Fast, factual wire coverage from across Malaysia and the region.
Steven Price, who oversaw thousands of investigations as FINRA's senior vice president, has departed the Wall Street watchdog to become chief compliance officer at dealmaking fintech Finalis, reflecting the growing disruption of traditional finance.
Malaysia's government plans to review import requirements and develop policies aimed at reducing reliance on foreign goods while strengthening domestic industries. The move comes as the nation pursues high-income status through enhanced productivity and innovation.
Jumio, an AI-powered identity intelligence company, delivered robust Q2 2026 results fuelled by expanded digital ID acceptance across 60+ countries and new continuous fraud detection capabilities.
A New York judge has rejected Zelle's attempt to dismiss a lawsuit accusing the payment platform of prioritizing growth over consumer safety, allowing a fraud case involving over $1 billion in losses to proceed.
PayPal, once a Wall Street darling worth $360 billion, now faces an unsolicited $53 billion takeover bid from Stripe and Advent International. The company's inability to innovate and competitive missteps have eroded its dominant position in digital payments.
Malaysia's Retirement Fund (KWAP) is attempting to recover RM163.4 million invested in aquaculture startup eFishery, which has faced serious fraud allegations. The pension manager confirmed the significant exposure after the company's collapse.
Alipay+ transaction values through Malaysia's digital payment system nearly doubled in 2025 to RM824 million, reflecting surging foreign tourist spending and the country's digital payment infrastructure expansion.
Malaysia's BNPL market has grown to 8 million active users with RM5.3 billion in outstanding balances, though default rates remain manageable at 3.4%. New licensing requirements are now in force.
The European Union is advancing negotiations on a digital euro, targeting formal approval by January 2027 and a 2029 launch. The initiative aims to provide a public alternative to cryptocurrencies and reduce reliance on US payment systems.
The European Parliament has given strong backing to a digital euro, with lawmakers voting 416-169 in favour of developing an electronic version of the currency that will coexist with cash.