Author: TechNode Global Staff

All five digital banks have collectively served 2.4 million customers, with total deposits of MYR 4.2 billion ($1.04 billion) in Malaysia by end of 2025, its central bank's annual report showed Tuesday.

Groundup.ai, Singapore-based agentic AI for cognitive maintenance, announced Monday it has officially closed a contract exceeding $10 million — the largest in the company’s history.

Malaysia's largest lender Maybank has successfully completed the first transaction under its inaugural pilot project for tokenized deposits and cross-border payments with Yinson Holdings Berhad, a Malaysia-based energy infrastructure company.

The World Bank Group’s private-sector arm, the International Finance Corporation (IFC), is partnering with OCI TerraSus Sdn. Bhd., a subsidiary of South Korea’s OCI Holdings, to build Southeast Asia’s first semiconductor-grade polysilicon plant in Malaysia, backed by $125 million in IFC funding.

The global push for tokenized money is entering a new, more mature phase. According to a recent UOB report, industry expectations are shifting from isolated pilots toward scalable operating models underpinned by five key drivers, captured in the acronym SCALE: Standards, Compliance, Access, Linked infrastructures, and Ecosystem.

Thailand’s Trade Competition Commission (TCCT) has introduced new guidelines for e-commerce platforms, setting out standards on pricing and business conduct aimed at curbing unfair trade practices and preventing market dominance in the country’s fast-growing digital economy.

Kenanga Research has on Friday downgraded Malaysia’s technology sector rating to neutral from overweight as external risks have intensified, particularly from global memory tightness, supply-chain fragility and persistent cost pressure across the value chain.

Malaysia’s national public sector pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is expected to commit up to MYR 190 million ($47.38 million) of capital in Lestari Cooling Energy Sdn. Bhd.

Tazapay, a Singapore-based payment infrastructure provider for emerging markets, announced the close of its Series B extension led by Circle Ventures, bringing total Series B funding to $36 million.

The Securities Commission Malaysia (SC) announced Thursday the establishment of the ICM Innovation Lab (FIKRALab), a structured co-creation and applied research and development (R&D) platform to develop new Islamic capital market (ICM) products and instruments.