Archive
PolicyStreet Secures Australian License in Regional Expansion Push
Malaysian insurtech company PolicyStreet announced that it has secured the Australian Financial Services License from the Australian Securities and Investments Commission (ASIC). The license allows PolicyStreet to offer financial product advice and services for general insurance products to Australian retail
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Digital Banks Could Be the Key to Promoting Financial Inclusion for Malaysia’s B40
Financial inclusion is a vital aspect of economic growth, and it is critical to ensure that all individuals have access to financial services. Unfortunately, in Malaysia, many people from the B40 group (the bottom 40 percent of income earners) still
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FWD to Snap up Majority Stake in Gibraltar BSN Life, Plans for Rebrand
FWD Group inks deal to snap up a majority stake in Gibraltar BSN Life in a bid to enter the Malaysian life insurance market. The transaction is expected to close in the second quarter of 2023. Through this deal, FWD
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Alliance Bank Malaysia Lays Out Growth Plan for the Next 4 Years
Alliance Bank Malaysia has announced its new strategic plan Acceler8 that will be the blueprint for the bank’s growth for the next four years until 2027. The Acceler8 plan includes the expansion efforts into new market segments and business verticals
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Shopee Launches SLoan, A Personal Loan Service for Select Users
Shopee has broadened its range of digital financial services to incorporate a personal loan product named SLoan. While currently only accessible to a limited group of users, the service is expected to become available to more users. Users’ credit limit
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Joel Neoh Steps Down as Fave CEO Two Years After Pine Labs’ Acquisition
Payments platform Fave announced that its Founder and Chief Executive Officer Joel Neoh will leave his role by early March 2023. Co-founder Yeoh Chen Chow will continue to lead the business together with Avantika Jain, General Manager in Singapore, Aik
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RHB’s Hackathon Pulled In Over 400 Participants From 5 ASEAN Countries
RHB Banking Group’s recently concluded ‘Get Your Hack On’: ASEAN Edition 2023 Hackathon drew more than 400 technology-savvy innovators from five countries across the ASEAN region. The third third instalment of this hackathon brought together tech talents from universities, corporates
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Singapore-Based Neobank Inypay Focusing On Sustainable Development Goals
Singapore-based Inypay announced that it will be launching its neobank, which has been in development for over 6 months, in Q2 2023. The key focus of Inypay is sustainable fintech. In its mission to improve the lives of the underserved
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What Can Entrepreneurs Learn from HelloGold’s Failed Consumer Business
During the cryptocurrency frenzy of the mid- to late-2010s, the HelloGold gold savings app was launched in Malaysia to a curious public. Allowing savings in gold for as low as RM 1, many wondered if this alternative business model would
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Fi Life Joins BNM Sandbox to Rollout Women-Focused Insurance
Malaysian insurtech startup Fi Life announced today the launch of its first self-underwritten life insurance product which claims to offer the cheapest life insurance for women, available online. Fi Life said that any woman below the age of 55 will
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