Various

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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Huawei: To Fend Off Disruption Banks Need to Build Their Own Super App

Huawei held its Global FSI Summit this week which featured financial institutions and enterprises sharing their experience in dealing with the “new normal’ in the post-pandemic era. The list of presenters included senior representatives from organizations like DBS Bank, Sberbank,

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Fintech-Focused VC Tuas Capital Partners With Hive to Participate in Malaysia’s Investment Matching Scheme

Tuas Capital, a fintech-focused VC which counts companies like MoneyMatch and Jirnexu among its portfolio announced that it will be collaborating with The Hive to participate in the Malaysian Government’s soon to be announced Dana PENJANA Nasional matching program.  The

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Razer Fintech to Sponsor Free Masks for All Adult Residents in Malaysia

Razer and Berjaya Corporation, through their partnership in Razer Fintech, the financial technology arm of Razer, have announced plans to sponsor high quality certified surgical masks for all Malaysian adults and residents as a part of the #RazerForLife initiative. The

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eToro Added to Securites Commission’s Investor Alert List of Unauthorised Entities

Following a statement from Securities Commission Malaysia on Tuesday which warned investors that eToro is not a licensed or a registered entity that is permitted to carry out regulated activities in Malaysia, the regulator has added the digital trading platform

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Securities Commission: eToro is Not Licensed to Operate in Malaysia

In a press statement announcing the extension of their commission-free stocks offering to clients in Asia-Pacific, eToro shared that 11% of their customers in Malaysia. In response to Fintech News Malaysia’s clarification of the eToro’s legality to operate in Malaysia,

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