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AXA, Ant Bank, AlipayHK enter strategic partnership to provide insurance offerings to millionsAXA Hong Kong and Macau, Ant Bank (Hong Kong) and AlipayHK announced a strategic partnership on Wednesday, in a move that would see AXA provide a slew of insurance products to AlipayHK users through Ant Bank and the AlipayHK app. In the partnership, AXA will offer solutions for savings, health protection and wealth accumulation that will be available to millions of AlipayHK users, helping to...0 Comments 0 Shares 7K Views 0 Reviews
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Backbase partners Synpulse to accelerate banking transformation across APACGlobal fintech firm Backbase has announced a strategic partnership with financial services consulting firm Synpulse to accelerate digital transformation for banks across Asia-Pacific. Backbase said in a statement on Thursday that the partnership provides banks with a comprehensive transformation approach that includes strategy consulting, tailored platform solutions, and localized...0 Comments 0 Shares 8K Views 0 Reviews
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Bank Islam partners RELDYN to set up TechFin entity to provide finance-related digital technology products, servicesMalaysian lender Bank Islam Malaysia Berhad announced Thursday it has partnered Malaysian cloud technology firm RELDYN Tech Sdn Bhd to set up a technology finance (TechFin) entity to provide finance-related digital technology products, services. Bank Islam said in a statement that its wholly owned subsidiary BIMB Holdings Sdn Bhd has entered a strategic joint venture agreement with RELDYN to...0 Comments 0 Shares 10K Views 0 Reviews
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Boost Bank disburses $35.52M to hundreds of SMEs in MalaysiaMalaysia’s digital bank Boost Bank said Tuesday it has disbursed close to MYR 150 million ($35.52 million) financing disbursements across hundreds of small and medium-sized enterprise (SMEs). The bank said in a statement that as the first digital bank in Malaysia to roll out financing solutions exclusively for SMEs, this achievement reaffirms Boost Bank’s strong support in driving...0 Comments 0 Shares 5K Views 0 Reviews
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GXBank and Grab Malaysia announce eight local startups shortlisted to drive innovation for Malaysia’s fintech ecosystemGXBank and Grab Malaysia have recently announced the inaugural top eight fintech startups shortlisted to be part of the six-month long TeXnovasi Accelerator Program. Supported by Cradle Fund and 1337 Ventures, TeXnovasi aims to empower Malaysia’s fintech startups through mentorship and resources towards building a tech-driven, financially empowered nation, and position Malaysia as a key...0 Comments 0 Shares 10K Views 0 Reviews
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GXBank partners MDEC to drive digitalization and financial inclusion of MSMEs in MalaysiaGXBank has signed a memorandum of understanding with the Malaysia Digital Economy Corporation (MDEC) to drive digital transformation of micro, small and medium enterprises (MSME) in Malaysia. GXBank said in a statement on Wednesday that this initiative is in-line with its mission to build a financially resilient nation through technology and innovation. “As one of Malaysia’s three...0 Comments 0 Shares 7K Views 0 Reviews
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GXS Bank acquires Validus Group’s Singapore businessGXS Bank announced Monday that it has received regulatory approval to acquire Validus Capital Pte Ltd, the Singapore subsidiary of Validus Investment Holdings Pte Ltd (Validus Group). The firm said in a statement that with the acquisition, small- and medium-sized enterprises (SMEs) can lean on GXS Bank to support their diverse business and financing needs across their growth stages. It is...0 Comments 0 Shares 6K Views 0 Reviews
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HLB, DCAP Digital collaborate to boost SME lending and financial inclusion with cutting-edge AIHong Leong Bank (HLB) has signed a memorandum of understanding (MoU) with DCAP Digital Sdn Bhd to boost the small and medium-sized enterprise (SME) lending and financial inclusion with cutting-edge artificial intelligence (AI). HLB said in a statement on Friday that the partnership is aligned with its continuous efforts to support the SME ecosystem and offer tailored financial solutions to...0 Comments 0 Shares 6K Views 0 Reviews
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Hong Kong’s ZA Bank appoints Calvin Ng as new CEOHong Kong digital bank ZA Bank has on Monday announced the appointment of Calvin Ng as its new Chief Executive Officer, effective from March 27. ZA Bank said in a statement that Ng will lead the Bank for its continued growth and innovation in Hong Kong’s digital banking space. He has served as an Executive Director of ZA Bank since September 2022. ZA Bank also announced that Ronald Iu...0 Comments 0 Shares 7K Views 0 Reviews
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iFAST Pay Malaysia expands into regulated payment servicesSingapore-based digital banking platform IFAST Corporation Ltd. announced last Friday that its Malaysia-incorporated subsidiary, iFAST Pay Malaysia Sdn Bhd, has received approval-in-principle from Bank Negara Malaysia to operate as an Electronic Money (E-Money) Issuer and to hold a Money Services Business (MSB) Class A license. IFAST said in a statement, the group’s vision is to build a...0 Comments 0 Shares 908 Views 0 Reviews
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KAF Digital Bank commences PERINTIS phase for early adoptersKAF Digital Bank has on last Friday started the onboarding of selected public customers with the commencement of the PERINTIS phase, marking a significant step towards redefining Islamic digital banking in Malaysia. Beginning April 25, a selected group of early public adopters will gain first-hand experience of KAF Digital Bank’s seamless Islamic digital banking platform, setting the...0 Comments 0 Shares 6K Views 0 Reviews
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