Fintech

Banking Finance Fintech

Malaysia’s New Financial Sector Blueprint identifies digitization as a key agenda

Bank Negara Malaysia (BNM) today announced the launch of Malaysia’s five-year financial sector blueprint during the opening of MyFintechWeek 2022. The central bank has identified five strategic thrust that will anchor its efforts in the blueprint which includes; funding Malaysia’s economic transformation, elevating the financial well-being of households and businesses, advancing digitalisation of the financial […]

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Capital Market Economy Fintech

Over RM16b in cryptocurrencies, digital assets traded in Malaysia

The Securities Commission Malaysia (SC) said over RM16 billion in digital assets and cryptocurrencies were traded in Malaysia between August 2020 and September 2021 amid an uptrend in prices of blockchain-based assets. SC chairman Datuk Syed Zaid Albar said digital asset exchanges in Malaysia are thriving with over 300,000 new accounts created to date. “Since the introduction […]

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Capital Market Economy Fintech

Fintech to rebuild Malaysian Economy Post-COVID

Fintech could play a crucial role in re-building the Malaysian economy as the country recovers from the pandemic, according to the Securities Commission of Malaysia (SC). As part of its drive to increase investor participation, it also said it would encourage the adoption of digital capabilities to enhance capital formation efficiencies. Chairman Datuk Syed Zaid […]

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Economy Finance Fintech

Malaysia is leading in Islamic Fintech

Malaysia remains a prominent global Islamic Capital Market (ICM) hub, with Islamic assets under management (AUM) growing 2.7 times, as highlighted in the recent release of the Capital Market Masterplan 3 by the Securities Commission Malaysia (SC). By the end of 2020, RM 2.3 trillion had been accumulated by shariah-compliant assets, up from RM 1.1 […]

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Economy Fintech

Platform Pelaburan Emas Patuh Syariah

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Business Finance Fintech

Platform Pelaburan Robo Advisor Patuh Syariah

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Finance Fintech Wealth Management

Shariah Screener

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Business Financing Fintech

PayHalal to Introduce Islamic Buy Now, Pay Later Services

A halal-compliant payment gateway PayHalal has teamed up with Buy Now Pay Later (iBNPL) platform Atome to enable Murabaha buy now and pay later (iBNPL) across the platform’s merchant touchpoints within Malaysia. An Islamic financing structure, Murabaha is also known as cost-plus financing and refers to an agreement between the seller and the buyer regarding […]

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Business Economy Fintech

DuitNow and Singapore’s PayNow will link in 2022

Malaysia’s Bank Negara and Singapore’s Monetary Authority announced their plans today to link their respective real-time payment systems PayNow and DuitNow. It is planned to launch the PayNow-DuitNow linkage in the fourth quarter of 2022. Financial institutions participating in this scheme will be able to transfer funds in real-time between Singapore and Malaysia just by […]

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Banking Business Fintech

Malaysian Banks NOT Digitizing Face Extinction

Three out of five banks believe they will cease to exist in the next five to ten years if they don’t change their business models, according to a new global financial research report from the Financial Times Focus (FT Focus). In the meantime, 2/3 of respondents believe they will lose market share if they fail […]

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