A comprehensive list for Fintech in Malaysia. What’s Next for Hong Kong’s Open Banking and Financial Ecosystem? Third annual InsurTech100 list announces the … /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block. 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; } For Fintech News, Jobs, Studies and Events. In early 2019, there were over 50 crypto exchanges operating in Malaysia, in efforts to bring more order the market Securities Commission Malaysia issued a framework for crypto exchanges in Malaysia. (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. In 2017, we started Fintech News Malaysia with a simple goal — to help shine the spotlight on deserving fintech startups in Malaysia. /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block. Banks Should Turn to Using AI in eKYC in the Digital Arms Race, BNM Director Suhaimi Ali Explains Fintech Regulation in Malaysia. Similar to our 2017 and 2018 report this year’s “Touch ‘N Go eWallet Malaysia Fintech Report” shows that payments remain the dominant segment within Malaysia’s fintech ecosystem. In line with that, we publish our Fintech Malaysia report on an annual basis to provide anyone who is interested to find out more about the fintech scene in Malaysia … Recently, the country also emerged as one of the world’s leading Islamic financial technology (fintech) hubs that houses various Islamic fintech start-ups. Data from Bank Negara Malaysia shows that mobile banking transaction value has grown seven times in the past five years whereas e-money’s transaction value has grown more than double in the same period. Fintech can help ordinary people access financial products securely and efficiently, while boosting countries’ economic growth. 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. 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. Fintech Companies in Malaysia and Fintech Startups in Malaysia. Ripple has signed a deal with Malaysia's Mobile Money and Bangladesh's bKash to power a wallet-to-wallet remittance corridor between the two countries. by Fintech News Malaysia January 13, 2021. COVID-19 has speeded up digital transformation by several years. 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. Razer … All Rights reserved. 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). 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. Fintech Jobs Malaysia. TNG Digital Kuala Lumpur. The same service was, Merchantrade Asia and the Construction Labour Exchange Centre Berhad (CLAB) have forged an alliance to facilitate cashless wages for both, #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } 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. 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. Both the number of crowdfunding and lending players have gone up with Securities Commission granting several more approvals for equity crowdfunding and P2P lending. All Rights reserved. 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. To, If fintech brands aren’t mindful of today’s looming threats, they may find themselves losing out not just to banks, but, CapBay, a Malaysian P2P supply chain financing platform, has provided RM 100 million in funding across 500 investment notes on, When we entered into 2020 not a single one of us anticipated for it to play out the way that, WISE AI, a startup providing eKYC and digital identity solutions, has raised an undisclosed amount of funding from Sun SEA, AIA Group has announced a regional strategic digital technology partnership with ZA Tech, a tech venture founded by Chinese digital, Singapore-based fintech company 360F and Fi Life, a Kuala Lumpur-based insurtech, have collaborated to introduce the new 360-NeedsProfiler to the, In financial services, the growing number of fintech startups and incumbents’ late-to-the-game focus on technology has led to some of, Blockchain development company Hashstacs (STACS), announced that it has completed the blockchain proof-of-concept (POC) with Malaysia’s national stock exchange, Bursa, Huobi recently announced that as a “localized digital asset exchange for the Malaysian market” they have launched their service to. E-wallets are coming in as close second despite the fact that several e-wallets like vcash and Payfy discontinuing their services. All Insurtech Legal Tech Bitcoin Cryptocurrency. Vincent Fong is the Chief Editor for Fintech News Malaysia. © 2015 - 2021 Copyright CK Finanzpro GmbH. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. Assistant Manager, CRM & Ops. According to a new McKinsey Global Survey of executives, companies across, Ping An’s technology arm OneConnect announced today its expansion to Malaysia. */, Hong Leong Bank Berhad Kuala Lumpur, Malaysia. 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 … According to the Fintech Malaysia Report 2019 by Fintech News, there are 198 players offering fintech services. In line with that, we publish our Fintech Malaysia report on an annual basis to provide anyone who is interested to find out more about the fintech scene in Malaysia with a definitive guide. MDEC has collaborated with eleven fintech firms to ” further promote the financial health of B40 communities and SMEs “. This indicates that Malaysian are increasingly becoming more comfortable with using mobile financial services. Time sure does fly, almost without realising it, we’re now publishing the 3rd edition of our Fintech Malaysia report. He's also recently created a twitter profile, show him some love at, over 50 crypto exchanges operating in Malaysia, first one to be approved by the regulator, CapBay Snaps Up 49% Stake in Kenanga Capital Islamic to Set Up Islamic Fintech Joint Venture, One of India’s Largest Financial Comparison Site Goes Live in Malaysia’s Crowded Market, Blockchain & Distributed Ledger Technology in Financial Services. Submit your Fintech Malaysia Startup here. 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