Tag: Malaysia

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

Axiata Digital, the digital service division of telecommunications conglomerate Axiata Group, has received $70m in funding to support the growth of its digital financial services.

Split, a FinTech helping those in Singapore and Malaysia to split payments into monthly instalments, has reportedly closed its seed funding round on an undisclosed amount.

Malaysian InsurTech startup PolicyStreet has reported raised about $1.8m in a Series A round led by KK Fund.

Bank Islam Malaysia Berhad’s taps RegTech Kamakura Corporation to ensure its digitalisation process remains compliant.

Bank Negara Malaysia has updated its licensing framework for digital banks and is planning on issuing up to five new licenses to qualified applicants.

InstaReM, a cross-border payments company, will offer free electronic-Know Your Customer (e-KYC) to residents of Malaysia.

Carsome, the Malaysian car marketplace, has bagged $50m in a new Series C investment round to strengthen its grip of the Southeast Asian market.

Having issued a policy document earlier in 2019, Bank Negara Malaysia has now released a draft for how the rules around electronic know your customer (KYC) could look like in the future in the country.

The Securities Commission Malaysia (SC) has issued a caution to investors against backing unauthorised initial coin offerings (ICO) and digital asset exchanges (DAX).