Tag "Bank Negara Malaysia (BNM)"
E-Money License Granted: Grab Malaysia “Grabs” a Piece of the Payments Pie
Southeast Asia’s leading ride-hailing app Grab has obtained regulatory approval from Bank Negara Malaysia to launch its mobile payment service in Malaysia following it’s earlier approval from the Singaporean authorities. This move is mirrored by it’s Indonesian counterpart Go-Jek who
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Bank Negara Malaysia Releases e-KYC Guidelines for Remittance Companies
Following the announcement by Deputy Governor Jessica Chew earlier this September, Bank Negara Malaysia has officially released the e-KYC guidelines which sets out the minimum requirements and standards that an approved remittance service provider must observe in implementing e-KYC. The guideline
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Securities Commission Malaysia Embarks on Blockchain Pilot Project
Tan Sri Ranjit Singh, Chairman of Securities Commission of Malaysia announced today at the SCxSC Digital Finance Conference 2017 today that the regulator has embarked on a pilot project for distributed ledgers in the unlisted and OTC Market space. The
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Malaysian Banking Industry Pushes Fintech Development
Banks in Malaysia are pushing fintech development as they seek to harness innovation and technology to improve the financial services. The trend is largely led by the Malaysian central bank, Bank Negara Malaysia (BNM), which has been deploying efforts to
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