Fintech News Malaysia
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Latest posts
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Hong Leong Turns AI-Building Trainees into Permanent Hires
Hong Leong Bank (HLB) is strengthening its in-house technology capabilities through talent development, AI adoption and cloud modernisation. The bank has followed its “Digital At The Core” strategy for more than a decade, focusing on building internal engineering expertise and…
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AWS Plans AI Rollout for Up to 445,000 Malaysian Civil Servants
Amazon Web Services (AWS) wants to bring AI into the daily work of Malaysia’s civil service. Its new Semarak AI Malaysia programme aims to give up to 445,000 government officers access to AI tools. The initiative also targets businesses and students, building on AWS’ RM29.2…
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Malaysia’s e-Invoicing Push Linked to RM1.68 Billion in Past Taxes
Malaysia’s use of e-Invoice data has contributed to taxpayers declaring RM1.68 billion in taxes payable for previous years. More than 97,000 taxpayers voluntarily filed returns for previous years, according to the Inland Revenue Board of Malaysia (HASiL). The tax authority…
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BNM May Use Regulatory Sandbox to Test New Islamic Finance Products
Bank Negara Malaysia (BNM) plans to explore using its regulatory sandbox to help Islamic banks test new Shariah-compliant financial products. The proposal forms part of a strategy paper that aims to broaden the use of Shariah contracts and make it easier for Islamic banks to…
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HSBC Malaysia Adds More FX Tools to Its Mobile App
HSBC Malaysia has upgraded its mobile foreign exchange (FX) service, giving customers more ways to track exchange rates and convert currencies. The enhanced FX on Mobile service includes an FX Watchlist for monitoring selected currencies and an FX Chart showing historical…
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Zetrix AI’s MyEG Faces RM353 Million Tax Dispute Amid JPJ Collections Row
MyEG is challenging RM353.13 million in additional income tax assessments, including penalties, issued by the Inland Revenue Board (IRB) for 2021 to 2023. Zetrix AI Berhad disclosed in a Bursa Malaysia filing that its wholly-owned subsidiary MyEG received a letter from the IRB…
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CIMB Expands DuitNow QR Payments to 5 More Markets via Alipay+
CIMB Bank has expanded DuitNow QR payments through its CIMB OCTO app to five additional destinations: China, Hong Kong SAR, South Korea, the Philippines and Laos. Customers can now pay at participating Alipay+ merchants in these markets without downloading another payment app or…
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Juristech Partners Thailand’s TBN to Target 1,000 Non-Bank Lenders
Malaysia’s Juristech is making a push into Thailand’s non-bank lending market through a new agreement with TBN Corporation. The two companies have signed an exclusive MOU to offer end-to-end lending systems. TBN is targeting around 1,000 potential customers among Thailand’s more…
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Equinix Names Effendi Azmi Hashim as Malaysia Managing Director
Equinix has appointed Effendi Azmi Hashim as Managing Director for Malaysia, effective immediately. He joins from Kyndryl, where he led the Malaysia and Indonesia business, as Equinix advances more than US$700 million in investment commitments in the country. Based in Kuala…
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M+Global Launches Headstart Campaign with Cash and Share Rewards
M+Global, the digital investment platform by Malacca Securities, is encouraging more Malaysians to take their first step into investing with its latest Headstart campaign, offering eligible new customers RM50 cash with their first deposit of RM1,000. For those looking to start…
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Binance in Malaysia License Talks Amid US$6.3 Billion Crypto Hack
Binance is in talks with Malaysian regulators about a potential licensed return to the country, more than five years after authorities ordered the cryptocurrency exchange to cease local operations. The company has spent the past 10 months engaging the Securities Commission…
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Hong Leong Adds Alipay+ QR Payments Across Five Overseas Markets
Hong Leong Bank (HLB) is giving Malaysian travellers more ways to pay overseas by adding Alipay+ to its existing QR payment network. PayNet recently expanded DuitNow QR payments to China, Hong Kong, South Korea, the Philippines and Laos. HLB joins Maybank and CIMB as the first…
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Roblox Names Fave Founder Joel Neoh as SEA and Oceania MD
Roblox has appointed Malaysian entrepreneur and Fave co-founder Joel Neoh as managing director for Southeast Asia and Oceania, Marketing-Interactive reported. Neoh joined the gaming platform in October 2026 and will lead its regional strategy, working with local teams and…
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5 Initiatives Are Underway for Stablecoins and Tokenised Deposits in Malaysia
Back in June 2025, Prime Minister Dato’ Seri Anwar Ibrahim launched a new Digital Asset Innovation Hub. The hub was designed to support the development of digital assets and fintech in the country. According to him, its focus also included programmable money and a ringgit-backed…
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Tauke Tabung or Hutang Slayer? Discover Your Financial Purr-sona With AEON Bank’s Neko Sensei
In recent years, digital finance and online transactions have become intrinsically embedded in the lives of Malaysian consumers, as evidenced by Bank Negara Malaysia’s recent Annual Report 2025. According to the report, 86% of e-payment transactions in 2025 were conducted via…
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CIMB Islamic Funds SPM Tuition for Nearly 2,000 Low-Income Students
CIMB Islamic has contributed approximately RM700,000 to help nearly 2,000 underprivileged students prepare for their SPM examinations. The bank partnered with Yayasan Pendidikan Pelajar Melayu (YPPM) to run Program Pusat Tuisyen MADANI across 50 schools in Peninsular Malaysia.…
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SC Visits Zetrix AI Headquarters Amid Probe, Sources Say
The Securities Commission Malaysia (SC) has visited Zetrix AI’s headquarters in Petaling Jaya in connection with an investigation involving the company. The Edge Malaysia reported the visit on 28 October, citing sources familiar with the matter. Zetrix AI, formerly known as MyEG…
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BNM Fines AmBank Group RM552,000 Over Missed Cash Threshold Reports
Bank Negara Malaysia (BNM) has fined AmBank (M) Berhad and AmBank Islamic Berhad RM276,000 each for failing to submit cash threshold reports (CTRs) on time. BNM said the breaches resulted from technology implementation lapses caused by inadequate oversight of system changes. The…
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What 20 Years of Payments Says About the Next 20 | Jia Hang, Chairman, DCS
He sold UnionPay to Fifth Avenue jewellers with a crystal logo. Now Jia Hang is betting stablecoins will make payment equal settlement. Jia Hang is Executive Chairman of DCS Group, the Singapore company that started life as Diners Club Singapore in 1973. He has spent more than…
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Malaysia Bars Penang Petrol Station Over RM270,000 in Suspected BUDI Subsidy Misuse
Malaysia has barred a Penang petrol station from selling subsidised fuel and withheld over RM270,000 in payments following suspected misuse of BUDI MADANI. The Ministry of Finance (MOF) took action after receiving complaints from recipients who discovered their MyKad details had…