Various

Financial Services Need to Reinvent Itself for Malaysia’s Growing Gig Economy

In Malaysia, the gig economy has been growing rapidly, especially at a time when the COVID-19 pandemic is forcing people to turn to temporary work to secure income. Despite this rapidly growing segment, freelancers, self-employed and gig workers are still

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Year End Message to Our Readers – Offline from 24th December to the 3rd January

Fintech News Malaysia would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 24th December 2020 to the 3rd January 2021. Until

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11 Fintechs Join MDEC’s Digital Financial Services Marketplace eBerkat

MDEC has collaborated with eleven fintech firms to ” further promote the financial health of B40 communities and SMEs “. The newly unveiled platform is known as eBerkat Marketplace currently consist of the following players: Senang PKS, microLEAP PLT, Fundaztic,

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How Fintech Friendly is Budget 2021 Compared to The Previous Year?

The Malaysian government continues to provide support in developing the P2P lending and equity crowdfunding (ECF) market. During the tabling of budget 2021 last Friday, Finance Minister Tengku Zafrul announced that the government will be allocating RM 50 million in

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CIMB Launches New All-in-One HR Solution for SMEs

CIMB Bank and CIMB Islamic Bank unveiled its BusinessHR.asia solution, offering an all-in-one human resources platform for business customers. Co-hosted with HReasily, a regional digital human resource solutions provider, the cloud-based solution has been created and designed with small and

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CapBay Snaps Up 49% Stake in Kenanga Capital Islamic to Set Up Islamic Fintech Joint Venture

CapBay, a Malaysian P2P supply chain financing platform, has acquired a 49% stake in Kenanga Capital Islamic, a subsidiary of Kenanga Investment Bank Berhad, forming a joint venture with the latter to create an Islamic Supply Chain Finance fintech firm.

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GHL Unveils Financial Supermarket Ambitions with GROW

Payments firm GHL has been gradually shedding from its pure payment play in a series of announcements it has made recently on new services and partnerships. In the 2nd quarter of 2020,  they secured a lending license in Malaysia, Thailand

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Microsoft, MDEC and MaGIC Aims to Nurture Malaysian Unicorns Through New Partnership

Microsoft Malaysia in partnership with the Malaysia Digital Economy Corporation (MDEC) and the Malaysian Global Innovation & Creativity Centre (MaGIC) have launched the Highway to a 100 Unicorns initiative. This move is said to be part of a joint effort

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Hong Leong Bank Unveils Fully Digital Onboarding Experience for Customers

Following the publication of Bank Negara Malaysia’s (BNM) guideline on Electronic Know-Your-Customer (eKYC), Hong Leong Bank and Hong Leong Islamic Bank (HLB) announced the offering of a full digital onboarding experience for their customers. On the same day as HLB’s

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Green Packet Snaps up 51% Stake in Censof’s T-Melmax

Green Packet announced its acquisition of 51% majority stake in T-Melmax, a payment processing technology company owned by Censof Holdings, which specialises in financial management software solutions. The move is said to fill the gap in the market for SMEs,

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