporation Malaysia (CGC) for a potential digital bank guarantee. The Memorandum of Understanding (MoU) aims to accelerate financial inclusion for the underserved and unserved segments. Aspirasi provides
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Bank Negara Malaysia Lays Out Its Vision for Digital Banks As Deadline Looms
On 31st December 2020, Bank Negara Malaysia (BNM) unveiled its digital banking guidelines which almost immediately garnered interest from 40 parties. In this new guideline, the central bank will be issuing up to 5 digital bank licenses in 2022, with
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Innov8tif’s eKYC Solution Granted Patent to Verify Malaysian IC Microprints
The Intellectual Property Corporation of Malaysia (MyIPO) has granted Innov8tif Solutions a patent for its method of verifying the authenticity of a Malaysian identity document using a computer vision algorithm known as microprint detection technique. Microprint is a security feature
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E-Wallet Boost Launches Three More Insurance and Takaful Plans
Axiata Digital’s e-wallet Boost has introduced three new micro-insurance and takaful plans under ‘Boost Protect’ to further provide Malaysians with affordable and premium coverage. The addition of MozzieProtect, FamilyProtect and Critical Illness Care bring the total coverage plans to 13.
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BNM to Prioritise Pilot Projects for Digital Currencies in 2021-2022
Malaysia’s central bank will be running a proof-of-concept (PoC) project to gauge the merits of a central bank digital currency (CBDC) with an initial focus on wholesale CBDCs, Suhaimi Ali, Director of Financial Development and Innovation at Bank Negara Malaysia
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Malaysia and Thailand Announces Cross Border QR Payments
Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) today launched a cross-border QR payment linkage between Malaysia and Thailand. Under this linkage, consumers and merchants in both countries will be able to make and receive instant cross-border QR
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BNM Tells Lobby Groups to Respect the Digital Bank Licensing Process
During a Fintech Fireside Asia chat session organised by Fintech News Malaysia today, Suhaimi Ali, Director of Innovation and Development at Bank Negara Malaysia (BNM) tells digital bank applicants to respect the process. He highlighted that they are seeing a
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MDEC Appoints Ruslena Ramli as Director of Fintech and Islamic Digital Economy
The Malaysia Digital Economy Corporation (MDEC) announced the appointment of Ruslena Ramli as its Director of Fintech and Islamic Digital Economy, a role previously held by Norhizam Kadir who has served in MDEC for over 5 years. She will report
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pitchIN Secures RM 5.5 Million Through Its Own Equity Crowdfunding Campaign
pitchIN, a Malaysian equity crowdfunding platform (ECF), announced that it has concluded its very own equity crowdfunding campaign on Leet Capital with RM 5.5 million raised from 322 investors. This fundraise will enable pitchIN to expand its operations to serve
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