Archive
Hong Leong Offers Salary Advances With Paywatch’s Earned Wage Access Solution
Hong Leong Bank (HLB) has tied up with earned wage access (EWA) service provider Paywatch Malaysia to launch the HLB Salary Advance Employer Solution. HLB claims to be the first bank in Southeast Asia to back an EWA solution. The HLB
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SC Launches FIKRA ACE Accelerator to Spur Islamic Capital Market Growth
The Securities Commission Malaysia (SC) announced the launch of FIKRA ACE, a fintech initiative that aims to enhance the Islamic capital market (ICM) ecosystem. FIKRA ACE is the enhanced, three-year initiative following the launch of SC’s inaugural Islamic fintech accelerator
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BNM Lays Out Second Financial Inclusion Framework for the Next 4 Years
The Bank Negara Malaysia (BNM) has developed its second Financial Inclusion Framework (2023–2026) to address several remaining barriers and challenges. The four-year strategic roadmap features a shift in the focus from accessibility and usage to achieving broader development outcomes
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Touch ‘n Go Users Can Now Invest in Eight New Funds From RM10
TNG Digital has partnered with Principal Asset Management to roll out eight new unit trust funds via GOinvest, a digital investment platform on Touch ‘n Go eWallet. Launched in August 2022, GOinvest’s first product offering was the Principal Islamic Money Market
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TOPPAN IDGATE Deploys Facial Recognition Tech on Kiosks for Digital Onboarding
It can be difficult for financial institutions to rely exclusively on physical branches for comprehensive service for certain markets, particularly those spanning large territories. In such cases, Modular Service Kiosks are the perfect alternative, extending financial and payment services to
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Setel Among Three E-Wallets Appointed for eBeliaRahmah Programme
Malaysia’s Ministry of Finance has appointed Petronas’ e-payment solution Setel as one of the three e-wallet service providers for the eBeliaRahmah programme. The other two are Boost and Touch ‘n Go eWallet. Formerly known as eTunai Belia Rahmah, the programme
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Is Your Organization Leveraging the Full Potential of ISO 20022?
The advent of ISO 20022 signifies a monumental shift in the financial world, a transition that promises unprecedented transparency, efficiency, and improved risk management. This financial standard elevates transaction data richness to a new level by offering up to ten
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TNG Digital Ties up With Bank Rakyat to Enable In-App JomPAY Bill Payments
Touch ‘n Go eWallet has formed a strategic partnership with Bank Rakyat to enable in-app bill payments via JomPAY. JomPAY is the nation’s bill payment service which is run and operated by Payments Network Malaysia (PayNet), the national retail digital
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Is Earned Wage Access the Answer to Living Paycheque to Paycheque?
In today’s world, where many individuals live paycheque to paycheque, there is often a struggle to make ends meet before the next payday arrives. This financial challenge is not limited to the underbanked and unbanked populations but extends to those
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PM Anwar Launches Graduate Programme to Bolster Capital Market Talent
Prime Minister Dato’ Seri Anwar Ibrahim has launched a flagship capital market initiative to help ease the shortage of skilled talent in the field. The Capital Market Development Fund (CMDF) is funding this RM30 million graduate programme. Dubbed as investED,
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