Archive

You Can Now Register Your Interest for AEON Bank – M’sia’s First Islamic Digibank

AEON Bank has officially opened registration for those interested in joining Malaysia’s first Shariah-compliant digital bank. The entity was the first Islamic digital bank in the country to receive approval from Bank Negara Malaysia (BNM) to launch under the new

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Maybank Reshuffles Management Team to Drive Growth

In a strategic management reshuffle at Maybank, Datuk Muzaffar Hisham is slated to become the Group CEO of Islamic Banking and CEO of Maybank Islamic, effective 1 March 2024. Currently holding the position of Group CEO of Global Banking, his

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GXBank Now Offers Physical Debit Cards to All Customers

GXBank, Malaysia’s first digital bank and a subsidiary of Singapore’s GXS Bank, announced that it has begun offering its physical debit card to all its customers. Prior to offering physical cards, only virtual ones were available following GX Bank’s official

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Maybank Announces RM18 Billion SME Financing Plan for 2024

Maybank has announced its plans to disburse approximately RM18 billion in SME financing for the year 2024, according to Bernama. This marks a 13 percent increase from the previous year, aiming to expedite the transition of its customers towards more

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New Raiz App Update Allows Children to Learn Budgeting, Saving, and Investing

Raiz, a joint venture company between Raiz Invest Australia and Permodalan Nasional Berhad (PNB), is introducing an updated version of its Raiz Kids feature within its savings and investment app. The Raiz app enables its users to cultivate a regular

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Vircle Taps PolicyStreet to Offer Child Insurance Plan Tied to Its Visa Card

Malaysian insurtech company PolicyStreet and Vircle, a Malaysian neobanking service provider for kids, have joined forces to launch “Vircle Club Protect,” a new insurance service designed to offer financial security for children of Malaysian families who subscribe to the latter’s

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RHB Invests RM8.6 Million in Boost Bank, Maintains 40% Stake in Digibank

RHB Bank has further invested RM8.6 million in Boost Bank, subscribing for an additional 8.6 million shares to maintain its 40% stake in the digital banking venture. According to The Star, this follows Boost Holdings Sdn Bhd’s (BHSB) similar injection

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Maybank Islamic, TM Bridge Digital Divide for MSMEs With 5G Mobile Banking Bundle

Maybank Islamic in collaboration with Telekom Malaysia (TM) has launched the “Go Niaga” mobile business banking bundle for MSMEs, according to The Edge. The Go Niaga bundle is a fusion of Maybank Islamic’s robust financial solutions and TM’s advanced Uni5G

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Luno Users Can Now Verify Their Crypto Holdings With Proof of Reserves Reports

Luno, a regulated digital asset exchange in Malaysia, has announced a new initiative aimed at bolstering transparency for its users by issuing monthly proof of reserves reports. This move is designed to assure customers that their digital assets are accurately

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KTM Now Accepts E-Wallets, Debit and Credit Cards Across 80 Stations

The Malaysian Transport Ministry, led by Minister Anthony Loke, officially inaugurated the new open payment system for the Keretapi Tanah Melayu Berhad (KTMB) commuter services. Announced during a ceremony at the Ipoh Railway Station, the system is now operational across

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