Bank Negara Malaysia

FT Focus report shows APAC banks lag in digital transformation, two in three expect to lose market share
Banks must reposition themselves, embrace tech to avoid extinction 3 in 5 believe they will cease to exist unless they change business models
Axiata, RHB formalise joint bid for a digital banking license
Both parties have signed a MoU to expand and deepen collaborations between both parties, including making a joint bid for the digital banking license under Bank Negara Malaysia.
MyMy, Sukaniaga ink deal to form digital banking consortium
Digital banking consortium focused on the six million co-operative members To target 100 million co-operative members in Asean in next phase
Merchantrade gets e-KYC nod from BNM for money changing
Aims to disrupt US$19 bil money changing market Merchantrade Money wallet set to triple growth trajectory, currently at US$167mil
Malaysia to host MyFintech Week 2019 in June
First flagship fintech event be held from June 17 to 21, 2019 in Sasana Kijang, Kuala Lumpur.
Fintech startups: Less like disruptors, more like innovative partners
There is ‘robust innovation’ coming out of new fintech players, and the more established incumbents.
BNM nod for MoneyMatch to conduct digital remittance services
First to receive approval to offer a complete digital experience from customer onboarding (eKYC) to executing transactions online.
1337 Ventures launches accelerator programme for MyFintech Week 2019
Its first ever accelerator for the Bank Negara initiative.
SC to regulate issuance of digital assets in Malaysia
Regulations are being put in place to bring digital assets within the remit of securities laws.
APAC banks plan to offer Open Banking services to commercial customers
Many expect double-digit revenue growth as a result, Accenture Research finds.
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Digerati50 2020-2021

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