Tag "Bank Negara Malaysia"

Asia-Pacific Fintech Market to reach US$72 billion by 2020

Active support and initiatives by financial regulators such as the Monetary Authority of Singapore, Bank Negara Malaysia and Bank Indonesia has enabled the Asia-Pacific Fintech ecosystem to grow significantly in 2017. New innovations are expected to radically transform the way consumers

Read More

Malaysia Central Bank Publishes Study about Cryptocurrencies

A study published by Bank Negara Malaysia in September explores the implications of a Bank Negara Malaysia cryptocurrency or as the report calls it; a central bank backed digital currency. A central bank digital currency (CBDC), if introduced, is unlikely

Read More

Bank Negara Malaysia Approves 3 More Participants for Fintech Sandbox

Bank Negara Malaysia has approved 3 more participants to its Fintech Sandbox. This news follows their official announcement earlier in May for the first batch of approved participants of the Bank Negara Malaysia Fintech Sandbox which includes GoBear Ltd, GetCover

Read More

BNM Approves Sarawak Pay: Sarawak to Roll Out Payments System

Approval from Bank Negara Malaysia for Sarawak Pay was obtained last week , further to the approval the Sarawak Government would see the system implemented at state government departments and agencies next year. The system would allow for payments for

Read More

Fintech Malaysia Report 2017

  Note: We’ve update this report, the 2018 edition of the Fintech Report can be found here In the context of conversations surrounding fintech opportunities in South East Asia, Malaysia is often overlooked in lieu of Singapore. While it is true

Read More

Bank Negara Malaysia: Islamic Fintech Needs to Be a Boardroom Priority for Islamic Finance

In his opening speech at the Islamic Fintech Forum Dialogue, Assistant Governor of Bank Negara Malaysia Mr. Marzunisham Omar called the Islamic Finance industry to take a more active role in fintech. According to the Assistant Governor, digital-banking consumers stand at

Read More

Fintech Regulatory Sandbox Framework for Malaysia

Bank Negara Malaysia today issued details of Fintech Regulatory Sandbox Framework following a one month consultation on the proposed Framework which was released on 29 July 2016. The regulatory sandbox will enable the experimentation of fintech solution in a live environment,

Read More

The Emergence of Fintech: Where Does Malaysia Stand?

Fintech is a space that we’ve been operating in for the past eight years and a space we have observed for an even longer time. It is truly an exciting space to be in at this day and age. Years

Read More