Archive
JCB, IDEMIA and Malaysia’s Soft Space to Trial CBDC Acceptance in Tokyo
Japan-based global payments brand JCB has launched a central bank digital currency (CBDC) pilot project in partnership with French identity technologies company IDEMIA and Malaysian digital payments technology provder Soft Space. The project, dubbed the JCB Digital Currency or JCBDC,
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Hong Kong Fintech Week 2022 Is Amped up to Push the Boundaries of Fintech
Invest Hong Kong (InvestHK) has unveiled details of Hong Kong Fintech Week 2022 (HKFW), which will take place in person and virtually from 31 October to 4 November. Themed “Pushing Boundaries, Reaping Benefits”, the seventh edition of the flagship event
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AEON’s Islamic Digital Bank to Appoint Raja Teh Maimunah as CEO
Ambank’s Managing Director of Wholesale Banking, Raja Teh Maimunah will be appointed as the CEO of Islamic digital bank consortium ACS Digital Berhad. While the announcement has not been made official yet, Fintech News Malaysia has it from a credible
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Funding Societies Appoints M’sia Country Head, Wong Kah Meng Now Group COO
SME digital financing platform Funding Societies Malaysia announced that it has appointed Chai Kien Poon as Country Head of Malaysia. In his new role, he will be responsible for managing day-to-day operations of Funding Societies in Malaysia, as well as
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Securities Commission Malaysia Inks Regional Supervisory Cooperation
The Securities Commission Malaysia (SC) has signed the IOSCO Asia Pacific Regional Committee’s (APRC) Multilateral Memorandum of Understanding for Supervisory Cooperation (Supervisory MMoU) at the International Organisation of Securities Commissions (IOSCO) annual meetings in Morocco on Monday. The SC now
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Instapay Partners With Mastercard Roll Out Prepaid Corporate Cards for SMEs
Payments firm Instapay Technologies announced the launch of the Glyd Prepaid Corporate Card for small and mid-size enterprises (SMEs) in partnership with Mastercard. Issued by Instapay, Glyd aims to help small businesses manage their expenses better, enabling them to save
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Islamic Fintech’s Rise in South East Asia
The global Islamic fintech industry is worth an estimated RM372.56 billion ($79 billion) and is growing rapidly. Southeast Asia is one of the most promising markets for Islamic fintech, with a sizeable Muslim population and a growing middle class. There
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How Tech Innovation Simplifies Payments and Reduce Risks for Fintechs, Digital Banks
In 2021, over 7.2 billion transactions were made with e-payment channels in Malaysia, a 30% year-on-year increase. This makes it the largest growth spurt since 2006, according to Malaysia Digital Economy Corporation (MDEC). The effects of pandemic-accelerated digitalisation appear to
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Malaysia Sets up National Scam Response Center to Coordinate Rapid Responses
The Malaysian government has set up a National Scam Response Center (NSRC) to streamline coordination between agencies for rapid response towards online financial scams. The command center is a joint effort between the National Anti-Financial Crime Center (NFCC), Polis Diraja
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Affin Bank Taps Aspire Systems to Bolster Its Digital Banking Journey
Affin Bank has partnered with global technology services firm Aspire Systems to lead its digital banking transformation journey. Through this partnership, Aspire Systems will help Affin to achieve digital maturity quickly and become a truly digital bank with its experience
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