Tagged: malaysia

July 5, 2025 @ 8:35 pm By Michael Wong  |  

Malaysia’s central bank launched its flagship Karnival Celik Kewangan (Financial Literacy Carnival) in Tawau on Saturday, as part of a broader push to strengthen financial resilience among underbanked communities. The event was officiated with opening remarks by Bank Negara Malaysia (BNM) Deputy Governor Adnan Zaylani… Read More

July 1, 2025 @ 2:46 am By Michael Wong  |  

Malaysia’s Securities Commission (SC) has proposed a set of regulatory enhancements aimed at strengthening the country’s digital asset exchange (DAX) framework, seeking to accelerate token listings and bolster investor protection measures. According to a consultation paper published on Monday, the proposed changes include allowing certain… Read More

July 1, 2025 @ 1:20 am By Omar Faridi  |  

Southeast Asia’s Maybank has recently shared significant updates focused on advancing sustainability and social impact through innovative financial solutions and strategic partnerships. Recently, Maybank announced initiatives that underscore its commitment to fostering a sustainable and inclusive future across the ASEAN region. These efforts include providing… Read More

June 10, 2025 @ 9:46 pm By Omar Faridi  |  

Backbase, the global enabler of AI-powered banking technology, announces that Bank Muamalat has officially launched ATLAS by Bank Muamalat (ATLAS), Malaysia’s first Islamic digital-only bank centered on faith and lifestyle alignment. This milestone represents a transformative “leap in Bank Muamalat’s journey to redefine Islamic banking,… Read More

June 5, 2025 @ 6:32 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), an innovator in global payments technology, announced that CIMB Bank, one of ASEAN’s banking groups and Malaysia’s second largest financial services provider, has “chosen ACI’s payment solution to converge all account-to-account transactions—real-time, ACH, RTGS and cross-border—onto a single future-proof payments platform.”… Read More

June 4, 2025 @ 4:33 am By Omar Faridi  |  

MY E.G. Services Berhad, Malaysia’s e-government and digital services provider, signed a Memorandum of Understanding (MoU) with Singapore Trade Data Exchange Services Pte. Ltd. (SGTraDex), Singapore’s digital infrastructure for trade data exchange. The partnership seeks to enable both parties to facilitate digital cross-border trade between… Read More

April 12, 2025 @ 6:09 pm By Michael Wong  |  

Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have solidified their commitment to regional financial security by entering into a memorandum of understanding (MoU) aimed at significantly enhancing cybersecurity measures and combating the escalating threat of digital fraud. The agreement, formally executed by… Read More

March 30, 2025 @ 9:16 pm By Michael Wong  |  

Malaysia’s Ministry of Investment, Trade and Industry has selected seven Equity Crowdfunding (ECF) and Peer-to-Peer (P2P) financing platforms to participate in the New Industrial Master Plan (NIMP2030) Strategic Co-Investment Fund (CoSIF), according to local reports. The program aims to support companies in high-tech and high-impact… Read More

March 22, 2025 @ 6:31 pm By Michael Wong  |  

Malaysia-based wealth management platform Versa has completed its Series A funding round led by AHAM Asset Management Berhad (AHAM Capital), the company said, as it looks to accelerate user growth and expand its product offerings over the next five years. Other investors in the round… Read More

March 6, 2025 @ 10:54 pm By Michael Wong  |  

CGS International Futures Malaysia (CGS MYF) has introduced the first publicly available CME Crypto Futures contracts in Malaysia, offering traders and investors access to Bitcoin and Ethereum futures, the company announced. The launch makes CGS International Securities Malaysia (CGS MY) the first licensed derivatives broker… Read More

February 11, 2025 @ 9:12 pm By Omar Faridi  |  

Payd, a Malaysian fintech specializing in Earned Wage Access (EWA) solutions, has reportedly raised a $400,000 seed extension round from A2D Ventures, Orbit Startups, and AngelSpark. This investment will now aim to accelerate Payd’s mission to enhance the financial well-being of employees across Southeast Asia…. Read More

February 11, 2025 @ 5:20 am By Omar Faridi  |  

PolicyStreet, an insurtech based in Malaysia, is shifting gears with the launch of its customer loyalty program, Drive+ Membership. Designed to put Malaysian drivers in the “fast lane” of savings and convenience, the Drive+ membership features benefits such as “an 80% discount on road tax,… Read More

January 26, 2025 @ 8:04 pm By Michael Wong  |  

Malaysia-listed digital services firm MY E.G. Services Berhad (MYEG) announced a strategic collaboration with MyDigital ID Solutions Sdn Bhd (MYIDSSB) to develop a blockchain-powered national digital identity platform, the MyDigital ID Superapp, aimed at combating online fraud and enhancing digital integration. The partnership, formalized through… Read More

January 8, 2025 @ 8:06 pm By Omar Faridi  |  

Maybank announced that it launched a counter-fraud security feature on the MAE App called Money Lock, which allows customers to lock funds in the savings or current accounts of their choice from “being digitally accessed, keeping the funds safe from online scammers.” With this added… Read More

January 8, 2025 @ 7:39 pm By Michael Wong  |  

Malaysia-based private equity firm Creador has acquired a controlling stake in Indonesia-based B2B hospitality marketplace MG Group from Indonesia Northstar and other shareholders, marking its entry into the global travel industry. The acquisition highlights Creador’s focus on Southeast Asia’s rapidly recovering travel sector, driven by… Read More

January 5, 2025 @ 7:05 pm By Michael Wong  |  

Malaysia’s communications regulator has granted operating licenses to two prominent technology firms, marking a significant step in the country’s efforts to tighten oversight of internet messaging and social media platforms. According to a statement issued by the Malaysian Communications and Multimedia Commission (MCMC), WeChat, owned… Read More

December 29, 2024 @ 9:38 pm By Michael Wong  |  

Malaysia’s sovereign wealth fund Khazanah Nasional Bhd announced that it has invested in the Malaysia-based private equity Cambrian Fund and U.S.-based artificial intelligence firm Syntiant Corp, in a move aimed at boosting Malaysia’s position in advanced manufacturing and semiconductor technologies. In a statement, Khazanah said… Read More

December 29, 2024 @ 1:44 pm By Michael Wong  |  

Bybit Technology Limited, formerly Bybit Fintech Limited, and its Chief Executive Officer Ben Zhou (Yuchen Zhou), have been reprimanded by the Securities Commission Malaysia (SC) for running a digital asset exchange (DAX) without registration. The SC said in a statement that both Bybit and Zhou… Read More

December 23, 2024 @ 9:15 pm By Michael Wong  |  

Malaysia retained its position as Southeast Asia’s top data center hub in 2024, attracting $23 billion in investments and solidifying its status as a leading digital hub, Knight Frank said Monday. The global property consultant, in its Data Centre Research Report 2024, noted Malaysia ranked… Read More

December 2, 2024 @ 10:41 pm By Omar Faridi  |  

World ID Credentials are now reportedly being piloted in select countries including Chile, Colombia, Malaysia and South Korea. This secure and “anonymous” World ID feature increases global access to World Network and paves the way for “increased World ID utility.” It also enables consumers to… Read More