Archive

Grab to Hire 200 Staff for Its New Digital Bank in Malaysia

Grab Holdings Limited (NASDAQ: GRAB) and Singtel announced today that GXS Bank Pte. Ltd., their digital bank joint venture, and a consortium of Malaysian investors including Kuok Brothers Sdn. Bhd (the “Malaysia digital bank consortium”) have been selected to receive

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Bank Negara Malaysia Announces Much Anticipated Digital Banking Licenses

After a month of delay, Bank Negara Malaysia (BNM) finally announced the list of successful applicants. The framework which was first issued on 30th December 2020, was hotly contested and attracted 29 parties to bid for the licenses. The central

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BNM and SC Calls for Financial Institutions to Ramp up Response to Climate Change

The Joint Committee on Climate Change (JC3) has emphasized the need for the financial sector to strengthen its response to climate change. Established in 2019, JC3 is chaired by Bank Negara Malaysia (BNM) and the Securities Commission Malaysia with other members

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Touch ‘n Go eWallet Rolls Out Travel Insurance Offering With AIA

TNG Digital, owner and operator of Touch ‘n Go eWallet, announced the launch of SafeTrip, its second insurance product collaboration with AIA Malaysia. SafeTrip is a travel insurance plan for both domestic and international travel which covers travel inconvenience, medical expenses,

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Micro-Investment App Raiz Partners Now Available to Non-Maybank Users

Raiz Malaysia, a joint venture company between Raiz Invest Australia and Permodalan Nasional Berhad (PNB), enables its customers to link their bank cards via the micro-investment app through its partnership with Visa. Following its launch in July 2020, Raiz was

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Kenanga’s Robo-Advisor Crosses RM100 Million AUM Milestone in 2 Months

Kenanga Digital Investing (KDI) announced that it has crossed RM100 million in asset under management (AUM) two months since its launch in mid-February this year. Developed to make investing simpler and accessible for Malaysians, the AI – driven digital investment

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Earned Wage Access Platform Payd Raises RM7.5 Million in Seed Funding

Payd, a Malaysian earned wage access solution provider, announced that it has raised US$1.7 million (RM7.5 million) in a seed funding round led by IFS Capital. The round also received participation from 1982 Ventures and The Hive Southeast Asia, a

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Al Rajhi Picks Moneythor to Roll Out Data-Driven PFM Offering for Its Digibank

Al Rajhi Bank Malaysia (ARBM) announced that it has selected Moneythor, a Singaporean digital banking solution provider, to integrate personal financial management (PFM) features into its upcoming digital bank in Malaysia. The bank said that it will deploy Moneythor’s PFM

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Dennis Martin Retires as CTOS’ Group CEO

Credit reporting agency CTOS Digital announced in a Bursa filing last Friday that its Group CEO Dennis Martin will be retiring from his position and will serve as Vice Chairman to the board effective 1st May 2022. Dennis joined CTOS

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Touch ‘n Go Launches New Upgraded Card Enabling In-App Reloads

Touch ‘n Go (TNG) Group today announced the launch of its upgraded card that allows users to reload from their app without any surcharges. The upgraded card also has a new minimalistic look that comes with higher encryption levels to

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