While the sector in Malaysia is relatively nascent and, we’ve seen some bright starts emerging from the local fintech scene and many more fintech startups in Malaysia being incorporated All Insurtech Legal Tech Bitcoin Cryptocurrency. Though Malaysia has made great strides in our cashless push, for now, cash is still king with ATM withdrawals accounting for RM411.8 Billion of transaction value in Malaysia. 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 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. Fintech Jobs Malaysia. Third annual InsurTech100 list announces the … In Hong Kong, One Connect is among the entities, TransferWise announced today the expansion of their international money transfer service for customers in Malaysia who can now receive remittances, Luno, the first Securities Commission-approved digital asset exchange in Malaysia, announced today that the company has processed over RM 827, MoneySave, a local peer to peer (P2P) crowdfunding platform, announced that they have achieved what they claim to be the, Huawei announced that its mobile payment service, Huawei Pay, is now available to its Malaysian users. 5 Top Stories That Shaped Fintech in Malaysia in 2020, 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, Touch ‘n Go First E-Wallet to be Approved by SC to Offer Investment Products, P2P Lender microLEAP Receives RM3.25 Million Funding From MAA Group, Huawei and IDC’s Banking Resilience Index Uncovers How FIs Responded to COVID-19, Soft Space Deepens Push into Japanese Market with GMO Partnership, Providing Financial Services to Malaysia’s Invisible Population, Financial Services Need to Reinvent Itself for Malaysia’s Growing Gig Economy, Financial Institutions Turn to Huawei’s Converged Data Lake Solution to Accelerate Banking Innovation, Bank Negara Malaysia To Issue up To 5 Digital Banking Licenses in 2022, Year End Message to Our Readers – Offline from 24th December to the 3rd January, How Data Privacy Affects Engagement in Financial Services, How to Get Customer Messaging Right in Financial Services, CapBay Crosses the RM100 Million Mark With Its P2P Financing Platform, eKYC Startup WISE AI Receives Funding From Sunway’s Venture Firm Sun SEA Capital, AIA Begins Regional Tie Up with ZA Tech in Malaysia, 360F and FI Life Launches Personalised Advisory for Insurance and Investment Plans, 3 Big Customer Engagement Drivers for Financial Services, Bursa Malaysia and Hashstacs Complete Pilot for Blockchain Bond Platform, Huobi is Not Authorised to Offer Crypto Exchange Services in Malaysia Outside of Labuan, 11 Fintechs Join MDEC’s Digital Financial Services Marketplace eBerkat, Global Ecosystem for Digital Transformation in the Financial Sector, Ping An’s Technology Arm OneConnect Expands to Malaysia, TransferWise Malaysia Enables Money Transfer to China Through Alipay, Luno Claims Crypto Exchange Top Spot in Malaysia with RM 827 Million in Transactions, MoneySave Completes P2P Crowdfunding in 95 Seconds for Malaysian Online Grocer, Merchantrade and Construction Manpower Firm to Facilitate Cashless Wages for Workers, Blockchain & Distributed Ledger Technology in Financial Services. Hong Leong Bank Berhad Kuala Lumpur, 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. 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 can help ordinary people access financial products securely and efficiently, while boosting countries’ economic growth. © 2015 - 2021 Copyright CK Finanzpro GmbH. Banks Should Turn to Using AI in eKYC in the Digital Arms Race, BNM Director Suhaimi Ali Explains Fintech Regulation in Malaysia. What’s Next for Hong Kong’s Open Banking and Financial Ecosystem? Assistant Manager, CRM & Ops. Recently, the country also emerged as one of the world’s leading Islamic financial technology (fintech) hubs that houses various Islamic fintech start-ups. In 2017, we started Fintech News Malaysia with a simple goal — to help shine the spotlight on deserving fintech startups in Malaysia. This time around, we’re fortunate to receive the support of our generous sponsors like Touch ‘n Go eWallet, GHL, DAX Ventures, MoneyMatch, Jirnexu and pitchIN in helping us produce the report. 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. 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. A comprehensive list for Fintech in Malaysia. Time sure does fly, almost without realising it, we’re now publishing the 3rd edition of our Fintech Malaysia report. TNG Digital Kuala Lumpur. Fintech News Malaysia provides the latest insights on the Fintech Malaysia landscape covering topics like blockchain, digital wallets, payments, cryptocurrency, regtech, insurtech and many more For Fintech News, Jobs, Studies and Events. These include stats on e-wallets, P2P lending, equity crowdfunding, and many more. Vincent Fong is the Chief Editor for Fintech News Malaysia. 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$150 Million, Buy Now Pay Later Platform Split Has Processed RM 10 Million in Transactions, GHL Ties up With Loanstreet to Offer Online Road Tax and Insurance Renewal. It’s been nearly 3 years now since we last highlighted the best fintech startups that Malaysia has to offer. Fintech Companies in Malaysia and Fintech Startups in Malaysia. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. by Fintech News Malaysia January 13, 2021. February 28, 2020. For a full list of the companies listed in the map you can refer to our fintech directory here. Meanwhile, Axiata Digital’s Boost Holdings recorded the largest fintech funding round yet in Malaysia with Great Eastern investing a total of US$ 70 million, the round puts Axiata Digital’s … 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; } Singapore-based fintech company 360F and Fi Life, a Kuala Lumpur-based insurtech, have collaborated to introduce the new 360-NeedsProfiler to the Malaysian market. Malaysia: A Flourishing Fintech Ecosystem. Fintech. 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. As a result, there are now only 3 crypto exchanges operating in Malaysia, with Luno being the first one to be approved by the regulator. According to a new McKinsey Global Survey of executives, companies across, Ping An’s technology arm OneConnect announced today its expansion to Malaysia. Vincent Fong is the Chief Editor for Fintech News Malaysia. Curated Fintech News from Malaysia and Indonesia. Head, Retail Remittance. MDEC has collaborated with eleven fintech firms to ” further promote the financial health of B40 communities and SMEs “. © 2015 - 2021 Copyright CK Finanzpro GmbH. COVID-19 has speeded up digital transformation by several years. Both the number of crowdfunding and lending players have gone up with Securities Commission granting several more approvals for equity crowdfunding and P2P lending. Since, TNG Digital, the e-wallet operator that was formed as a result of a joint venture between CIMB Bank and Ant, Split, a Malaysian Buy Now Pay Later (BNPL) platform, announced that it has processed RM 10 million in transactions for, Payments firm GHL has expanded its service offerings to include road tax and vehicle insurance renewal service with a recent, Touch ‘n Go (TNG) Group’s subsidiary TNG Digital Sdn Bhd (TNGD), has emerged as the first e-wallet to be granted, microLEAP, Malaysian platform that offers both Islamic and Conventional Peer-to-Peer (P2P) financing, announced a successful RM3.25 million funding round, made, A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded, Malaysian fintech startup Soft Space has announced that it has partnered with GMO Financial Gate (GMO-FG), a Japanese payment service, Financial inclusion has been the rallying call for many fintechs, but with Malaysia’s high banked population of over 90%, what, In Malaysia, the gig economy has been growing rapidly, especially at a time when the COVID-19 pandemic is forcing people, Like many other areas of the economy, the financial services sector is undergoing a data revolution. 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