Fintech News Malaysia
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Microsoft to Build AI Centre in Malaysia as Part of US$2.2 Billion Investment
Microsoft has announced a major US$2.2 billion investment in Malaysia, aimed at enhancing the country’s digital and AI infrastructure over
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Touch ‘n Go eWallet Adds Currency Exchange Calculator for Overseas Travellers
TNG Digital, the operator of the Touch ‘n Go eWallet, announced that it has introduced a foreign exchange rate calculator
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MOF and BNM to Host Global Islamic Economics and Finance Forum in May 2024
Malaysia’s Ministry of Finance and Bank Negara Malaysia (BNM) are set to host the Global Forum of Islamic Economics and
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PolicyStreet Introduces Professional Liability Coverage for Kiddocare Babysitters
Malaysian insurtech company PolicyStreet, in partnership with Kiddocare, a Khazanah-backed on-demand care services platform, has announced a new insurance initiative
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SC Malaysia and Islamic Development Bank Partner on Islamic Finance Initiatives
The Securities Commission Malaysia (SC) has signed a Memorandum of Understanding (MOU) with the Islamic Development Bank (IsDB) Group to
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InterSystems, Imagelink to Upgrade Document Management Systems in Malaysia
InterSystems, a data management solutions provider, has announced a partnership with Imagelink Software, a provider of enterprise content management solutions.
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GXBank, Grab to Create 400 Jobs with New Center, Part of RM1.5 Billion Investment
GXBank, Malaysia’s first digital bank, has announced plans to establish a Regional Center of Excellence (COE) for Shared Services in
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New Maybank Platform Enables Malaysians to Start Investing With RM200
Maybank Malaysia has launched a new digital investment platform called Goal-Based Investment, designed to cater to beginners and first-time investors.
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Malaysia’s First JCB Payment Gateway Launched via Soft Space Partnership
Malaysian fintech Soft Space and Japanese payments firm JCB International have launched the nation’s first JCB payment gateway. This development
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Ant International to Create Over 500 Jobs with New Malaysian Center
Ant International, a digital payment and financial technology provider, announced plans to open a new Digital Business Centre in Malaysia
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AEON Bank Gears Up for Q2 Launch of Malaysia’s First Islamic Digibank
AEON Bank is poised to launch its Islamic digital banking operations by the end of the second quarter, targeting tech-savvy
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Seedflex Expands Footprint to Malaysia With Seed Funding From 500 Global
Singapore-based fintech Seedflex Technologies has launched a new digital financing solution, “Pay-As-You-Sell Advance” (PAYS Advance), in Malaysia, with plans to
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EPF Divests Shares in Affin Bank, No Longer a Major Shareholder
The Employees Provident Fund (EPF) has divested three million shares in Affin Bank, relinquishing its status as a substantial shareholder,
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CIMB Group CEO Dato’ Abdul Rahman Resigns, Poised to Take Helm at PNB
CIMB Group announced that Dato’ Abdul Rahman Ahmad will resign as Group CEO effective 30 June 2024, concluding a four-year
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RHB and Boost Holdings Collectively Invest RM9.5 Million in Digital Bank
RHB Bank has announced an investment of RM3.8 million to purchase 3.8 million new shares in Boost Bank, in order
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Travel Insurance Starting at RM3/Day Now Available on Shopee
SeaMoney, the financial arm of Sea Limited, has expanded its insurance offerings in Malaysia by launching a new travel insurance
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BNM Orders CIMB and Maybank to Explain Recent Service Disruptions
Bank Negara Malaysia (BNM) has ordered CIMB and Maybank to deliver a comprehensive account of the root causes behind the
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Unmasking the Deepfake Scam Threat in the Financial Sector of Asia
In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam
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Tranglo Enables Direct Payments to Over 30 Global E-Wallets
Cross-border payment hub Tranglo has expanded its services to allow instant, direct cross-border payments to over 30 e-wallets worldwide. This
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Touch ‘n Go eWallet to Charge 1% Fee for Overseas QR Payments
Touch ‘n Go eWallet will implement a 1% conversion fee for overseas transactions starting 25 April 2024, according to its
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Rohit Nambiar Resigns as Group CEO of Tune Protect
Rohit Nambiar, the Group Chief Executive Officer of Malaysian insurer Tune Protect has resigned from his position citing personal reasons,
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Standard Chartered’s Axess Academy Prepares Banking Staff for the Digital Age
In an era where the digital revolution is reshaping the landscape of the banking industry, Standard Chartered is looking to
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Maybank Halts RM6.4 Million in Potential Scams Through Branch Efforts in 2023
Maybank successfully prevented financial losses amounting to RM6.4 million for its customers in 2023, targeting scams executed via its branch
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GXBank Offers Limited-Time 5% Interest on Savings Pockets for Hari Raya
Malaysia’s first digital bank, GXBank, has introduced a new incentive for its Savings Pockets customers, offering a 5% per annum
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FinDoc and CTOS Join Forces to Leverage AI in Loan Screening for Malaysians
Malaysian fintech firm FinDoc and CTOS Data Systems, a local credit reporting firm, have officially partnered to refine loan eligibility
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Kapital DX Debuts RM150 Million Tokenised Shariah-Compliant Offering
Kapital DX Sdn Bhd (KLDX), a multi-asset fundraising and investment platform, has introduced its inaugural product offering – a RM150
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Jaya Grocer Employees Gain Financial Flexibility with Paywatch’s On-Demand Pay
Jaya Grocer, a prominent supermarket chain in Malaysia, has announced a new partnership with Paywatch, a provider of earned wage
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Ex-AmBank CEO Datuk Sulaiman Tahir to Lead Bank Pembangunan as New Chairman
Bank Pembangunan Malaysia has appointed Datuk Sulaiman Mohd Tahir as its chairman and independent non-executive director, effective 20 March 2024,
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Ant International Partnership to Boost Digital Growth for Capital A’s Businesses
Ant International has teamed up with Capital A, the parent company of AirAsia, to initiate a strategic partnership aimed at
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HSBC ASEAN Growth Fund Targets Scaling Digital Companies with US$1 Billion
HSBC has unveiled a US$1 billion ASEAN Growth Fund that targets six of the region’s most rapidly developing countries, aiming
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