Various
Berjaya Corp Sells off 30% Stake in Razer Fintech for More Than RM220 Million
Malaysian conglomerate Berjaya Corporation (BCorp) announced that it has sold off 30 percent of its equity interest in Razer Fintech to Razer Midas for US$53.57 million (approximately RM223.89 million). BCorp will be holding on to the remaining 19 percent stake
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Bank Negara’s MyFintech Week Builds Momentum for January 2022 Kick-off
Bank Negara Malaysia (BNM) announced that it is organising the second edition of MyFintech Week 2022 (MyFW 2022) virtually from 24 to 28 January 2022 and is expecting more global participation. With the theme ‘Advancing Digitalisation for Recovery, Sustainability and Inclusion,
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Fintech Shows Strong Growth Momentum in Malaysia
The Securities Commission Malaysia (SC) today said that fintech could be a key enabler in re-building the Malaysian economy as the country recovers from the pandemic. The regulator also said it would seek to drive greater adoption of digital capability
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AirAsia’s Digital Arm Earns Unicorn Badge in Record Time, Says Tony Fernandes
Multinational low-cost airline AirAsia has been recognised as one of three Malaysian unicorns according to a report by Credit Suisse. The other two Malaysian unicorns are car e-commerce platform Carsome and Axiata’s Edotco, a regional integrated telecommunications infrastructure services company,
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Bank Islam Takes Over BIMB’s Listing on Bursa Malaysia
Bank Islam Malaysia has become the first full-fledged Islamic financial institution to be listed in the main market of Bursa Malaysia today, taking over the listing status from BIMB Holdings Berhad (BHB). The listing marks the completion of the BHB
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Maybank Rolls Out New Business Banking App for SMEs
Maybank has launched Maybank2u Biz, a mobile-first application for small and medium sized enterprises (SMEs) to help ease their business operations. The app was developed to cater to the needs of busy business owners, who are always on the go
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How Technical Debt Impedes Your Bank’s Ability to Innovate
In a technological landscape where speed to market has become a distinct competitive advantage, technical debt can seriously impede an organisation’s ability to innovate. Technical debt refers to shortcuts taken and gaps left unaddressed, as organisations race to cut down
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Newly Minted Indonesian Fintech Unicorn Xendit Relocates Financial Hub to Malaysia
Indonesian payments unicorn Xendit will be relocating its financial hub to Malaysia, this was announced during a speech by Finance Minister, Tengku Datuk Seri Zafrul Tengku Abdul Aziz during the launch of Malaysia’s Capital Market Plan 3. The Indonesian fintech
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Hong Leong Eyes ESG Solutions for Its Upcoming Hackathon
Hong Leong Bank is calling all budding disruptors to join its ‘Can You Hack It’ Virtual Hackathon ASEAN Edition 2021 to find and co-create Innovative solutions focused on ESG. This virtual hackathon themed ‘Environmental, Social and Governance (“ESG”)’ aims to
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MDEC Appoints Ruslena Ramli as Director of Fintech and Islamic Digital Economy
The Malaysia Digital Economy Corporation (MDEC) announced the appointment of Ruslena Ramli as its Director of Fintech and Islamic Digital Economy, a role previously held by Norhizam Kadir who has served in MDEC for over 5 years. She will report
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