Archive

How Technical Debt Impedes Your Bank’s Ability to Innovate

In a technological landscape where speed to market has become a distinct competitive advantage, technical debt can seriously impede an organisation’s ability to innovate. Technical debt refers to shortcuts taken and gaps left unaddressed, as organisations race to cut down

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62% of Malaysians Open to Investing in Cryptocurrencies

Luno, a regulated digital asset exchange in Malaysia, announced the completion of an online nationwide survey aimed at understanding the financial management habits of everyday individuals. Conducted by YouGov, the data was collected from more than a thousand Malaysian adults

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Insurtech Firm PolicyStreet Raises RM 25 Million in Series A Round

Malaysian based insurtech firm PolicyStreet.com, announced the completion of its Series A fundraising round totalling RM25 million over two tranches. The latest round is led by Altara Ventures, Auspac Ventures, Gobi Partners, and the Leong family of Mah Sing Group

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StashAway Malaysia Rolls Out Three Tech-Focused Thematic Portfolios

Southeast Asian digital wealth manager StashAway announced that it has launched three thematic portfolios given its growing popularity that is eclipsing traditional equity sectors. The themes include technology enablers, the future of consumer tech, and healthcare innovation. According to StashAway,

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Malaysia’s DuitNow and Singapore’s PayNow to Link in 2022

The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. The first phase of the PayNow-DuitNow linkage will be launched in the

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What Banks Have Learned From Two Years of Remote Working

In the past two years, the world has undergone a radical experiment like nothing we’ve witnessed before. We’ve moved from a largely office-based work environment to a near-complete remote work environment almost overnight. This is no small feat for most

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UOB Malaysia Taps Prudential’s Virtual Face-to-Face Feature to Offer Insurance

UOB Malaysia has tied up with Prudential Assurance Malaysia Berhad (PAMB) to provide customers with a suite of insurance solutions through a new Virtual Face-to-Face (VF2F) feature on Pulse, the insurer’s all-in-one health and wellness app. The bank said that

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Research Finds Malaysian Banks That Fail to Digitise Face Extinction

A new global research report from the Financial Times Focus (FT Focus) and SaaS cloud banking platform Mambu has identified that three in five banks believe they will cease to exist within five to ten years if they do not

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MDEC, FAOM Links up With 10×1000 to Offer “Flex” Fintech Programme in Malaysia

Fintech training platform 10×1000 Tech for Inclusion launched its global Fintech Foundation Programme Flex, an online certificate programme with the goal to bridge digital skills gap to drive inclusion. The Malaysia Digital Economy Corporation (MDEC) and Fintech Association of Malaysia

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Newly Minted Indonesian Fintech Unicorn Xendit Relocates Financial Hub to Malaysia

Indonesian payments unicorn Xendit will be relocating its financial hub to Malaysia, this was announced during a speech by Finance Minister, Tengku Datuk Seri Zafrul Tengku Abdul Aziz during the launch of Malaysia’s Capital Market Plan 3. The Indonesian fintech

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