IOUpay goes into voluntary administration over suspected fraud
It took this step due to a “number of outstanding debts” with “no reasonable prospect” of repaying them.
Malaysia
The latest fintech news, resources and expert analysis in Malaysia by the leading intelligence provider for the worldwide fintech community.
IFGS 2023: Collaboration key for Singapore’s burgeoning fintech sector
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
Malaysian fintech Soft Space raises $31.5m in Series B1 funding round
The Malaysian payments platform plans to boost its global expansion and further develop its tech.
GXS Bank names Muthukrishnan Ramaswami as group CEO
Ramaswami most recently spent 12 years as president of the Singapore Exchange (SGX).
Malaysian fintech HelloGold winds down core business
CEO and co-founder Robin Lee tells Fintech News Malaysia the firm is “pivoting to a B2B model”.
Al Rajhi Bank Malaysia launches digital bank Rize
Rize offers a mobile banking app for Malaysian customers.
Malaysia’s Kenanga partners Ant Group to develop financial services super-app
The app will offer stock trading, investment management, an e-wallet, crypto trading and FX capabilities.
Bank Islam taps Kestrl to offer financial management tools in Be U app
The firm will incorporate Kestrl’s personal financial management tools into Be U by the end of the year.
Bank Islam Malaysia Berhad launches new banking app, Be U
The fully cloud-native digital banking app aims to broaden financial inclusion in Malaysia.
Al Rajhi Bank Malaysia taps Feedzai for risk management platform
Feedzai’s RiskOps platform will help strengthen the security of ARBM’s upcoming digital bank offering.
KAF Investment Bank appoints Rafiza Ghazali to lead its upcoming digital bank
Ghazali is currently group CEO of Cradle Fund and has previously worked at RHB Investment Bank.
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”.
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.
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.
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.
