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MDEC Appoints Ruslena Ramli as Director of Fintech and Islamic Digital Economy
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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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Fintech Association of Malaysia Names Its First Female President
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Fintech Association of Malaysia Names Its First Female President

The Fintech Association of Malaysia (FAOM) hosted its fourth Annual Grand Meeting (AGM) virtually in which the association elected Karen S. Puah as its president. According to a statement by FAOM, Karen will be the first woman to helm the

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FIS Expands Payment Capabilities Into Malaysia
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FIS Expands Payment Capabilities Into Malaysia

FIS, an American Fortune 500 company which offers a wide range of financial products and services, announced that it is expanding its payment processing capabilities into the rapidly growing markets of Malaysia, South Africa and Nigeria. The company has secured

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Finology to Represent Asia at the Seedstars World Competition
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Finology to Represent Asia at the Seedstars World Competition

Finology, a Malaysian fintech that specialises in enabling seamless lending and insurance for consumers and businesses, announced that it has won the regional finals to represent Asia at the Seedstars World Competition 2020/21. From over 5,000 applicants, 94 startups from

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Axiata and Telenor Revives Merger Plans for Celcom and Digi
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Axiata and Telenor Revives Merger Plans for Celcom and Digi

Axiata Group and Telenor Asia today confirmed in their press conference that they have revived merger plans of Celcom and Digi which is currently in advanced discussion stages. Compared to the previous merger talks which involve assets from other countries

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Bursa Malaysia Eyes Opportunities to Collaborate With Fintech Companies
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Bursa Malaysia Eyes Opportunities to Collaborate With Fintech Companies

Malaysian stock exchange Bursa Malaysia is seeking to collaborate with fintech companies or other strategic partners in a bid to strengthen its value proposition, increase its agility as well as efficiency. Bursa Malaysia said that such efforts would help the

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Bank Islam Signs on TM ONE as a Digital Partner to Accelerate Its Digital Transformation
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Bank Islam Signs on TM ONE as a Digital Partner to Accelerate Its Digital Transformation

Telekom Malaysia Berhad (TM) via its enterprise and public sector business solutions arm, TM ONE, signed a Memorandum of Understanding (MoU) with Bank Islam Malaysia Berhad, for its appointment as a digital partner in realising the latter’s transformational strategy. The

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Hong Leong Bank Sets up Official Store on e-Commerce Platform Shopee
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Hong Leong Bank Sets up Official Store on e-Commerce Platform Shopee

Hong Leong Bank (HLB) announced the launch of its e-commerce platform offering with an official store on Shopee Mall. This enables HLB’s customers to sign up for banking products and services without the need to visit physical branches. E-commerce experienced

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Malaysia Issued The Most Fines in APAC For Financial Crimes and Privacy Breaches
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Malaysia Issued The Most Fines in APAC For Financial Crimes and Privacy Breaches

A recent study by Fenergo, provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, found that Malaysia ranked the highest for data privacy fines in the APAC region totaling almost US$ 4 billion. Meanwhile, neighbouring countries Singapore

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Kenanga Investment Bank Acquires ETF Fund Manager i-VCAP
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Kenanga Investment Bank Acquires ETF Fund Manager i-VCAP

Kenanga Investment Bank Bhd has acquired i-VCAP Management Sdn Bhd via its wholly owned subsidiary Kenanga Investors Bhd (KIB) following approval by the Securities Commission of Malaysia. i-VCAP is a Shariah-compliant investment management services provider primarily focused on Islamic exchange-traded

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