Various

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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Building Malaysia’s First Unicorn?

The South East Asian startup scene is ripe with opportunities and home to some of the most exciting startups within Asia and beyond. The region has given birth to unicorns who are household names like Grab, Gojek, Sea Group, Traveloka,

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Loan Origination Software Firm JurisTech Acquires iMoney

JurisTech, today announced its acquisition of iMoney. JurisTech is a leading Malaysian based company, specialising in enterprise-class software solutions for banks, financial institutions, insurance providers, and telecommunications companies. iMoney’s websites and services are used by millions of consumers in Malaysia

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GHL Joins UNCDF’s i3 Program to Design Affordable Financial Solutions for SMEs

GHL Systems Berhad (GHL) and the United Nations Capital Development Fund (UNCDF) today announced a new partnership through the i3 Program, which is funded by MetLife Foundation, to focus on designing affordable financial solutions for micro, small and medium enterprises

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Kenanga Capital Islamic Partners CapBay To Digitise Factoring Solution

Kenanga Investment Bank Berhad’s (“KIBB”) subsidiary, Kenanga Capital Islamic Sdn Bhd (KCI) has partnered with digital supply chain financing company, Bay Group Holdings Sdn Bhd (CapBay), in a bid to digitise the traditional factoring market in Malaysia. Registered and regulated

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BNM Director Suhaimi Ali Explains Fintech Regulation in Malaysia

When it comes to fintech regulation, regulators in Malaysia have taken an activity-based approach that considers the sorts of businesses financial companies conduct. Depending on the nature of these business activities, startups will know whether they fall under Bank Negara

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MDEC & Bank Negara Malaysia Launches Fintech Capacity Building Program

The Malaysia Digital Economy Corporation (MDEC) together with Bank Negara Malaysia today launched the Fintech Booster Programme. The program was co-developed to further support the growth and development of fintech companies in Malaysia. It provides capacity building for fintech companies

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What is MDEC’s Game Plan for Fintech in Malaysia

MDEC is a name that is familiar to most in Malaysia as the agency that acts as an enabler for Malaysia’s digital economy. The agency has also been active on the fintech front — from launching a congregational point that

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Green Packet Acquires eKYC Specialist Firm Xendity for US$ 10 Million

Green Packet Berhad announced today that it is acquiring technology firm Xendity which specializes in identity verification processes using e-KYC (electronic know your customer) technology. KYC is an established concept in banking involving the mandatory process of identifying and verifying

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