BNM
Malaysian Central Bank, PayNet and financial institutions launch National Fraud Portal to curb financial scams
Bank Negara Malaysia (BNM), Payments Network Malaysia Sdn. Bhd. (PayNet), and financial institutions have on Tuesday launched the National Fraud Portal (NFP) as an integrated platform to strengthen the operational capabilities of the National Scam Response Center (NSRC).
Malaysian Central Bank to issue licenses to digital insurers that meet requirements
Malaysian Central Bank has on Wednesday issued the policy document on licensing and regulatory framework for digital insurers and Takaful operators (DITOs).
Malaysia and Cambodia central banks team up to strengthen regional cooperation in financial innovation and payments
Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) said Tuesday they have signed a Memorandum of Understanding (MoU) to strengthen cooperation in financial innovation and payments. The MoU will promote closer cooperation between BNM and NBC to drive financial innovation and foster more efficient and secure cross-border payments for the…
Malaysian Central Bank, World Bank announce initiatives to enable financial sector to support nature-positive outcomes
Bank Negara Malaysia (BNM) and the World Bank have announced two key initiatives to enable the financial sector to support nature-positive outcomes. The two initiatives are financial risks assessment guide for Malaysian financial institutions and businesses to assess nature-related risks and impacts; as well as private capital mobilization for nature-based…
Malaysia and Singapore launch cross-border real-time payment systems connectivity
Malaysian central bank Bank Negara Malaysia (BNM) and Singapore central bank the Monetary Authority of Singapore (MAS) have jointly launched the real-time payment systems linkage between Malaysia’s DuitNow and Singapore’s PayNow.
Malaysian Central Bank to finalize DITO Framework in first half of 2024
Malaysian Central Bank said Thursday that it will be refining several aspects of the Digital Insurers and Takaful Operators (DITO) Framework. Bank Negara Malaysia plans to finalize the framework by the first half of 2024.
Malaysian Central Bank: micro and small businesses will continue to enjoy zero-cost transactions DuitNow QR payments
Malaysian Central Bank said last Friday that micro and small businesses in Malaysia will continue to enjoy zero-cost transactions DuitNow QR payments, and no new costs for individual customers.
Malaysian Central Bank aims to issue up to five DITO licences
Malaysian Central Bank has on Friday issued the exposure draft on licensing and regulatory framework for Digital Insurers and Takaful Operators (DITOs) for written feedback following the issuance of the discussion Paper earlier this year. The bank aims to finalise the policy document and invite the applications for licence in 2023. Meanwhile, up to five…
Central Banks of Indonesia, Malaysia, Philippines, Singapore and Thailand seal cooperation in regional payment connectivity
Bank Indonesia (BI), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and Bank of Thailand (BOT) have agreed to strengthen and enhance cooperation on payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments.
