Virtual Banking
Ping An’s Technology Arm OneConnect Expands to Malaysia
Ping An’s technology arm OneConnect announced today its expansion to Malaysia. In Hong Kong, One Connect is among the entities that secured a virtual banking license from the Hong Kong Monetary Authority. Meanwhile in Singapore, it is also supporting the
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Connecting People With Finance: Empowering the Financial Industry in the Intelligent Mobile Era
In the intelligent mobile era, Huawei — with its vision, insights, solutions, ecosystems, and experts — is uniquely positioned to create new value. The global outbreak of COVID- 19 has disrupted the lives and businesses of countless people, and the
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Huawei Developer Conference: Brett King Talks Financial Inclusion, Banking 4.0, and More
At the 2020 Huawei Developer Conference held earlier this week, fintech influencer, best-selling author, and entrepreneur Brett King joined the finance tech.session to talk about the role of technology to improve financial inclusion and shared his views on how banking
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MyMy Secures Malaysia’s Largest Fintech Seed Funding Round of RM 12 Million
MyMy today announced that it has secured Malaysia’s largest fintech seed round of RM 12 million at the valuation of RM 50 million. Koperasi Angkatan Tentera Malaysia Berhad led this fund raising round with an investment of RM10 million. The
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How Will Virtual Banks Shape the Way Malaysians Bank
As consumers behaviors shift to becoming increasingly digital, the financial services industry is forced to cater to changing nature of its customers. Regulators are also taking notice of the shift and gaps within the system and as a result, started
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Bank Negara Malaysia Unveils New eKYC Guidelines Ahead of Its Virtual Banking Framework
Bank Negara Malaysia issued its policy document on Electronic Know-Your-Customer (e-KYC) on Tuesday, which follows their earlier exposure draft in December 2019. This new policy is in effect immediately for all financial institutions including banks, insurers, remmitance companies, money changers
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Great Eastern Invests US$70M in Axiata Digital — The Largest Fintech Investment in Malaysia Yet
Axiata Digital the digital services arm of telco operator Axiata Group today announced a strategic investment of US$ 70 Million by Great Eastern to boost its fintech business across the region. Leading up this strategic investment, the Axiata Group and
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MACROKIOSK and Silverlake Collaborate to Tap into Virtual Banking Opportunities in Asia Pacific
MACROKIOSK today announced that it will be collaborating with Silverlake to support virtual banks in Asia Pacific. In this partnership, both parties will join hands in researching and developing new products that will meet the needs of these digital banks.
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4 Things to Know Before Building a Virtual Bank in Malaysia
Ever since Hong Kong issued 8 virtual banking licenses in 2019, regulators from around the region are clamoring to each introduce their own framework. Malaysia is, of course, no exception. Bank Negara Malaysia Governor Nor Shamsiah announced last year that
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Riding the Cloud to the Bank of the Future
Shifts in consumer behaviour towards digital services are resulting in monumental changes for the banking industry. Highly anticipated digital banking licenses will be awarded in Singapore and Malaysia this year, while the first of the winners of Hong Kong’s new
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