Tag "Bank Negara Malaysia (BNM)"

MyMy Forms Shariah-Compliant Digital Banking Consortium with Sukaniaga
Virtual Banking

MyMy Forms Shariah-Compliant Digital Banking Consortium with Sukaniaga

MyMy and Sukaniaga Sdn Bhd announced their partnership to form a digital banking consortium and bid for one of five digital banking licenses to be issued next year by Bank Negara Malaysia (BNM). The parties said that while the collaboration

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Gig Economy Challenge: How Can We Solve Pressing Issues Faced By Gig Workers?
Digital Transformation

Gig Economy Challenge: How Can We Solve Pressing Issues Faced By Gig Workers?

The importance of the gig economy has always seen a steady growth trajectory, but nothing has made its importance clearer to everyone than the COVID-19 pandemic — from delivering essential services to providing side income for those affected. Which is

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MoneyMatch Announced As First To Graduate BNM’s Sandbox at MyFintechWeek
Payments

MoneyMatch Announced As First To Graduate BNM’s Sandbox at MyFintechWeek

It’s official, MoneyMatch is now the first to graduate Bank Negara Malaysia’s regulatory sandbox. This was announced during a session titled “Thinking Inside the Sandbox” at MyFintech Week 2019 jointly organised by Bank Negara Malaysia and MDEC. This announcement follows

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MoneyMatch Becomes One Step Closer to Being the First to Graduate BNM’s Sandbox
Payments

MoneyMatch Becomes One Step Closer to Being the First to Graduate BNM’s Sandbox

MoneyMatch announced today they have been granted an approval in principle for a Class B remittance license from Bank Negara Malaysia. This makes MoneyMatch the first to receive an approval in principle among its sandbox peers, two of which has

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5 Misunderstandings About PayNet’s DuitNow—Answered
Banking

5 Misunderstandings About PayNet’s DuitNow—Answered

Here’s where we stand on this DuitNow function that was launched by PayNet, and will be adopted by 44 banks by 6th December 2018—honestly this should have happened much sooner, and it is a step in the right direction towards

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LaVida Coin Ordered to Cease Activities by Securities Commission
Blockchain/Bitcoin

LaVida Coin Ordered to Cease Activities by Securities Commission

The Securities Commission Malaysia (SC) has issued a notice for Dato’ Vida’s LaVida Coin to cease all promotional activities with immediate effect. This news follows the regulator’s previous announcement that it was reviewing LaVida Coin for possible breach of securities

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4 Reasons Why Insurtech Matters for Malaysians
Insurtech

4 Reasons Why Insurtech Matters for Malaysians

Insurtech, is one of the latest buzzwords that has entered into the fintech lexicon. For those unfamiliar with the field, one might reasonably question whether it genuinely adds value to society or it’s just another buzzword whose sole purpose is

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Malaysian Fintech Startups are Well-Positioned for Regional Expansion
Regtech/Regulation

Malaysian Fintech Startups are Well-Positioned for Regional Expansion

Amidst rising interest in fintech, startups in this vertical have been dished a rude awakening to abide by tightening guidelines and protocols set by regulatory institutions. Disregarding stricter protocols, such as e-Know Your Customers (e-KYC), could be detrimental to all

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Luno Registers as Reporting Institution with Bank Negara Malaysia
Blockchain/Bitcoin

Luno Registers as Reporting Institution with Bank Negara Malaysia

Popular cryptocurrency exchange platform, Luno, today announced that they have formally registered with Bank Negara as a reporting institution as required by the policy document: Anti- Money Laundering and Counter Financing of Terrorism (AML/CFT) – Digital Currencies (Sector 6) which

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What Are Malaysia’s Top 5 Banks Doing About Fintech?
Banking Digital Transformation

What Are Malaysia’s Top 5 Banks Doing About Fintech?

With the wave of new fintech companies entering Malaysia, a question that often pops up in conversation is whether the banks are asleep on the wheels or are they actively beefing up their tech portfolio in response. The Fintech News

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