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LONDON, January 25, 2022–(BUSINESS WIRE)–Al Rajhi Bank Malaysia (ARBM), a wholly-owned subsidiary of the world’s largest Islamic bank by assets, Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA), has selected Thought Machine, the cloud native core banking technology firm, to power their upcoming next-generation digital bank and strengthen their position as a leader in Islamic banking. Al… Source link

The legacy of the Covid endemic  Medical experts around the world are beginning to say that the Covid-19 crisis is heading into an endemic stage with the emergence of the Omicron variant. The world is experiencing drags within supply chains, a lethargic recovery in international tourism, and continued pressures on the cost of living from high oil prices. Countries will need to transition… Source link

Multi-currency digital wallet made for SMEs — the first in Malaysia. (Photo by ISAAC LAWRENCE / AFP) SMEs can send and receive money in 10 currencies, and hold and manage those currencies by establishing a single banking relationship with HSBC Malaysia.  With Global Wallet, the bank anticipates growth of 25% in the first year in its SME customer base. Small and Medium Enterprises in… Source link

PETALING JAYA: HSBC Malaysia has launched the country’s first multi-currency digital wallet – HSBC Global Wallet – which allows small and medium enterprises (SME) to make and receive international payments simply and securely from one single global account. The wallet is fully integrated with its existing business banking platform, HSBCnet, utilising the bank’s global payments… Source link

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz wraps up debate on the flood disaster during the Special Session in Parliament, January 20, 2022. — Bernama pic KUALA LUMPUR, Jan 20 — The Finance Ministry is considering providing grants to small and medium enterprises (SMEs) and micro-entrepreneurs affected by the 2021/2022 north-east monsoon floods. Finance Minister Datuk Seri… Source link

KUALA LUMPUR (Jan 20): HSBC Bank Malaysia Bhd has launched Malaysia’s first multi-currency digital wallet that enables small and medium enterprises (SMEs) to make and receive international payments simply and securely from a single global account. In a statement on Thursday (Jan 20), HSBC Malaysia said the multi-currency digital wallet Global Wallet is fully integrated within its existing… Source link

KUALA LUMPUR: HSBC Malaysia has launched the country’s first multi-currency digital wallet that enables small-and-medium enterprises (SME) to make international transactions from one single global account. In a statement, the bank said the HSBC Global Wallet is fully integrated within its existing business… Source link

Another startup focused on SMEs in Southeast Asia has announced a funding round. Dropee, a Malaysia-based B2B wholesale platform that also offers financial services, like working capital loans, to SMEs, said today it has closed a Series A round totaling $7 million. The Y Combinator alum raised $3 million in equity and $4 million in debt, led by returning investor Vynn Capital. Other… Source link

SHAH ALAM, Malaysia, Jan. 20, 2022 /PRNewswire/ — Despite the importance of digitalising, many businesses and SMEs are still struggling to embrace the digital world due to lack of knowledge, skills and experience in pivoting away from traditional business models. The Chief Minister of Selangor, Datuk Seri Amirudin Shari has recently witnessed the exchange of memorandum of association… Source link

KUALA LUMPUR: The MyDIGITAL initiative, which comes under the National Digital Economy Blueprint, is set to further grow Malaysia’s digital economy into a strategic economic engine of growth, said SAP Malaysia managing director Hong Kok Cheong in a statement. Hong commended the Malaysian government for this… Source link