FinTech

Regional domination: Malaysian firms riding the Islamic fintech wave into ASEAN

Conventional and Islamic financial companies are leveraging on Islamic fintech to enhance their business proposition and market reach as these Malaysian firms set their eyes on regional expansion. Come September Tawarruq commodity trading...


FinTech

Islamic robo-advisors soon a reality

A year in the making, the Securities Commission Malaysia (SC) has finally rolled out its much-awaited Digital Investment Management framework, effectively regulating automated discretionary portfolio management services offered to the mass. ...


FinTech

A golden fintech opportunity – HelloGold eyes regional expansion

A Japanese firm has forged an alliance with a gold fintech start-up to offer Malaysian consumers Shariah compliant asset-backed personal financing, a partnership made possible by a new Shariah standard in gold. The collaboration agreement signed...


FinTech

BNM exploring critical enablers to bolster fintech infrastructure

Bank Negara Malaysia (BNM) is working on several initiatives to bolster its fintech infrastructure in order to maximize opportunities; these include efforts to leverage on its global Islamic finance leadership in order to attract fintech companies...


FinTech

Fintech

Al Rajhi Bank Malaysia to go digital
Al Rajhi Bank has engaged iGTB, the global transaction banking division of Intellect Design Arena, to implement digital transformation of its corporate and retail banking services in Malaysia this month....


FinTech

Exponential growth for Malaysian fintech sector

The Malaysian fintech sector is expected to realize at least US$7.2 billion-worth of transactions this year, riding on an expected compounded annual growth rate of 21.4% over the next five years to reach US$15.64 million in 2021, according to...


FinTech

The rise of the Islamic robo-advisors

One of the reasons why fintech is fast gaining popularity across the world is because of the promise it brings: cheaper, faster and easier financial services; and this proposition is particularly appealing now when economic conditions are tough and...


FinTech

FinTech

Ethis Kapital receives operating license
Ethis Kapital, a Shariah compliant crowdfunding platform, has been awarded an operating license by the Securities Commission Malaysia. Five other peer-to-peer financing platforms were also registered: B2B...


FinTech

Fintech to save the day? Alternative funding platforms to meet SME needs

This month, Malaysia achieves yet another fintech milestone as the Securities Commission Malaysia (SC) formally extends operating licenses to six peer-to-peer (P2P) financing platforms – the first in ASEAN to regulate P2P financing. In the...


FinTech

Fintech – an Islamic finance gamechanger

Like the rest of the world, fintech is disrupting the financial landscape of Malaysia, but instead of viewing it as competition to traditional banking, regulators are pooling their resources together to harness the transformative power of fintech...