Tagged: malaysia

July 10, 2023 @ 6:59 pm By Omar Faridi  |  

Maybank entered into a strategic partnership with Cambridge International Financial Advisory (IFA) in order “to establish the collaboration and to explore new opportunities in the field of Islamic Finance.” The ceremony took place at Menara Maybank, Kuala Lumpur “with over 150 attendees consisting of industry… Read More

July 1, 2023 @ 6:59 am By Omar Faridi  |  

In efforts to further strengthen its online banking ecosystem and protect its customers, Maybank announced that it has successfully completed the migration to Secure2u for online banking services including bill payments and DuitNow, FPX and IBG transactions. Maybank is fully supportive of and has “completed… Read More

June 10, 2023 @ 12:25 pm By Omar Faridi  |  

Maybank recently launched its cross-border QR payment service for Maybank customers travelling to Singapore, Indonesia, and Thailand as they can now make cashless and instant payment transactions via the MAE app. Similarly, incoming tourists from these countries “will also be able to make cashless payments… Read More

May 29, 2023 @ 5:35 pm By Omar Faridi  |  

UOB Malaysia announced the launch of its refreshed mobile banking app, UOB TMRW. The all-in-one app, “powered by leading technologies including data analytics, artificial intelligence (AI) and machine learning models, underscores the Bank’s commitment to provide customers with a simpler, smarter and more personalized banking… Read More

May 23, 2023 @ 5:30 pm By Omar Faridi  |  

The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited, and its Chief Executive Officer Leon Li for “operating a digital asset exchange (DAX) in Malaysia without registration.” Accordingly, the SC has “issued a public reprimand against Huobi Global Limited, and Leon Li… Read More

May 21, 2023 @ 9:52 pm By Omar Faridi  |  

Futu Holdings Limited (Nasdaq: FUTU) announces its expansion into Malaysia with its super investment platform, moomoo, introducing a comprehensive suite of tech-driven offerings to promote financial inclusion. Through inclusive finance, Malaysia investors “will enjoy lifelong access to a holistic suite of self-help educational resources, free-for-all… Read More

May 17, 2023 @ 6:30 am By Omar Faridi  |  

The Centre for the Fourth Industrial Revolution Malaysia (C4IR Malaysia) was officially launched by the Prime Minister of Malaysia, Anwar Ibrahim, and the President of the World Economic Forum, Børge Brende. C4IR Malaysia will “play a crucial role in driving the advancement of the digital… Read More

May 16, 2023 @ 10:07 pm By Omar Faridi  |  

Macau Pass has been officially approved to provide acquiring services to Alipay+ market-leading partner e-wallets from the Philippines, Malaysia, and Thailand. This means that in addition to Alipay, AlipayHK, WeChat Pay, Simple Pay and other e-wallets launched by other banks in Macau, Macau Pass payment… Read More

April 25, 2023 @ 10:29 pm By Omar Faridi  |  

The Securities Commission Malaysia (SC) recently announced a new electronic payment hub, also known as e-PATH, which provides a more seamless and secure way “for market participants and the public to make online payments to the SC.” e-Path is reportedly “part of the SC’s digital… Read More

April 25, 2023 @ 8:19 pm By Omar Faridi  |  

Maybank & Maybank Islamic have launched the You Save & Pledge, We Donate #ForYou campaign, which is described as “a unique, first-of-its-kind savings campaign that offers customers both the opportunity to win cash prizes as well as a chance to donate to charitable organizations.” This… Read More

April 20, 2023 @ 10:32 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for major businesses, launches its Unified Commerce solution in Malaysia to help businesses flexibly meet ever-evolving consumer expectations. Powered by Adyen’s single platform, Unified Commerce gives businesses end-to-end control of transactions across sales channels (online,… Read More

April 12, 2023 @ 10:57 pm By Omar Faridi  |  

Maybank’s Kill Switch solution is now introducing a new security add-on, in addition to the Maybank2u access’ deactivation feature launched in late January this year. The new security add-on via Maybank2u (M2U) web and the MAE app “will allow customers to swiftly and conveniently temporarily… Read More

April 11, 2023 @ 10:17 pm By Omar Faridi  |  

FWD Group Holdings Limited recently completed its majority investment, with other investors, in Gibraltar BSN Life Berhad, “marking its entry into the Malaysian life insurance market.” The transaction was originally “announced on 20 February 2023.” As a result, FWD Group can now “provide a full-service… Read More

April 9, 2023 @ 2:31 pm By Omar Faridi  |  

Soft Space Sdn. Bhd., a financial technology player, announced it has raised $31.5 million in its latest funding round. Southern Capital Group (SCG) Pte. Ltd, led the investment round, “with participation from returning investor transcosmos Inc., strategic investor JCB (previously announced), and venture capital fund… Read More

March 31, 2023 @ 4:05 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have partnered to announce QR codes for payments will now be accepted bilaterally. Users at participating financial firms will now accept in-person payments by scanning a physical code displayed on merchants as well as… Read More

March 31, 2023 @ 8:10 am By Omar Faridi  |  

bolttech, the international insurtech, and Tune Protect Group, the region’s digital lifestyle insurer, have announced a partnership “to launch a new generation of device protection solutions and support services in Malaysia.” Tune Protect Malaysia, the Malaysian General Insurance arm of the Group, is the exclusive… Read More

March 25, 2023 @ 8:47 am By Omar Faridi  |  

Maybank introduced Malaysia’s integrated automobile financing solution for Electric Vehicle (EV) and Hybrid customers “covering various aspects of owning an EV or Hybrid vehicle including holistic financing solutions, insurance and takaful coverage as well as EV charging privileges.” This is in line “with the Group’s… Read More

March 7, 2023 @ 5:37 am By Omar Faridi  |  

Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced plans to launch an AWS infrastructure Region in Malaysia. The new AWS Region will “give developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, greater choice for running their applications and… Read More

February 28, 2023 @ 8:15 pm By Omar Faridi  |  

Maybank, Southeast Asia’s fourth largest bank by assets, reported “a net profit of RM8.23 billion for the financial year ended 31 December 2022 (FY22).” Profit before tax (PBT) meanwhile, “was 11.6% higher at RM12.15 billion from RM10.89 billion a year earlier.” The better results were… Read More

February 16, 2023 @ 1:37 am By Omar Faridi  |  

As part of its efforts to enhance financial literacy among the younger generation in ASEAN, Maybank’s Cashville Kidz financial literacy program has reached out to 37,020 students and 945 educators in over 113 schools in 2022. In a year that was recovering from the pandemic,… Read More