Nazir: ‘Banks like CIMB are challenged by fintech companies and will need to invest in technology to respond.’ Bloomberg Nazir: It’s good to set a regulatory framework for fintech KUALA LUMPUR: Banks need to embrace the competition arising from the evolution of financial technology (fintech), instead of fearing it, to better themselves, says CIMB Group Holdings [...]
KUALA LUMPUR (June 2): Bank Negara Malaysia has established a financial technology enabler group (FTEG) to facilitate the adoption of technological innovations in the Malaysian financial services industry. In a statement today, the central bank said the FTEG will be responsible for formulating and enhancing regulatory policies to aid the adoption of technological innovations. "The FTEG [...]
Bank Negara Malaysia (the Bank) announced today the establishment of a Financial Technology Enabler Group (FTEG), which will be responsible for formulating and enhancing regulatory policies to facilitate the adoption of technological innovations in the Malaysian financial services industry. The FTEG is part of the Bank’s commitment to support innovations that will improve the quality, efficiency [...]
Still strong: Investor interest in Snapchat is strong despite concerns among some venture capitalists that the platform is struggling to attract advertisers. — Reuters Messaging app Snapchat has raised US$1.81bil (RM7.35bil) in funding, the company reported in a US regulatory filing on May 26, a sign that investor interest is strong despite concerns among some venture [...]