Tag "Bank Negara Malaysia (BNM)"

Datuk Abdul Rasheed Ghaffour to Step up as BNM Governor in July

Datuk Shaik Abdul Rasheed bin Abdul Ghaffour has been appointed as the Governor of Bank Negara Malaysia (BNM) for a five-year term effective 1 July 2023 to 30 June 2028. He will succeed Tan Sri Nor Shamsiah Mohd Yunus who

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Industry Leaders Weigh In on the Future of Digital Payments

The digital payments industry has witnessed significant growth and transformation in recent years, driven by technological advancements, changing consumer behaviour, and evolving regulatory landscapes.  To explore the path forward, a panel discussion was held during the Everything Payments Summit as

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QR Payment Linkage Between Indonesia and Malaysia Has Now Gone Live

Bank Negara Malaysia (BNM) and Bank Indonesia (BI) today announced that the cross-border QR payment linkage between both countries has officially gone live. This will enable more Indonesians and Malaysians to make instant retail payments in either country by scanning

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BNM to Co-host Virtual AML/CFT Hackathon 2023 to Help Crack Down on Financial Crime

Bank Negara Malaysia (BNM), in partnership with the Financial Intelligence Consultative Group (FICG), will be co-hosting the AML/CFT Hackathon 2023 from 1 to 28 June 2023 to develop digital solutions to help combat financial crime. Bank Negara Malaysia Deputy Governor

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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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Policies, Platforms, and People: BNM Highlights the Key to Malaysia’s Digital Future

Digitalisation has been pegged as a key attribute to spur economic recovery in Malaysia, and is being touted as a major force for continued growth in the latest World Bank Malaysia Economic Monitor report released last month. Titled ‘Expanding Malaysia’s

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Digital Banks Could Be the Key to Promoting Financial Inclusion for Malaysia’s B40

Financial inclusion is a vital aspect of economic growth, and it is critical to ensure that all individuals have access to financial services. Unfortunately, in Malaysia, many people from the B40 group (the bottom 40 percent of income earners) still

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Top 5 Stories That Shaped Malaysia’s Fintech Scene in 2022

2022 was set to be a transformative year for the fintech space in Malaysia. The long-awaited reveal of the five awardees for the first digital banking licences in the country finally took place to kick the year off, and it

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