Virtual Banking

Jirnexu Inked Deals With More Than Five Digital Banking Consortia
Virtual Banking

Jirnexu Inked Deals With More Than Five Digital Banking Consortia

Malaysian fintech company Jirnexu announced that it has signed strategic partnership agreements with more than five consortia in their bids for a digital banking license. They said that with Jirnexu’s broad customer base and in-depth understanding of their financial needs

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Malaysia Displays Strong Readiness for Digital Banking Services, Visa Study Says
Virtual Banking

Malaysia Displays Strong Readiness for Digital Banking Services, Visa Study Says

Visa released new findings from its study which highlighted that over 74% are aware and 66 percent are interested in using digital banking services. According to the Visa Consumer Payment Attitudes study, the nation has seen a significant acceleration in

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MoneyMatch Raises RM 18 Million Led by KAF Investment Bank, Confirms Digital Banking Bid
Funding Virtual Banking

MoneyMatch Raises RM 18 Million Led by KAF Investment Bank, Confirms Digital Banking Bid

Malaysian fintech startup MoneyMatch announced today the successful closing of its Series A fundraising round totaling MYR 18.5 million over two tranches, initially led by Cradle Seed Ventures in 2019 and now has been closed with KAF Investment Bank leading

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Here Are All The Digital Banking Contenders in Malaysia (So Far)
Virtual Banking

Here Are All The Digital Banking Contenders in Malaysia (So Far)

Editor’s Note: This article was first written on 29th June 2021, was last updated at 11:00 am 5th July 2021 to include new developments.   With the deadline for Malaysia’s digital banking license application being less than a day away,

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ANGKASA Joins Digital Banking Bid With Boustead to Serve 7 Million Cooperative Members
Virtual Banking

ANGKASA Joins Digital Banking Bid With Boustead to Serve 7 Million Cooperative Members

Angkatan Koperasi Kebangsaan Malaysia Berhad’s (ANGKASA) subsdiary MyAngkasa Digital Services, Boustead Holdings Berhad, and another party that they described as ” one of the world’s largest independent insurance brokerage company ” to apply for an Islamic digital banking license from

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Bank Negara Malaysia Received 29 Applications for Digital Banking License
Virtual Banking

Bank Negara Malaysia Received 29 Applications for Digital Banking License

Bank Negara Malaysia confirmed today in a statement that it has received 29 applications for a digital bank licence under the Financial Services Act 2013 and the Islamic Financial Services Act 2013, following a 6-month application period, which ended on

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Presto’s Parent Firm PUC Bids for Digital Banking License with 2 State Governments
Virtual Banking

Presto’s Parent Firm PUC Bids for Digital Banking License with 2 State Governments

E-commerce platform PUC announced that it has formed a consortium with two unnamed state governments and a conglomerate to submit an application for a digital bank license to Bank Negara Malaysia (BNM). The consortium is led by PUC, making it

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BigPay Enters into Digital Banking Bid with MIDF and Ikhlas Capital
Virtual Banking

BigPay Enters into Digital Banking Bid with MIDF and Ikhlas Capital

BigPay has officially submitted its application for a digital banking licence to Bank Negara Malaysia. BigPay’s consortium include Malaysian Industrial Development Finance Berhad (MIDF), Ikhlas Capital and a foreign conglomerate with fintech expertise. They said in a statement that each

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Grab Confirms Digital Banking Bid in Malaysia with Singtel and “Malaysian Investors”
Virtual Banking

Grab Confirms Digital Banking Bid in Malaysia with Singtel and “Malaysian Investors”

Following statements issued by Singtel to Singaporean press, Grab confirms that it has applied for a digital banking license through a joint venture between Grab and Singtel as part of a consortium of other Malaysian investors. The Grab-Singtel consortium had

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Axiata’s Digital Bank Consortium Inks Deal With Credit Guarantee Corp
Virtual Banking

Axiata’s Digital Bank Consortium Inks Deal With Credit Guarantee Corp

Axiata Digital, through its subsidiary Aspirasi, will be collaborating with the Credit Guarantee Corporation Malaysia (CGC) for a potential digital bank guarantee. The Memorandum of Understanding (MoU) aims to accelerate financial inclusion for the underserved and unserved segments. Aspirasi provides

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