Archive
BNM Adds Forex Broker OctaFX to Its Consumer Alert List
Bank Negara Malaysia (BNM) has tacked on OctaFX, an online currency trading brokerage, to its Financial Consumer Alert list as of yesterday. The central bank warned consumers that OctaFX is not authorised nor approved under the relevant laws and regulations
Read More
Taiwan’s CTBC Bank Offers Tap-On-Phone Taxi Payments Powered by Soft Space
Taiwan’s CTBC Bank has partnered with Malaysian fintech firm Soft Space to allow its customers to pay their taxi fares through tap-on-phone payments. CTBC Bank’s “Tap to Phone” service leverages Android smartphones with near-field communication (NFC) technology to accept contactless
Read More
ECF and P2P Lending Has Helped Malaysia’s MSMEs Raise Over RM 2.7 Billion in Financing
In Malaysia, business financing through peer-to-peer (P2P) lending and equity crowdfunding (ECF) is on the rise, with a growing number of micro, small and medium-sized enterprises (MSMEs) turning to digital platforms to secure capital, and more investors embracing the trend
Read More
Malaysian Takaful Association Partners With FAOM to Spur Fintech Adoption
The Malaysian Takaful Association (MTA) signed a Memorandum of Understanding (MOU) with the Fintech Association of Malaysia (FAOM) to spur the adoption of fintech among takaful players in Malaysia. MTA said that this strategic initiative supports the 3 third strategic
Read More
GHL Partners Ablr to Offer BNPL Payment Options to Its Merchants and Consumers
Payment solutions provider GHL Systems (GHL) has partnered with Buy Now Pay Later (BNPL) firm Ablr to offer enhanced payment solutions to its merchants and consumers. Through this partnership, GHL’s merchant network is able to provide both businesses and consumers
Read More
Tune Protect Malaysia Introduces Its First Critical Illness Offering
Tune Protect Malaysia, the general insurance arm of Tune Protect Group, has launched its first Critical Illness Insurance offering Critical Safe+. Critical Safe+ is an online health insurance which covers advanced stages of critical illnesses with affordable cost, flexible options
Read More
Kenanga Investment Bank Ties up With Ant Group to Launch Wealth Superapp
Kenanga Investment Bank has signed a Memorandum of Understanding (MoU) with Ant Group to leverage mPaaS, a mobile development platform from the latter’s digital technology unit, to launch a Malaysian wealth superapp. According to Kenanga, the superapp is geared to
Read More
Tranglo Opens up New Payout Corridor to the UAE
Cross-border payments firm Tranglo announced that it has opened a new payment corridor to the United Arab Emirates (UAE). This is part of Tranglo’s Middle East expansion programme, which focuses on infrastructural investment and network building to add supplementary channels
Read More
SC Malaysia Places Huobi Global on Investor Alert List
The Securities Commission Malaysia (SC) has placed cryptocurrency exchange Huobi Global on its investor alert list for operating a digital asset exchange (DAX) in the country without being registered. Huobi Global [https://t.co/la9Y3ntGuq] has been added to the SC’s Investor Alert
Read More
InvestHK and HKMA Launches CBDC-Focused Vertical at the Global Fast Track 2022
Invest Hong Kong (InvestHK) and the Hong Kong Monetary Authority (HKMA) jointly announced the addition of the Central Bank Digital Currency (CBDC) track to the Global Fast Track 2022, giving local and global firms valuable opportunities to partner with the
Read More