Archive
BNM Collaborates With SSM to Regulate AML/CFT and TFS
Bank Negara Malaysia (BNM) will be collaborating with the Companies Commission of Malaysia (SSM) to strengthen collaboration in the regulation and supervision of anti-money laundering, countering financing of terrorism (AML/CFT) and targeted financial sanctions (TFS). Both entities signed a Terms
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Kenanga Bets Big on Its Super App and Embedded Wealth for Their Next Phase of Growth
These days everyone wants to be a super app from bigtechs to banks and even an airline company like Air Asia. It’s easy to see why, the allure of being able to deliver a plethora of services through a single
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StanChart Malaysia Appoints Mak Joon Nien as First Local CEO
Standard Chartered Malaysia announced the appointment of Mak Joon Nien as Managing Director and Chief Executive Officer (CEO), with effect from 18 August 2022. Mak is the bank’s first Malaysian CEO. He will take over the reins from Abrar A.
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CIMB Debuts Brand New Mobile App CIMB OCTO
CIMB Group today introduced the early release of CIMB OCTO App, its next generation mobile banking app designed to deliver new features and personalisation for over 8 million customers nationwide. CIMB OCTO will be rolled out in phases and enhanced
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Kiplepay Cautions Users on Potential Data Breach Due to iPay88’s Incident
Kiplepay, an e-wallet service provider and a wholly-owned subsidiary of Green Packet, had informed its Kiple Visa Prepaid Card users via email of a potential data breach through a third-party payment gateway provider on 15th August 2022. The customer communication
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Maybank Appoints Dr Siew Chan Cheong as New Group Chief Strategy Officer
Maybank announced that it has appointed Dr Siew Chan Cheong as its Group Chief Strategy Officer, effective 15 August 2022. Dr Siew will assist and report to the Group President and CEO of Maybank, and work closely with the Board
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Touch ‘n Go Launches Digital Investment Platform GoInvest
Touch ‘n Go Group has launched GOinvest, its proprietary digital investment platform, which can be accessed through Touch ‘n Go eWallet. GOinvest’s first product offering is the Principal Islamic Money Market Fund which is developed and managed by Principal Asset
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KPMG Partners With FAOM to Catalyse the Growth of the Malaysian Fintech Sector
KPMG in Malaysia and Fintech Association of Malaysia (FAOM) signed a Memorandum of Understanding (MoU) with the aim to catalyse the growth of Malaysia’s fintech sector and the digital players in the space. Through this collaboration, KPMG and FAOM will
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Bank Islam Partners With UK Islamic Fintech Kestrl to Expand Be U’s Personalised Solutions
Bank Islam Malaysia Bhd has chosen Kestrl, a UK based Islamic Fintech that offers personal finance solutions to Muslims, to develop and implement personal financial management (PFM) features for its newly launched digital bank ‘Be U’. Through this partnership, Bank
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BNM Says iPay88’s Data Breach Does Not Involve Banks’ Systems Vulnerabilities
Bank Negara Malaysia (BNM) said in a statement that forensic investigations are still ongoing with regard to the payment gateway provider iPay88’s potential data breach incident. The breach originated from and is confined to iPay88’s payment card systems and does not
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