Lending
Funding Societies Rolls Out Islamic Financing Products For Malaysian MSMEs
Digital financing platform Funding Societies has rolled out a suite of Shariah-compliant financing solutions for creditworthy and underserved Malaysian micro, small and medium enterprises (MSMEs) seeking to grow their business. These Islamic financing solutions include Business Term Financing-i, Micro Financing-i,
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Upcoming SCxSC Fintech Event Focuses on Innovative Finance in Agriculture
This year’s SCxSC Fintech Conference on 31 May 2023 aims to explore and harness the role of alternative financing avenues for the agriculture sector. This free conference is organised by the Securities Commission Malaysia (SC) in partnership with the Ministry
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Alliance Bank’s New Credit Card Touted to Be One of the Safest in Malaysia
In recent times, there has been an unfortunate flurry of financial fraud cases such as scams, security breaches, unauthorised access to bank accounts and unauthorised credit card transactions. It was recently reported that losses from financial scams totaled RM39 million
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Funding Societies, CGC Sign RM10 Million Guarantee for SME Financing
SME digital financing platform Funding Societies has signed an SME Portfolio Guarantee agreement with the Credit Guarantee Corporation Malaysia (CGC) where eligible SMEs can apply for financing between RM50,000 and RM500,000. Funding Societies and CGC are extending the first tranche
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Malaysian BNPL Firms May Be Subject to RM2 Million Minimum Requirement
The Consumer Credit Oversight Board (CCOB) is seeking public feedback on the proposed regulatory framework for credit businesses in Malaysia. The proposals outlined in this second public consultation paper (CP2) will provide further details on the implementation of the Consumer
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Mobilewalla LendBetter: The Future of Lending for New-To-Credit Prospects
Financial inclusion and credit access are essential for driving economic growth and improving livelihoods in numerous emerging markets, including South Asia. However, extending credit to underbanked and unbanked populations comes with inherent risks, especially when dealing with new-to-credit customers who
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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
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Shopee Launches SLoan, A Personal Loan Service for Select Users
Shopee has broadened its range of digital financial services to incorporate a personal loan product named SLoan. While currently only accessible to a limited group of users, the service is expected to become available to more users. Users’ credit limit
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10 Fintechs That Are Transforming SME Lending
Small and medium enterprises (SMEs) are innovative, agile and drive competition. However, they’re often shuffled to the back of the line when it comes to accessing credit. Lending to SMEs can be risky and time-consuming. Traditional financial institutions often require
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GHL Rolls Out Grab’s BNPL Service PayLater for Physical Stores
Payment solutions provider GHL Systems will continue the rollout of Grab‘s Buy Now, Pay Later (BNPL) service for its in-store merchants following the enablement of PayLater back in 2021 for online purchases. PayLater by Grab gives consumers the flexibility of
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