Subscribe to our bi- weekly Fintech … February 28, 2020. He's also recently created a twitter profile, show him some love at here, #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } Banks Should Turn to Using AI in eKYC in the Digital Arms Race, BNM Director Suhaimi Ali Explains Fintech Regulation in Malaysia. According to a new McKinsey Global Survey of executives, companies across, Ping An’s technology arm OneConnect announced today its expansion to Malaysia. Every day, the global, Bank Negara Malaysia issued on 31st December 2020 the much anticipated digital banking framework, which followed a six month public, Fintech News Malaysia would like to take this opportunity to wish all our readers a Merry Christmas and a very, It may be a challenge for brands in highly-regulated spaces, but meeting customer expectations is both possible and essential. What’s Next for Hong Kong’s Open Banking and Financial Ecosystem? Since, TNG Digital, the e-wallet operator that was formed as a result of a joint venture between CIMB Bank and Ant, Split, a Malaysian Buy Now Pay Later (BNPL) platform, announced that it has processed RM 10 million in transactions for, Payments firm GHL has expanded its service offerings to include road tax and vehicle insurance renewal service with a recent, Touch ‘n Go (TNG) Group’s subsidiary TNG Digital Sdn Bhd (TNGD), has emerged as the first e-wallet to be granted, microLEAP, Malaysian platform that offers both Islamic and Conventional Peer-to-Peer (P2P) financing, announced a successful RM3.25 million funding round, made, A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded, Malaysian fintech startup Soft Space has announced that it has partnered with GMO Financial Gate (GMO-FG), a Japanese payment service, Financial inclusion has been the rallying call for many fintechs, but with Malaysia’s high banked population of over 90%, what, In Malaysia, the gig economy has been growing rapidly, especially at a time when the COVID-19 pandemic is forcing people, Like many other areas of the economy, the financial services sector is undergoing a data revolution. by Fintech News Malaysia January 13, 2021. Fintech Jobs Malaysia. Fintech News Malaysia provides the latest insights on the Fintech Malaysia landscape covering topics like blockchain, digital wallets, payments, cryptocurrency, regtech, insurtech and many more Financial technology, or fintech as it has come to be known, gets a lot of attention for its extraordinary potential to change lives and change economies. Fintech can help ordinary people access financial products securely and efficiently, while boosting countries’ economic growth. While the sector in Malaysia is relatively nascent and, we’ve seen some bright starts emerging from the local fintech scene and many more fintech startups in Malaysia being incorporated Assistant Manager, CRM & Ops. Vincent Fong is the Chief Editor for Fintech News Malaysia. TNG Digital Kuala Lumpur. Fintech. On the financial aggregator front, we’re observing that many foreign players struggling to make headway in Malaysia with the likes of Bbaazar, GoBear, CoverGo, Qompanion closing their existing operations or scaling back in Malaysia. In 2017, we started Fintech News Malaysia with a simple goal — to help shine the spotlight on deserving fintech startups in Malaysia. by Fintech News Malaysia January 4, 2021 Bank Negara Malaysia issued on 31st December 2020 the much anticipated digital banking framework, which followed a … (adsbygoogle = window.adsbygoogle || []).push({}); TNG Digital, the e-wallet operator that was formed as a, Split, a Malaysian Buy Now Pay Later (BNPL) platform, announced, Payments firm GHL has expanded its service offerings to include. Recently, the country also emerged as one of the world’s leading Islamic financial technology (fintech) hubs that houses various Islamic fintech start-ups. 5 Top Stories That Shaped Fintech in Malaysia in 2020, TNG Digital Reportedly Seeking to Raise US$150 Million, Buy Now Pay Later Platform Split Has Processed RM 10 Million in Transactions, GHL Ties up With Loanstreet to Offer Online Road Tax and Insurance Renewal, Touch ‘n Go First E-Wallet to be Approved by SC to Offer Investment Products, P2P Lender microLEAP Receives RM3.25 Million Funding From MAA Group, Huawei and IDC’s Banking Resilience Index Uncovers How FIs Responded to COVID-19, Soft Space Deepens Push into Japanese Market with GMO Partnership, Providing Financial Services to Malaysia’s Invisible Population, Financial Services Need to Reinvent Itself for Malaysia’s Growing Gig Economy, Financial Institutions Turn to Huawei’s Converged Data Lake Solution to Accelerate Banking Innovation, Bank Negara Malaysia To Issue up To 5 Digital Banking Licenses in 2022, Year End Message to Our Readers – Offline from 24th December to the 3rd January, How Data Privacy Affects Engagement in Financial Services, How to Get Customer Messaging Right in Financial Services, CapBay Crosses the RM100 Million Mark With Its P2P Financing Platform, eKYC Startup WISE AI Receives Funding From Sunway’s Venture Firm Sun SEA Capital, AIA Begins Regional Tie Up with ZA Tech in Malaysia, 360F and FI Life Launches Personalised Advisory for Insurance and Investment Plans, 3 Big Customer Engagement Drivers for Financial Services, Bursa Malaysia and Hashstacs Complete Pilot for Blockchain Bond Platform, Huobi is Not Authorised to Offer Crypto Exchange Services in Malaysia Outside of Labuan, 11 Fintechs Join MDEC’s Digital Financial Services Marketplace eBerkat, Global Ecosystem for Digital Transformation in the Financial Sector, Ping An’s Technology Arm OneConnect Expands to Malaysia, TransferWise Malaysia Enables Money Transfer to China Through Alipay, Luno Claims Crypto Exchange Top Spot in Malaysia with RM 827 Million in Transactions, MoneySave Completes P2P Crowdfunding in 95 Seconds for Malaysian Online Grocer, Merchantrade and Construction Manpower Firm to Facilitate Cashless Wages for Workers, Blockchain & Distributed Ledger Technology in Financial Services. In the “Touch ‘n Go eWallet Malaysia Fintech Report 2019” we have compiled many more interesting sets of data that would prove useful for those who are keen to learn more about fintech in Malaysia. E-wallets are coming in as close second despite the fact that several e-wallets like vcash and Payfy discontinuing their services. Fintech News. Embracing a Mobile Culture: How to Satisfy Customers Without Compromising Security, Harnessing the Power of Data in Wealth Management, TNG Digital Reportedly Seeking to Raise US$150 Million, Buy Now Pay Later Platform Split Has Processed RM 10 Million in Transactions, GHL Ties up With Loanstreet to Offer Online Road Tax and Insurance Renewal. Singapore-based fintech company 360F and Fi Life, a Kuala Lumpur-based insurtech, have collaborated to introduce the new 360-NeedsProfiler to the Malaysian market. All Rights reserved. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */, Hong Leong Bank Berhad Kuala Lumpur, Malaysia. In Hong Kong, One Connect is among the entities, TransferWise announced today the expansion of their international money transfer service for customers in Malaysia who can now receive remittances, Luno, the first Securities Commission-approved digital asset exchange in Malaysia, announced today that the company has processed over RM 827, MoneySave, a local peer to peer (P2P) crowdfunding platform, announced that they have achieved what they claim to be the, Huawei announced that its mobile payment service, Huawei Pay, is now available to its Malaysian users. Meanwhile, Axiata Digital’s Boost Holdings recorded the largest fintech funding round yet in Malaysia with Great Eastern investing a total of US$ 70 million, the round puts Axiata Digital’s … This online tool allows users to self-discover their financial needs based on Malaysian demographic and mortality data and Top 12 Fintech Startups in Malaysia As a part of drawing the FinTech scene in ASEAN, FinTechnews collects, tracks and analyzes hundreds of FinTech Startups, established over the last two decades. Touch ‘n Go (TNG) Group’s subsidiary TNG Digital Sdn Bhd (TNGD), has emerged as the first e-wallet to be granted a conditional approval to operate as a Recognised Market Operator (RMO) by the Securities Commission of Malaysia (SC). The sponsorship does not affect our editorial direction, but it does enable us to spend more time to deep dive into our research and provide our readers with more useful data and insights. Curated Fintech News from Malaysia and Indonesia. 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