Banking

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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Banking Business Capital Market

BIMB gets a new listing on Bursa Malaysia thanks to Bank Islam

BIMB Holdings Berhad (BHB) has ceded its listing status to Bank Islam Malaysia today, which is now the first fully-fledged Islamic financial institution to list on Bursa Malaysia. As a result of this listing, the BHB Group has completed its restructuring efforts which include a private placement, a scheme of arrangement to settle outstanding warrants, […]

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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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Banking Business Fintech

Online Banking Requires Stronger Mobile Application Security

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in digital platforms In 2020, however, the COVID-19 pandemic has dramatically accelerated this shift. With less access to bank branches, the mobile and online banking channels became the primary, and in some cases even the only […]

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Banking Financing Wealth Management

Bagaimana Jika Menghadapi Kesukaran Untuk Bayar Hutang Bank Islam?

Orang tidak membayar hutang ini terdapat pelbagai jenis. Bukan yang sedang dalam kesempitan saja yang tak bayar hutang. Ada yang terlupa nak bayar, ada yang sengaja tak nak bayar. Sama lah seperti orang yang berhutang dengan kawan-kawan, tak nak bayar tetapi boleh sahaja melancong sana-sini. Peminjam dengan bank juga tidak terkecuali. Dalam kewangan Islam golongan […]

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Banking Business Fintech

Kebanyakkan E-Wallet belum patuh Syariah

E-dompet (E-wallet) telah diperkenalkan oleh pemain teknologi. Kini sebarang bentuk pembayaran semakin mudah. Pengguna perlu memiliki kod tersendiri dan pemindahan kepada pihak lain hanya dengan hanya menggunakan kod sahaja. Pengguna dan pedagang hanya perlu satu ‘scan’ untuk memindahkan wang antara satu sama lain. Ia berperanan seperti dompet tradisional. Apabila pengguna pergi ke kedai untuk membeli […]

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Banking Economy Finance

Growing Demands for Ethical Banking as Islamic Finance Flourish

Banking and financial services company, Mambu, released its Disruption Diaries project as part of its project to understand the key trends driving the financial services industry. A survey was conducted by Mambu in its third edition to understand what Islamic finance means to 2,000 young Muslims mainly from generation Z and millennials, as well as […]

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Banking Business Fintech

Digital Banking Will Take Over If Incumbents Are Complacent

This week, Fintech News Malaysia continues its conversation with Huawei’s Digital Banking Symposium by talking to Malaysians interested in the industry. Previously, the CEOs of Malaysia’s incumbent banks said digital banks would shake up the industry, but weren’t going to pose an existential threat to incumbents. As it turns out, digital banking aspirants in attendance […]

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Banking Financing Fintech

Digital Banks Are Not a Threat, Malaysian Banks’ CEOs Say

According to experts at Huawei and Fintech News Malaysia’s Digital Banking Symposium, emerging technologies, increased competition, and technological advancements are forcing incumbents to embrace cutting edge technologies in order to remain competitive. Dominic Fuda, Managing Director and CEO of Hong Leong Bank, said that the bank was proactive in investing in the latest technologies and […]

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Banking Capital Market Finance

Kewangan Islam Di Negara Minoriti Muslim

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