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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
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
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
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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CIMB Boosts SMEs’ Resilience With Digital Solution Offerings
CIMB Bank Berhad and CIMB Islamic Bank Berhad has announced its CIMB CNY Go Digital offers for Small and Medium Enterprises (SMEs). As businesses are still weathering the pandemic and with the recent implementation of the Movement Control Order (MCO),
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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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5 Top Stories That Shaped Fintech in Malaysia in 2020
When we entered into 2020 not a single one of us anticipated for it to play out the way that it did. While the pandemic has affected everyone differently even within different verticals in fintech there’s still a sense of
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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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