Archive

Overcoming Recurring Billing Challenges: A Case Study on Advanced Payment Solutions

The digital payment landscape in Malaysia is evolving rapidly, but many businesses, such as insurance companies, property management firms, and micro-lending companies, still grapple with recurring billing and subscription collection challenges. These issues often stem from customer behaviours and lead

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Bank Rakyat Launches New Sandbox to Drive Fintech Partnerships

Bank Rakyat has launched its sandbox platform to drive innovation in the finance sector by facilitating stronger partnerships with fintech companies. This platform aims to accelerate the development and testing of digital financial products and services, offering a faster route

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EPF and Gobi Partner on RM250 Million Fund, Financial Inclusion Among Key Focus

The Employees Provident Fund (EPF) has announced a strategic collaboration with Pan-Asian venture capital firm Gobi Partners, committing RM250 million to support the growth of mid-to-growth stage companies in Malaysia. This partnership is aimed at fostering the development of various

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“Big Bang” Bank Upgrades Spell Trouble, Mambu Makes Case for Incremental Change

Core banking systems serve as the backbone of financial operations and customer interactions for banks worldwide. They facilitate critical transactions like loan management, withdrawals, and deposits in real-time. However, maintaining such a system comes at a hefty cost. Financial institutions

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PayNet Rolls Out Cashless Payments at 46 Bazaar Ramadhan Nationwide

Payments Network Malaysia Sdn Bhd (PayNet) is gearing up to introduce its Cashless Bazaar Ramadhan campaign, aimed at fostering the adoption of cashless payments among MSMEs in seven states throughout Malaysia. This initiative, designed to make cashless transactions the go-to

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ASNB Introduces RIA, a New Robo Advisor to Simplify Investing

Amanah Saham Nasional Berhad (ASNB), a subsidiary of Permodalan Nasional Berhad specialising in unit trust management, announced the launch of the Robo Investment Advisor (RIA) feature in its myASNB application. RIA is designed to tackle common hurdles associated with investment

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Google Cloud, Mambu, Backbase to Power Bank Muamalat’s Islamic Banking Overhaul

Bank Muamalat Malaysia has embarked on a multi-year partnership with Google Cloud, aiming to revamp its approach to digital Islamic banking in Malaysia. This collaboration is set to harness Google Cloud’s technology in infrastructure, data analytics, security, and generative AI

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FWD Group Deepens Malaysian Roots with 70% FWD Takaful Ownership

Multinational insurance company FWD Group has expanded its investment in Malaysia by acquiring an additional 21 percent stake in FWD Takaful, securing a 70 percent majority share. With this latest investment, the remaining 30 percent is held by Employees Provident

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PolicyStreet Offers Accident Coverage, Loan Protection for Auto Repairs

Regional insurtech company PolicyStreet has joined forces with Direct Lending to launch DirectCare+, an embedded microtakaful plan providing personal accident coverage and loan protection. This marks PolicyStreet’s first-ever microtakaful product. The launch of DirectCare+ comes at a critical time, given

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Razer Fintech and Razer Merchant Services Rebrands as Fiuu

Razer Fintech, the financial technology arm of Razer Inc., together with its B2B payments unit, Razer Merchant Services (RMS), announced a rebranding initiative today. The company unveils a new single name, logo, and identity as Fiuu, in a statement, they

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