Malaysia - FinTech Futures

Malaysia

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 Cards

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 to close offices in Malaysia

All PayPal Malaysia employees will be affected by this closure.

Malaysia gets real-time payments with ACI Worldwide

Under the DuitNow platform.

Alipay powers Pakistan’s “first” blockchain-based cross-border remittance service

Service provided by Telenor Microfinance Bank and Valyou.

Malaysia files criminal charges against Goldman Sachs over 1MDB misuse

Bank denies wrongdoing – charges due to misappropriation of $2.7 billion from bonds.

Malaysian MoneyMatch completes first Ripple-based transaction

Establishing the Malaysia-Spain blockchain channel.

Bank Simpanan Nasional to complete move to ICBS core system

Malaysian bank gets ready for phase two of major tech migration.

Malaysian insurer TPM launches SmartPesa’s POS devices

Policy payments on the spot.

Razer expands payments reach with Singapore move

Partners with United Overseas Bank to launch Razer Pay.

Maybank makes a Grab for cashless payments in Malaysia

Bank and ride-hailing service team up.

Maybank to invest $7.6m in digital upskill of employees

Maybank launches “FutureReady” digital upskilling programme for all employees.

Moxtra teams with OCBC Bank to pilot new mobile app

To deploy and test the new “Secure Chat Banking” mobile app.

Infographic: the power of $1

Instarem presents a series of infographics to find out what $1 can do for you.

New clients in the Netherlands and Malaysia for Wolters Kluwer

ABN Amro and SME Development Bank sign for Wolters Kluwer’s OneSumX regtech software.

New go-lives and clients for core banking tech vendor BML Istisharat

BLC Bank has ousted Ambit Treasury Management in favour of BML Istisharat’s ICBS.

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