Malaysia

The latest fintech news, resources and expert analysis in Malaysia by the leading intelligence provider for the worldwide fintech community.

ARBM

Al Rajhi Bank Malaysia picks Moneythor to strengthen digital bank offering

The bank will integrate Moneythor’s personal financial management features.

Waafi Bank gears up for launch with Oracle FS tech

Oracle’s partner JMR Infotech worked on the implementation at Waafi Bank.

Thailand’s Siam Commercial Bank invests $100m in digital finance platform Akulaku

Akulaku CEO William Li says the companies share a vision for banking that is “expansive and inclusive”.

ARBM

Al Rajhi Bank Malaysia hires Ikram Khaliq to lead new digital bank offering

ARBM plans to launch its new digital bank this year.

Al Rajhi Bank Malaysia taps Thought Machine to power new digital bank

ARBM will deploy the Vault core banking solution to deliver Shariah-compliant banking products.

KAF taps Temenos to launch digital lending business in Malaysia

KAF will use Temenos Banking Services for retail loans and Islamic financing.

BNPL start-up Pace raises $40m in pan-Asian Series A

The Singapore-based company has plans for international expansion.

Airwallex adds $100m funding with Series E extension

The new capital injection adds to the firm’s $200m Series E funding.

Asia Digital Bank partners Bianjie for blockchain-powered digital banking

The bank’s new digital infrastructure is designed to bridge the gap between centralised and decentralised finance.

Standard Chartered to invest $500m in Asia’s largest BNPL platform Atome

Investment forms part of a 10-year partnership to deliver mobile financial services in the region.

Razer plans shutdown of Razer Pay service three years after launch

Payment service launched in Malaysia in 2018 and Singapore in 2019.

bigpay

Malaysian challenger BigPay raises $100m to fund Asian expansion

BigPay is the fintech unit of Malaysian budget airline AirAsia Group.

AirAsia subsidiary BigPay bids for Malaysian banking licence

E-wallet firm aims to capture one of five offered by the Malaysian central bank.

FIS expands payment processing in Malaysia, South Africa and Nigeria

“Emerging markets across Southeast Asia and Africa present fresh opportunities”.

Dutch VC Finch Capital snaps up Wirecard’s APAC assets

The purchases were made through Nomu Pay.

Ripple snaps up 40% stake in Asian cross-border payments firm Tranglo

Tranglo’s global network spans more than 100 countries.

Supply chain financing start-up CapBay raises $20m in Series A

CapBay offers short-term financing to “businesses of all sizes” through its “proprietary credit-decisioning model”.

Asia-Pacific fintechs Volopay and Microleap land funding

Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.

FCA and PRA fine Goldman Sachs £96.6m for 1MDB scandal

The investigation found that GSI breached a number of FCA and PRA principles and rules.

Malaysia and Indonesian regulators sign fintech cooperative agreement

The two countries will share innovations and foster cross-border start-up development.

Hong Leong Bank launches mobile-based junior account

The app is designed for use by both parents and children.

Singapore’s robo-advisor StashAway lands $16m led by Square Peg

The fintech last raised funding in July 2019.

Mastercard partners with Dreams for sustainable banking

Instapay Technologies partners with Mastercard to support Malaysian migrant workers

Instapay Technologies is looking for 100,000 new users in the first year.

MFMi Group picks Mambu to power new suite of Islamic products

The Malaysian firm aims to help underbanked in the wake of COVID-19.

Singapore’s GoBear snaps up fintech AsiaKredit

GoBear’s bank partners will be able to tap underserved consumers.

Wirecard and Singapore’s Grab partner on payments

The partnership will begin in Malaysia, the Philippines and Singapore.

Step aside China, it’s Southeast Asia’s turn in the spotlight

The region is full of promise and possibility for investors and entrepreneurs alike.

Malaysia’s biggest telco Axiata reveals plans to bag digital banking license

The country’s central bank announced its plans in December to issue up to five licences.

UK challenger Supreme Fintech set to launch globally in February 2020

The start-up is gearing up for its 1 February 2020 launch.

Latvia’s Robocash set to raise $5m for P2P investments in Southeast Asia

European investors can now back 12-month commercial loans in Singapore.

iSunOne to build world’s first Islamic blockchain financial system

The firm will work directly with the Malaysian government.

Indonesian FSA launches online register to monitor fintechs

The platform will grow business through OJK’s innovation hub.

Railsbank raises $10m to expand into Southeast Asia and beyond

The open banking platform has opened an office in Singapore.

Selangor government unveils one-stop digital payments platform

Citizens will be able to make payments to agencies at all levels.

WeChat Pay and Alipay partner QFPay raises $20m

The latest funding round brings QFPay’s total to $36.5 million.

RHB targets card fraud with automatically refreshed CVV codes

New codes are displayed on mini-screens on the back of the cards.

Maybank unleashes e-wallet for everyone

New service called MAE – Maybank Anytime, Everyone.

Open banking – build it and they will come?

It is the innovative data wranglers that will decide the success of open banking.

RHB Bank gets modern capital markets tech with Murex

Malaysian deploys Murex’s MX.3 tech for its Islamic and conventional treasury and capital markets (TCM) operations.

paypal

PayPal to close offices in Malaysia

All PayPal Malaysia employees will be affected by this closure.

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