Lending
Gary Yeoh Joins Atome Malaysia as GM After a Short Stint at Fave
Buy now, pay later (BNPL) platform Atome announced the appointment of Gary Yeoh as its General Manager. With over 20 years’ experience in retail and financial and payment sectors, Gary will be instrumental in spearheading Atome’s growth in Malaysia. Prior
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MOF, BNM, SC Task Force Seeks Feedback for BNPL Regulation
The Consumer Credit Oversight Board Task Force today issued the Consumer Credit Act consultation paper, the new act seeks to regulate and consolidate all consumer credit activities under its umbrella, and to promote fair lending and responsible conduct by credit
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Razer Merchant Services Partners Atome to Offer Its Merchants BNPL Acceptance
Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Singaporean buy now, pay later (BNPL) platform Atome to enable flexible deferred payment acceptance during checkout for its online and offline merchants. To pay, users first have
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4 Ways Alternative Data Is Improving Fintech Companies in APAC
Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging predictive models built using artificial intelligence and machine learning to support core business functions such as risk decisioning. According to
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CIMB Partners With Fave to Offer BNPL Services to Its Over 8 Million Cardholders
CIMB Bank has partnered with Southeast Asian payments platform Fave to offer buy now, pay later (BNPL) services to its customers. The offering is aimed at providing shoppers with access to an alternative and flexible payment option and connect merchants
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BNPL Platform Ablr Has Gone Live in Malaysia
Ablr, a Buy Now Pay Later (BNPL) platform, announced that it has gone live in Malaysia. The firm currently has a network of over 30 brands in Malaysia and Singapore spanning over 250 merchant points. First-time users can download the
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Malaysia’s Silverlake Axis Partners Finastra to Bolster Its Trade Finance Solutions
Silverlake Axis, an ASEAN core banking solutions provider headquartered in Malaysia, announced that it has entered into an agreement with Finastra, a global provider of financial software applications and marketplaces. Under the deal, Silverlake will be able to offer Finastra’s
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Alternative Lenders Are on the Rise to Plug the Financing Gap for SMEs
In Singapore, small and medium-sized enterprises (SMEs) are struggling to secure sufficient financing from traditional lenders, with most still largely relying on their personal networks to support their business, findings from a new study by cloud banking startup Mambu show.
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SME Lending in APAC Is the Major Opportunity for Banking-as-a-Service
Opportunities are endless with Banking-as-a-Service (BaaS), and nowhere is this more true than in Asia Pacific (APAC). Banks in the region, particularly in hubs like Singapore and Hong Kong, have embraced and become leaders in open banking, automated services, ever-improving
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Earned Wage Access Platform Payd Raises RM7.5 Million in Seed Funding
Payd, a Malaysian earned wage access solution provider, announced that it has raised US$1.7 million (RM7.5 million) in a seed funding round led by IFS Capital. The round also received participation from 1982 Ventures and The Hive Southeast Asia, a
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