Tag: Malaysia

Bank Negara Malaysia (BNM) has teamed with a number of key stakeholders in the financial industry and legal world to take on financial fraud and scams.

Malaysia-based financial wellbeing platform Payd has reportedly bagged $1.7m for its seed round, which will help it grow its Southeast Asian operations.

The Bank Negara Malaysia (BNM) has unveiled a five-year blueprint to help develop the country’s FinTech industry.

Singapore and Malaysia are set to begin a phased linkage of their two payment systems to support faster transactions between the two countries.

Shariah-compliant crowdfunding platform Ethis Global has raised RM 6.8m ($1.6m) in its pre-Series A round.

Malaysia-based InsurTech Ouch! has reportedly raised $364,600 in a funding round that will better position it for growth.

Peer-to-peer financing platform CapBay has reportedly raised $20m in its Series A round, which was supported by Singapore-based venture firm KK Fund.

Dutch-based crowdfunding platform Lendahand has deployed €5m into Singapore-based Funding Societies to invest in underserved SMEs.

Digital banking solution Moneythor has raised a new funding round from investor Navis Capital Partners.

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.