Tag "Bank Negara Malaysia"
BIS Develops Multi-CBDC Platform for International Settlements With Central Banks
The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, the Monetary Authority of Singapore, and the South African Reserve Bank has developed two prototypes for a shared platform that could enable international settlements
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BIS to Test Central Bank Digital Currencies With Australia, Malaysia, Singapore, S. Africa
The Bank for International Settlements (BIS) Innovation Hub will test the use of central bank digital currencies (CBDCs) for international settlements with Australia, Malaysia, Singapore and South Africa. Led by the Innovation Hub’s Singapore center, Project Dunbar aims to develop a
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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
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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
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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
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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
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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
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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
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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,
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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
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