In response to the recent floods impacting communities across the country, Hong Leong Bank and Hong Leong Islamic Bank (HLB) has announced a comprehensive Flood Relief Assistance Programme to support affected customers.
The program offers financial relief and assistance to individuals, SMEs, and micro-enterprises facing hardship due to the floods.
"Natural...
The financial knowledge of Malaysians has significantly improved since 2016 and is approaching the level of develop countries. However, there are still 3 challenges hindering further progress towards becoming a financially literate society.
Bank Negara Malaysia (BNM) deputy governor Adnan Zaylani Mohamad Zahid said this improvement is reflected in the...
The financial knowledge of Malaysians has significantly improved since 2016 and is approaching the level of develop countries. However, there are still 3 challenges hindering further progress towards becoming a financially literate society.
Bank Negara Malaysia (BNM) deputy governor Adnan Zaylani Mohamad Zahid said this improvement is reflected in the...
Webull Securities (Malaysia) Sdn Bhd, a subsidiary of Webull Corporation—the company behind the renowned Webull digital investment platform with over 40 million global downloads—has launched an Islamic banking channel.
This new feature enables local investors to fund their Webull trading accounts via either an Islamic or a conventional bank, establishing...
Boost, a regional fintech leader, and UOB Asset Management (Malaysia) (UOBAM (Malaysia)) have launched BoostMyMoney, a Shariah-compliant unit trust investment feature available on the Boost eWallet app. With access to UOBAM (Malaysia)’s host of funds under management, users can potentially earn higher returns.
Furthermore, BoostMyMoney is also the first in...
Bank Muamalat Malaysia Bhd and Credit Guarantee Corporation Malaysia Bhd (CGC) collaborates to launch the first ‘Halal Portfolio Guarantee-i Scheme’ to provide a robust financial safety net for SMEs in Malaysia.
The initiative aims to offer guarantees for financing facilities extended to SMEs engaged in halal-related businesses, ensuring that their...
Hong Leong Asset Management Bhd (Hong Leong AM) has announced the launch of Hong Leong Dana Dividen, a Shariah-compliant equity income and growth fund designed to offer investors opportunities for both capital growth and regular income distribution.
Chue Kwok Yan, Chief Executive Officer of Hong Leong Asset Management, said, “With...
A partnership between the Selangor Information Technology and Digital Economy Corporation (SIDEC) and PayMate will enable SMEs in Malaysia to make supplier payments using their credit cards, regardless of the suppliers’ typical acceptance methods.
This collaboration will empower almost 70,000 of Selangor’s SMEs business owners by providing extra payment options...
Tencent has announced a strategic partnership with Visa to introduce its palm recognition technology for digital payments in international markets. The service will first be rolled out in Singapore, where Visa cardholders from participating banks, including DBS, OCBC, and UOB, will be part of the pilot programme.
This partnership was...
Standard Chartered has partnered with Wise Platform, Wise’s global payments infrastructure for banks, to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit.
The partnership will allow Standard Chartered’s SC Remit customers in Asia and in the Middle East to send money in 21 currencies...
UOB FinLab, the Bank’s innovation accelerator, has awarded over S$100,000 to selected Green Technology (GreenTech) firms to pilot 15 sustainability solutions with UOB and its corporate partners across ASEAN. The pilot solutions and partnerships were unveiled at the GreenTech Accelerator 2024 Showcase Day as part of the Singapore FinTech...
RHB Banking Group (RHB) recently hosted its annual RHB #JomBiz Awards Ceremony to recognise the achievements of 60 micro-entrepreneurs who form the third and fourth cohort of the programme.
RHB #JomBiz is a socio-economic empowerment programme that is transforming the lives of micro-entrepreneurs from the B40 and underserved communities, providing...
