March 2023 - Fintech News Malaysia

Archive

Luno’s COO James Laniga Will Now Serve as the New CEO

Digital asset exchange Luno announced that its Chief Operating Officer James Lanigan who has been with the company for five years will now serve as its CEO. Meanwhile, Co-founder and existing Chief Executive Officer Marcus Swanepoel will be moving into

Various

Maybank Joins Bursa Malaysia’s Newly Launched Sustainability Platform

Bursa Malaysia announced the deployment of its Centralised Sustainability Platform which will be piloted by Maybank and the UMW Corporation. UMW and Maybank are pioneers of the Early Adopter Programme (EAP), running from April to October 2023, an initiative to

Security

Hong Leong Beefs up Security With Emergency Lock, Cooling Off Period

Hong Leong Bank (HLB) and Hong Leong Islamic Bank have enabled the Emergency Lock feature for both the HLB Connect online as well as the mobile banking app starting March 2023 onwards. With this new feature, customers can quickly block

Payments

Danny Leong Reconsidering His Resignation as Group CEO, Says Revenue Group

Payment solutions provider Revenue Group‘s Group CEO Danny Leong Kah Chern is reportedly reconsidering his decision to resign according to a company announcement on Bursa Malaysia. The group sought to clarify matters when Fintech News Malaysia published news of Danny’s

Digital Transformation Financial Inclusion

Bank Islam Partners MESINKIRA to Aid MSMEs in Their Digital Journey

Bank Islam Malaysia has partnered with MESINKIRA, a cloud-based retailing platform for MSMEs, to offer underbanked microentrepreneurs a chance to digitalise their businesses through an end-to end integrated mobile business management solution. Microentrepreneurs that will benefit from the collaboration are

Payments

Revenue Group’s Woes Mount as Danny Leong Resigns as Group CEO

Payment solutions provider Revenue Group‘s Group CEO Danny Leong Kah Chern has tendered his resignation just two months after he took up the position in the embattled company. According to credible sources, Danny will be stepping down officially on 23

Funding

AmBank, CGC Extends Additional RM200 Million for SME Financing

AmBank and Credit Guarantee Corporation Malaysia (CGC) has signed an SME Portfolio Guarantee (SPG) agreement to extend an additional of RM200 million financing for eligible SMEs. This marks the continuation of the SPG scheme launched in September 2016 where a

Insurtech Lending

Maybank Offers Financing, Insurance Coverage for EV and Hybrid Customers

Maybank has launched an integrated automobile financing solution for Electric Vehicle (EV) and Hybrid customers covering various aspects including financing solutions, insurance and takaful coverage as well as EV charging privileges. On the insurance front, Etiqa had previously introduced an

Various

Mohamad Hafidz Steps up as Acting CEO of airasia Super App

airasia Super App has appointed Mohamad Hafidz Mohd Fadzil (Mo) as acting CEO to succeed Amanda Woo who will be stepping down, effective 1 April. Once he steps into his new role, Mo will continue to drive the platform’s fintech