GXBank

GXBank Berhad and Grab Malaysia have concluded their first joint startup accelerator program TeXnovasi which saw Finory.tech as the winner.

GXBank, the digital bank subsidiary of GXS Bank in Malaysia, announced Wednesday the succession in its senior management team.

Grab-backed GXBank, topped Malaysia's digital banking customer deposits with MYR 2.16 billion ($489 million) for the first nine months of 2024, RAM Ratings said Friday.

GXBank and Grab Malaysia have recently announced the inaugural top eight fintech startups shortlisted to be part of the six-month long TeXnovasi Accelerator Program.

1337 Ventures, Malaysia-based venture capital firm, announced its role as the lead accelerator for TeXnovasi—an ambitious initiative by GXBank and Grab Malaysia, with support from Cradle and MYStartup.

The event also saw the launch of TeXnovasi, a collaborative effort between GXBank and Grab Malaysia, and supported by Cradle Fund Sdn Bhd (Cradle), MYStartup and 1337 Ventures which aims to build an inclusive and sustainable tech-based entrepreneurship ecosystem in Malaysia.

Zurich General Insurance Malaysia Berhad and GXBank Berhad have announced the launch of Cyber Fraud Protect offered within the GXBank application and powered by Zurich Edge platform.

Grab-led GX Bank Berhad (GXBank) said Friday that it will invest MYR 1.5 billion ($333 million) into Malaysia over the next five years includes the establishment of the GX Untuk Semua initiative, further solidifying Malaysia’s position in the digital banking landscape.

Grab-backed digital bank GX Bank Berhad (GXBank), Zurich General Insurance Malaysia Berhad and Zurich Life Insurance Malaysia Berhad, have jointly announced their ten-year exclusive bancassurance tripartite partnership to co-create micro protection products for underserved Malaysians.

Grab-backed digital bank GXBank is on track to establish a regional center of excellence (COE) for shared services in Malaysia. Establishing the COE is part of GXBank’s MYR 1.5 billion (314 million U.S. dollars) investment into Malaysia over the next five years.