Hong Leong Bank launches mobile-based junior account
The app is designed for use by both parents and children.
Malaysia
Singapore’s robo-advisor StashAway lands $16m led by Square Peg
The fintech last raised funding in July 2019.
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.
Maybank brings facial and voice recognition to its Maybank2u app
Malaysia’s largest bank, Maybank, has unveiled its facial and voice recognition authentication for its customers accessing their Maybank accounts using its Maybank2u app.
Top fintech stories this week – 17 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
ACI powers Malaysia’s real-time payments network plan
Payments Network Malaysia (PayNet), the national financial market infrastructure provider, will build Malaysia’s real-time retail payments platform (RPP) using ACI Worldwide’s UP Immediate Payments solution. RPP is an initiative to modernise the country’s infrastructure to all participants in the ecosystem, including banks, institutions, businesses, consumers and the government. PayNet resulted from the merger of Bank […]
RHB and RinggitPlus launch chatbot lending in Malaysia
Malaysia’s RHB Bank Berhad and RinggitPlus – a comparison website for financial products – have introduced “ChatBot’”, the “first” real-time messenger-style platform in Southeast Asia for personal loan applications. Consumers can apply for a loan via ChatBot on RinggitPlus’s website and obtain the results for eligibility via an SMS. The platform auto populates information provided […]
Bank Islam plans digital Islamic banking roll-out
Bank Islam Malaysia Berhad is working with consulting firm Cognizant to lay the foundation for its digital banking platform roll-out across its entire network. Encik Khairul Kamarudin, CEO of Bank Islam, says the move will bring “greater accessibility to our customers as well as simplifying and improving their banking experience with us”. According to the […]
Ant Financial Forms JV with CIMB Subsidiary for Digital Financial Services
In another step to expand its global footprint and promote financial inclusion, Ant Financial Services Group on July 24 announced it’s entering into an equity joint venture with CIMB Group Holdings Berhad subsidiary Touch ‘n Go Sdn Bhd (TNG). The JV will introduce a “world-class mobile platform for payments and other financial services,” the companies said.
Maybank launches fintech sandbox
Malaysia’s largest bank, Maybank, has unveiled its fintech sandbox to let ASEAN start-ups develop and test new ideas. As the “first in ASEAN”, the Maybank FinTech Sandbox offers a place “free of charge” to help developers throughout the region. The bank is keen to tap into ideas around cloud, the internet of things (IoT) and […]
