Tag "Bank Negara Malaysia"

Malaysia’s DuitNow and Singapore’s PayNow to Link in 2022

The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. The first phase of the PayNow-DuitNow linkage will be launched in the

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HK Fintech Unicorn Airwallex Secures License for Cross Border Payments in Malaysia

Airwallex, a cross border payments company, announced that it has secured a money services business (MSB) license issued by Bank Negara Malaysia. They said, the new license will allow Airwallex to offer modern, streamlined and integrated international payment solutions for

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In A Nutshell: Bank Negara Malaysia’s New E-Money Policy Draft

The Exposure Draft of the Policy Document on Electronic Money (e-Money) (‘Draft’) is a solid 81 pages of document that seeks to replace and supersede the current Bank Negara of Malaysia (‘BNM’)’s Guideline on Electronic Money (2008 Guidelines) which is

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Pertama Digital’s Bizarre Choice for a Digital Banking Consortium

Last week, Bursa-listed Pertama Digital announced alternative financing operator Crowdo as its first consortium partner for its digital banking bid. Pertama Digital, through its subsidiary Dapat Vista, is primarily a digital payment platform focused on consumer-to-government payments with solutions like

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Bank Negara Malaysia To Issue up To 5 Digital Banking Licenses in 2022

Bank Negara Malaysia issued on 31st December 2020 the much anticipated digital banking framework, which followed a six month public consultation period. Plans for a digital banking framework was first announced in March 2019 and were initially scheduled to open

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Bank Negara Malaysia Unveils New eKYC Guidelines Ahead of Its Virtual Banking Framework

Bank Negara Malaysia issued its policy document on Electronic Know-Your-Customer (e-KYC) on Tuesday, which follows their earlier exposure draft in December 2019. This new policy is in effect immediately for all financial institutions including banks, insurers, remmitance companies, money changers

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12 Fintech Events Happening in Malaysia You Need to Check Out in 2019

This list is now outdated, check out our 2020 list Fintech Events in Malaysia You Should Consider Attending in 2020 Malaysia is a home to a small, but robust fintech community, ranging from startup founders to bankers with a keen

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SC Malaysia Clarifies: A Crypto-Asset is Only A Security if Used in Specific Ways

Due to confusion that has come out regarding cryptocurrency within the past few weeks, the Securities Commission Malaysia has invited Fintech News Malaysia over to clarify on certain positions it holds regarding digital assets. One of the biggest revelations is

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Malaysian Regulators: Raising ICOs in Malaysia Could be an Offense

In a joint-statement issued by Bank Negara Malaysia (BNM) and Securities Commission Malaysia (SC) today, the regulators stated that Initial Coin Offering (ICO) schemes may fall under the jurisdiction of the regulators. Both the regulators warned ICO issuers that carrying

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Malaysia Central Bank Publishes Study about Cryptocurrencies

A study published by Bank Negara Malaysia in September explores the implications of a Bank Negara Malaysia cryptocurrency or as the report calls it; a central bank backed digital currency. A central bank digital currency (CBDC), if introduced, is unlikely

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