Malaysia
Islamic Fintech’s Rise in South East Asia
The global Islamic fintech industry is worth an estimated RM372.56 billion ($79 billion) and is growing rapidly. Southeast Asia is one of the most promising markets for Islamic fintech, with a sizeable Muslim population and a growing middle class. There
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ECF and P2P Lending Has Helped Malaysia’s MSMEs Raise Over RM 2.7 Billion in Financing
In Malaysia, business financing through peer-to-peer (P2P) lending and equity crowdfunding (ECF) is on the rise, with a growing number of micro, small and medium-sized enterprises (MSMEs) turning to digital platforms to secure capital, and more investors embracing the trend
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Fintech Report 2022: Malaysia Charts a New Path for Fintech Growth
In Malaysia, regulators and policymakers are actively supporting the fintech industry by establishing a conducive regulatory environment, and through public–private partnerships. This past year has seen Malaysia unveiling a number of regulatory developments and initiatives, paving the way for greater
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Top 5 Funded Fintechs in Malaysia
The Malaysian fintech industry boasts a wide and diverse ecosystem comprising more than 230 companies. However, despite having one of Southeast Asia’s largest fintech ecosystems by the number of active fintech companies, funding activity has remained rather timid, with just
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Malaysian Banks’ CEOs Say Digital Banks Are Shaking Things Up But Not a Threat
Regulatory changes, advances in technology, and the entry of new players in the Malaysian banking sector are forcing incumbents to embrace cutting edge technologies and build strategic ties to remain competitive, experts said during Huawei and Fintech News Malaysia’s Digital
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Fintech Malaysia Report 2021 – Fintech Reaches an Inflection Point in Malaysia
It goes without saying that 2020 was a tumultuous year on the back of the pandemic that has unfortunately affected the livelihood of millions, which also served as fuel for the rapid growth of Malaysia’s fintech space. In our latest
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Financial Literacy Remains a Major Challenge in Malaysia Despite Rapid Wealthtech Adoption
In Malaysia, adoption of wealthtech and alternative asset classes has increased over the past year, but in order for the sector to reach its full potential, there’s a need to raise financial literacy levels, experts said. In a virtual panel
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5 Biggest Fintech Stories in Malaysia in 2019
We’re only 2 weeks away from 2020, for most Malaysians that grew up during the 80’s and 90’s Wawasan 2020 felt like it was a lifetime away and yet here we are, only a few days away from entering a
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MyCash Online Expands Remittance Service to Australia
MyCash Online is a marketplace designed to help the massive swaths of migrants in Malaysia and Singapore that do not have access to online banking or credit cards. This goal allowed the platform to gain a significant footing in Malaysia’s fintech,
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FundMyHome is Fine, It’s Just Mismarketed
Of all of Budget 2019’s announcements, its peer-to-peer homeownership section has been the product of biggest contention. The FundMyHome scheme, which came surprisingly quickly following the budget’s announcement seems to be a very specific and very convenient extension of the budget announcement—raising the hackles and
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