Alrajhi Bank Malaysia’s Digital Bank, Rize, Goes All-In On AWS

Plans to migrate key IT infrastructure to AWS by 2026.
Will be built using AWS microservices for agility and expandability.  
Amazon Web Services (AWS), an Amazon.com company, announced today that Al Rajhi Banking and Investment Corporation (Malaysia)’s digital bank, Rize, is going all-in on AWS.
 
Alrajhi Bank Malaysia, a subsidiary of Al Rajhi…Continue Reading

Principal launches ESG-focused Shariah-compliant investment fund

Fund aims for companies that embrace sustainability values in business
Target fund is a qualified Sustainable and Responsible Investment fund Principal Malaysia has introduced the Principal Islamic Global Responsible Equity Fund, a Shariah-compliant investment fund that provides investors with an opportunity to invest across a diversified portfolio of equities while considering sustainability…Continue Reading

BNM-MAS launch QR code payments connectivity between Malaysia and Singapore

DuitNow-NETS QR is connected for travellers to make payments
Person-to-person fund transfers & remittances ready by year-end Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) yesterday launched a cross-border QR code payment linkage between Malaysia and Singapore.
The linkage will allow customers of participating financial institutions to make retail payments…Continue Reading

Jendela’s strong progress sees MCMC winning World Summit on the Information Society Prizes 2023, infrastructure category

It also won the WSIS Prize 2023
Targets include fibre optic connectivity, mobile data rate, and 4G coverage The first phase of Malaysia’s Jalinan Digital Negara (Jendela) (2020 to 2022) has not only met but surpassed some of its targets said the Minister of Communications and Digital. That robust progress also caught the…Continue Reading

Oyen hits US.6mil worth of protection milestone, introduces Malaysia’s first online feline insurance agent

Projects to achieve 50,000 pets covered in Malaysia, 100,000 in SEA by 2025
Rolled out new (human) travel insurance designed exclusively with elements of pet protection Oyen®, Malaysia’s premier digital first online pet insurance platform claimed it achieved a milestone of US$22.6 million (RM100 million) worth of protection, a sixfold growth from 2021 to…Continue Reading

Thai Insurtech Roojai Raises USmil In Series B round

In 2022 Roojai’s premium income in Thailand grew by 25%
US$32mil from direct injection, US$10mil from secondary share transaction Roojai, a Thai-based online B2C insurtech, announced a US$42 million Series B funding round on 28 March, led by HDI International, the International Retail Insurance division of the German Talanx Group, with additional participation from existing investor,…Continue Reading

Capital Markets Malaysia launches first corporate venture capital programme to advance local ecosystems

  Builds on existing ecosystem to link players across private & public markets
Partners MDEC to promote corporate venturing as innovation & growth strategy Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), launched on 21st March, the nation’s first Corporate Venture Capital (CVC) Programme to advance the domestic…Continue Reading

Gobi Partners onboards Care Concierge to Khazanah-backed Gobi Dana Impak Ventures fund

Funding to create innovative solutions to revolutionise senior living care
Gobi confident of Care Concierge growth prospects for the Silve Economy Gobi Partners, a Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has onboarded its first portfolio, Care Concierge under its newly established Gobi Dana Impak…Continue Reading

Working with Crest, Wong Peng Wen aims to create a world-class RF ecosystem in Malaysia

Left role as head at Huawei’s R&D Lab in Sweden, to ‘do something for Malaysia’ 
Help firms embrace RF technologies like 5G/6G and IoT, support value-added RF activities As the world becomes increasingly connected, radio frequency (RF) technology has emerged as an essential component of wireless communication. Driven by his passion for microwave engineering and years…Continue Reading

Working with Crest, Wong Pen Wen aims to create a world-class RF ecosystem in Malaysia

Left role as head at Huawei’s R&D Lab in Sweden, to ‘do something for Malaysia’ 
Help firms embrace RF technologies like 5G/6G and IoT, support value-added RF activities As the world becomes increasingly connected, radio frequency (RF) technology has emerged as an essential component of wireless communication. Driven by his passion for microwave engineering and years…Continue Reading