Tag "Bank Negara Malaysia (BNM)"
The Growing Threat of Cybercrime as a Service to Asia’s Financial Institutions
The growth of internet usage, online banking, and digitalization of financial services has increased cybercrime and cyber criminals’ attack surface. Financial institutions are a prime target for cyber-attacks due to the large amounts of data and money they hold. In
Read More
Five ASEAN Central Banks Sign MoU for Regional Payment Connectivity
Five central banks in ASEAN announced that they have inked a Memorandum of Understanding (MOU) to collaborate on regional payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments. Signed at the G20 Leaders’ Summit, the central
Read More
Top Fintech Vietnam News from January 2018
Fintech Vietnam Meetup is back with the 2nd edition of 2018, with all you need to know about Fintech in Vietnam. Amidst the cryptocurrency buzz, we place a special focus on the new P2P Lending players in Vietnam. Can they hold
Read More
Fintech Influencers Malaysia: 14 Names You Should Know
Following our previous article highlighting 12 of the hottest fintech startups in Malaysia, we thought it’d be appropriate to come up with a “Fintech Influencers Malaysia” list to highlight some of the movers and shakers within the fintech space in
Read More
Bank Negara Malaysia Seeks Public Feedback on Cryptocurrency Regulation
The rapid development and adoption of cryptocurrencies have driven regulators from around the globe to adopt various approaches and regulatory measures and Malaysia is no exception. Following the announcement by Bank Negara Malaysia Governor, Tan Sri Muhammad Ibrahim in late
Read More
E-Money License Granted: Grab Malaysia “Grabs” a Piece of the Payments Pie
Southeast Asia’s leading ride-hailing app Grab has obtained regulatory approval from Bank Negara Malaysia to launch its mobile payment service in Malaysia following it’s earlier approval from the Singaporean authorities. This move is mirrored by it’s Indonesian counterpart Go-Jek who
Read More
Bank Negara Malaysia Releases e-KYC Guidelines
Following the announcement by Deputy Governor Jessica Chew earlier this September, Bank Negara Malaysia has officially released the e-KYC guidelines which sets out the minimum requirements and standards that an approved remittance service provider must observe in implementing e-KYC. The guideline
Read More
Securities Commission Malaysia Embarks on Blockchain Pilot Project
Tan Sri Ranjit Singh, Chairman of Securities Commission of Malaysia announced today at the SCxSC Digital Finance Conference 2017 today that the regulator has embarked on a pilot project for distributed ledgers in the unlisted and OTC Market space. The
Read More
Malaysian Banking Industry Pushes Fintech Development
Banks in Malaysia are pushing fintech development as they seek to harness innovation and technology to improve the financial services. The trend is largely led by the Malaysian central bank, Bank Negara Malaysia (BNM), which has been deploying efforts to
Read More