Virtual Banking
Why Malaysia’s New Digital Banking License Matters
As Malaysia prepares to hand out its first digital banking licenses, fintech innovators, incumbent banks and tech providers are sharing their views and predictions on what the industry will look like following this major liberalization push. Speaking with Fintech News
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Grab Hires for Digital Bank Positions in Malaysia
In the past few days, Grab has been spotted putting up vacancies on their Linkedin page and website for digibank roles to be based in Malaysia. This development is ahead of Bank Negara Malaysia formally announcing the winners of the
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MoneyLion’s Foong Chee Mun Becomes First Malaysian Fintech Founder on NYSE
After the completion of MoneyLion’s public listing on the NYSE, the company’s co-founder Foong Chee Mun becomes the first Malaysia fintech founder to be on the New York Stock Exchange. Foong who also serves as MoneyLion’s CTO announced plans to
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Financial Wellness Apps Touted as Differentiator in Race Against Digibanks
Digital banks found that financial wellness and digital money management tools are at the forefront of growing market share in the new era of engagement banking. A recent Backbase commissioned study, conducted by Forrester Consulting revealed that 64% of Malaysian
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Genting Dips Toe in Digital Banking Bid Through 13% Stake In Acquisition in PUC
Following rumours that Genting Group would be bidding for a digital banking licensee, the group has inked a deal through GPVF Sdn Bhd to snap up a 13% stake for RM20.3 million in the publicly listed e-commerce platform PUC Berhad. GPVF
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Digital Bank Aspirants Cautions Incumbents Not to Be Complacent
In week two of Fintech News Malaysia and Huawei’s Digital Banking Symposium, we continue the conversation by speaking to Malaysia’s digital banking aspirants. In our previous session Malaysian incumbent banks’ CEOs remarked that while digital banks will shake things up,
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Malaysian Banks’ CEOs Say Digital Banks Are Shaking Things Up But Not a Threat
Regulatory changes, advances in technology, and the entry of new players in the Malaysian banking sector are forcing incumbents to embrace cutting edge technologies and build strategic ties to remain competitive, experts said during Huawei and Fintech News Malaysia’s Digital
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BigPay Raises up to US$100 Million for Its Digital Banking Aspirations
Digital bank aspirant BigPay announced today that it has finalised up to US$100 million in financing from South Korean conglomerate SK Group. This is the first time any portfolio company within airasia Digital has secured financing of this size. The
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Sarawak Emerges as the Third State To Bid for Digibank License With Kenanga, Revenue Group
The state government of Sarawak has joined forces with Kenanga Investment Bank and Revenue Group to submit an application for a digital banking license from Bank Negara Malaysia. The three entities formed a special purpose vehicle (SPV) for a consortium named
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Sabah and Pahang Revealed to Be PUC’s Consortium Partners for Digibank License Bid
Publicly listed PUC Berhad, the e-commerce platform that was formerly known as 11street, revealed that Sabah and Pahang are the two state governments that it has partnered with to bid for one of the 5 digital banking licenses that Bank
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