Archive
Driving Financial Inclusion With BNPL and Smarter Decisioning
While news headlines broadcasting Buy Now, Pay Later’s (BNPL) incredible adoption trajectory are a daily occurrence, innovative lenders know that BNPL offers more than a growth story. It’s an opportunity to make headlines about how their business is empowering consumers
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Malaysia’s National Technology and Innovation Sandbox Admits Its First Fintech jomSETTLE™
jomSETTLE™, a fintech platform developed by Mazer Fintech Sdn. Bhd., announced that it is the first fintech to be admitted into the National Technology & Innovation Sandbox (NTIS) spearheaded by the Ministry of Science, Technology and Innovation Malaysia (MOSTI). The
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Touch ‘N Go’s Investment Offering GO+ Is Now Shariah-Compliant
Touch ‘n Go Group (TNG) and Principal Asset Management today jointly announced that Principal e-Cash Fund, the underlying fund for Touch ‘n Go’s GO+, is now Shariah-compliant. TNG said in a statement that this makes GO+ fund Malaysia’s first shariah
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Airasia Money Now Offers Digital Car Insurance Through Partnership with PolicyStreet
Airasia Money today announced the roll out of digital car insurance products made possibe thanks to a partnership with local insurtech firm, PolicyStreet. The services offered includes insurance and road tax renewal and price comparison of various insurance. Amanda Woo,
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Malaysian Banks’ CEOs Say Digital Banks Are Shaking Things Up But Not a Threat
Regulatory changes, advances in technology, and the entry of new players in the Malaysian banking sector are forcing incumbents to embrace cutting edge technologies and build strategic ties to remain competitive, experts said during Huawei and Fintech News Malaysia’s Digital
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Insurtech Vsure.life Secures RM 12 Million From Revenue, Enters BNM’s Sandbox
Malaysia-based insurtech firm VSure.life has secured a RM12 million investment from ACE market-listed Revenue Group through its wholly-owned subsidiary company Revenue Harvest as well as approved by Bank Negara Malaysia’s (BNM) to participate in its fintech sandbox. The partnership between
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WorldRemit Arrives on Malaysian Shores To Offer Its Remittance Service
WorldRemit, a London-based digital cross-border payments company, has officially launched its money transfer services for Malaysian customers via its app and web platform. Customers can now send money from Malaysia, in addition to 50 other countries including the UK and
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Maybank Offers Real-Time Transfers to Cambodia using Central Bank Backed Digital Currency
The National Bank of Cambodia (NBC) and Maybank have jointly launched the Maybank-Bakong Cross Border Funds Transfer, a real-time funds transfer service between Malaysia and Cambodia through the NBC’s Bakong e-wallet and Maybank’s MAE app. Bakong is a retail central
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BigPay Raises up to US$100 Million for Its Digital Banking Aspirations
Digital bank aspirant BigPay announced today that it has finalised up to US$100 million in financing from South Korean conglomerate SK Group. This is the first time any portfolio company within airasia Digital has secured financing of this size. The
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Malaysian Crypto Platform Torum Bags Investment by Huobi Ventures
Torum, DeFi and NFT social media platform that is specially designed for cryptocurrency users, announced an undisclosed strategic investment by Huobi Ventures, the US$100 million venture arm of Huobi Group, to foster blockchain adoption and ecosystem expansion. On the eve
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