Tag "Bank Negara Malaysia"
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
Read More
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
Read More
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
Read More
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
Read More
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This list is now outdated, check out our 2020 list Fintech Events in Malaysia You Should Consider Attending in 2020 Malaysia is a home to a small, but robust fintech community, ranging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
Read More
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
Read More
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
Read More
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
Read More
Bank Negara Malaysia Approves 3 More Participants for Fintech Sandbox
Bank Negara Malaysia has approved 3 more participants to its Fintech Sandbox. This news follows their official announcement earlier in May for the first batch of approved participants of the Bank Negara Malaysia Fintech Sandbox which includes GoBear Ltd, GetCover
Read More
BNM Approves Sarawak Pay: Sarawak to Roll Out Payments System
Approval from Bank Negara Malaysia for Sarawak Pay was obtained last week , further to the approval the Sarawak Government would see the system implemented at state government departments and agencies next year. The system would allow for payments for
Read More