Innovation
BNM’s New Sandbox Introduces a Fast Lane for Financial Institutions
Bank Negara Malaysia (BNM) has announced updates to its Financial Technology Regulatory Sandbox Framework policy document in a bid to further boost fintech innovation in the country. Initially launched in October 2016, the framework was designed to foster a regulatory
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BNM Seeks Public Feedback on Two Key Enhancements to Its Regulatory Sandbox
Bank Negara Malaysia (BNM) is inviting feedback on its proposal to make several enhancements its existing Financial Technology Regulatory Sandbox Framework. The central bank said that the enhancements are focused at ensuring proportionate regulatory facilitation and improving operational efficiency of
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The Story of Sugar: Why a Company Pivoted from Buy Now Pay Later to Save Now Buy Later
Buy now pay later, or BNPL, solutions have recently gained traction. These solutions allow customers to purchase items and pay for them later, either in installments or full. A Juniper Research report predicts that BNPL users will surpass 900 million
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KPJ Healthcare Partners Pine Labs to Offer BNPL Payment Option
KPJ Healthcare Berhad (KPJ Healthcare) is collaborating with Pine Labs, a merchant commerce omnichannel platform, to offer flexible payment options for its patients. This service allows payments for KPJ Healthcare’s medical services to be made at Pine Labs’ point-of-sale terminals
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Traditional Banks Woo Malaysian SMEs With Digital Banking
The COVID pandemic has forever changed how businesses operate, from digitising operations, and remote working, to loan financings and banking digitally. While the impact of the pandemic has been felt across sectors of various sizes, Malaysian Small and Medium Enterprises
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Two Malaysian Fintech Founders Win at SFF Global Fintech Awards
Two Malaysian fintech companies’ co-founders and CEOs received the ASEAN FinTech Leaders awards at the recent Singapore Fintech Festival (SFF) Global FinTech Awards 2022. They were Eddy Wong Kok Hoe, Co-Founder, CEO, and Managing Director of VSure Group; and Salim
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SC Unveils Four New Digital Initiatives for MSMEs, Mid-Tier Companies
The Securities Commission Malaysia (SC) announced four new digital-related initiatives to spur the growth of the capital market and address the funding needs of Micro, Small, and Medium Enterprises (MSMEs) and Mid-Tier Companies (MTCs). The SC Chairman Dato’ Seri, Dr.
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To Become Digital Leaders, Banks Must Foster a Culture of Innovation — Here’s How
For banks, becoming digital leaders takes more than a stylish mobile app interface and a shift in the organisational structure; it also requires a culture that embraces experimentation and risk-taking, senior executives from banking institutions in Malaysia and fintech software
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Huawei and IDC’s Banking Resilience Index Uncovers How FIs Responded to COVID-19
A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded to the COVID-19 pandemic and identifies the way forward in the new normal. In a report titled Banking Industry Rises
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Global Ecosystem for Digital Transformation in the Financial Sector
COVID-19 has speeded up digital transformation by several years. According to a new McKinsey Global Survey of executives, companies across regions and industries have accelerated the digitalization of their customer and supply chain interactions, as well as of their internal
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