Virtual Banking

MoneyLion’s Malaysian Co-Founder Foong Chee Mun Steps Down as CTO

Foong Chee Mun announced in a LinkedIn post that he will be stepping down as the Chief Technology Officer of MoneyLion. He said the decision was made after “much thought and consideration” and that it was time for him to

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Al Rajhi Malaysia Officially Launches Its Digital Bank Rize Today

Al Rajhi Bank Malaysia (ARBM) announced that it has officially launched its digital bank arm Rize today where a wide range of its services are already available and more will be rolled out progressively. Rize’s product offerings are pretty standard

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AEON’s Digibank ACS Digital Confirms Raja Teh Maimunah as CEO Ahead of 2023 Launch

Islamic digital bank consortium ACS Digital Berhad has appointed Raja Teh Maimunah Raja Abdul Aziz as its Chief Executive Officer effective today onwards. The official announcement confirms Fintech News Malaysia’s report on her appointment in October. Prior to joining the

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AEON’s Islamic Digital Bank to Appoint Raja Teh Maimunah as CEO

Ambank’s Managing Director of Wholesale Banking, Raja Teh Maimunah will be appointed as the CEO of Islamic digital bank consortium ACS Digital Berhad. While the announcement has not been made official yet, Fintech News Malaysia has it from a credible

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In Banking, the Super App Model is Not a Silver Bullet

Customer demand for integrated experiences, changing regulations and advances in technology are shaking up the traditional banking industry. At the same time, bigtechs, telcos and technology startups are making aggressive foray into finance, putting increased pressure on banking institutions. In

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Boost Launches Brand Refresh; Hints at Larger Wallet Size

Boost has launched its refreshed brand, along with an update on future plans. The refreshed brand introduces refined visual elements and a new “Be Unstoppable” tagline. Boost’s brand refresh is the next phase of the company’s repositioning exercise that started

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Rise of Super-Apps Puts Pressure on Incumbents

In Asia, bigtechs and new digital banking challengers are rapidly gaining ground, forcing incumbent banks to rethink their business strategy and become a part of the super-app ecosystem, a new report by Finextra, in association with Infosys Finacle and OneSpan,

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Bank Islam Selects Cloud Provider AWS to Power Its “Be U” Digital Bank

Bank Islam has selected Amazon Web Services (AWS), an Amazon.com company, as its preferred cloud provider to power its Be U digital bank. The bank is building Be U through its Centre of Digital Experience (CDX), an independent division which

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Al Rajhi Malaysia Selects Feedzai to Bolster Security for Its Digital Bank

Al Rajhi Bank Malaysia (ARBM) has partnered with risk management platform Feedzai to integrate the latter’s RiskOps solution onto its platform. RiskOps by Feedzai is a fully integrated cloud offering which covers device authentication, malware defense, behavioral biometrics along with

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How Malaysia’s Oldest Islamic Bank Is Reinventing Itself Against the Wave of Digibanks

The Malaysian financial services space is undergoing an interesting phase in its evolution, shifting consumer behaviors and entrants of new players are giving incumbent banks reasons to rethink their digital strategy. Many of Malaysia’s incumbent banks are actively looking at

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