Malaysia
GXBank Officially Rolls Out Beta Digital Banking App in Malaysia
GXBank Berhad, the first of Malaysia’s five digital banking licensees to officially commence operations on 1 September, is now the first to officially launch its beta app to the Malaysian public. As of 14 November 2023, this inaugural application will
Read More
Accelerating Customer-Centric Digital Transformation in Malaysian Banks
The digital transformation journey of banks, particularly in the Asia-Pacific (APAC) region, has been a hot topic of discussion for years. Backbase, a global leader in engagement banking, has recently revealed the release of an IDC Infobrief that sheds light
Read More
Who’s Next? Malaysian Fintech Experiences Wave of Co-founder Exits
In the rapidly changing world of fintech, an unexpected development occurred in Malaysia in 2023. Several renowned co-founders leaving their positions have grabbed attention and sparked discussions about the industry’s future. While these departures may seem unrelated, they might signify
Read More
What Can Entrepreneurs Learn from HelloGold’s Failed Consumer Business
During the cryptocurrency frenzy of the mid- to late-2010s, the HelloGold gold savings app was launched in Malaysia to a curious public. Allowing savings in gold for as low as RM 1, many wondered if this alternative business model would
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More