Cake Digital Bank, Vietnam's trailblazing digital-only bank, has announced a significant milestone: it is the first digital-only bank in Vietnam to achieve profitability, reaching this landmark just 3.5 years after its inception.
This achievement highlights Cake's transformative impact on Vietnam's financial landscape as it caters to the needs of tech-savvy,...
CIMB Group Holdings Bhd said it incurred a credit loss of RM280.9 million in 2021 due to a processing error that saw excess funds deposited into thousands of customer accounts.
CIMB, which counts sovereign wealth fund Khazanah Nasional Bhd as its largest shareholder, discovered the problem this year that related...
Affin Bank Bhd has won Outstanding Digital CX for Financial Inclusion for their SME Colony mobile app at the Digital CX Awards 2022. This win marks the third consecutive recognition from the Digital CX Awards for the bank’s capabilities in serving SMEs digitally.
Organised by The Digital Banker, the coveted...
CIMB Group Holdings Bhd and Al Rajhi Banking & Investment Corporation (Malaysia) Bhd are offering emergency assistance to their respective customers impacted by the current floods across Malaysia.
CIMB will provide a six-month payment relief on loan and financing products for individual and SME/business customers who have been impacted by...
Qashier, a Singapore-based fintech startup, has taken a significant step in supporting local SMEs with its newly launched 'SME support package.'
The objective of this initiative is to accelerate the adoption of digital payment solutions among Singapore-registered businesses.
The SME support package offered by Qashier is a game-changer, as it is...
Alliance Bank Malaysia Berhad has launched the BizSmart® Challenge Accelerator Edition, a cornerstone initiative to empower aspiring entrepreneurs and accelerate their business growth. Celebrating its 10th anniversary, the Bank has expanded the eligibility criteria to allow more SMEs to participate and grow their businesses exponentially.
In its seventh iteration, the...
The banking sector in Malaysia is well-positioned to withstand shocks and supportive of financial intermediation activities as it continues to be backed by healthy capital and liquidity buffers.
According to Hong Leong Investment Bank (HLIB), risks to financial stability such as credit, market, liquidity and contagion were quite contained in...
The festive shopping season is well underway. While cash once reigned supreme, increasing numbers of shoppers now rely on their mobile phones’ electronic wallets as a contactless payment method, replacing traditional credit cards or electronic ticket smart cards.
Smartphones increasingly utilise Near Field Communication (NFC) technology for convenience and connectivity....
Sabah Credit Corporation (SCC) has become the first financial institution in Malaysia to secured a loan linked to sustainability performance targets (SPTs) after getting a RM100 million sustainability-linked loan in the form of a revolving credit facility from CIMB Bank Bhd.
Through this SLL, SCC seeks to intensify its efforts...
Mastercard and Atome have partnered to launch the Atome Card in the Philippines, offering Filipino consumers a new way to pay with credit by providing cardholders with an Atome line of credit that can be used to pay retailers simply by presenting their Atome Cards during check-out.
Among the features...
The Securities Commission Malaysia (SC) is encouraging the wider adoption of financial technology (fintech) in agriculture in order to help in achieving the country’s food security agenda.
SC Chairman Dato' Seri Dr. Awang Adek Hussin said access to finance is critical to agriculture’s future.
This is especially important for smallholders and agritech-preneurs seeking to modernise agriculture and strengthen research and development, he said...
UOB Malaysia recently launched the Jom Transform - Sustainability Accelerator Programme (JT-SAP), which aims to empower small and medium enterprises (SMEs) with foundational knowledge and know-how to adopt sustainable practices and accelerate their transition to a low-carbon economy.
The launch ceremony was officiated by Liew Chin Tong, deputy minister of...
