Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Maybank to continue partnering fintech companies on SME solutions
Last update: 06/09/2018

KUALA LUMPUR, Sept 6 (Bernama) -- Malayan Banking Bhd (Maybank) will continue partnering with financial technology (fintech) companies that can provide solutions for small and medium enterprises (SMEs).

Head of Innovation Amran Hassan said the bank spoke to more than 50 different companies from the region, mainly from Malaysia, Singapore, Thailand and Indonesia since it started its fintech segment four years ago.

“We have invited technology companies out there to talk to us and see if their products or services are relevant to Maybank.

“We are looking for firms with the right personality (to collaborate with). The better ones are those having more senior or ex-bankers in their teams,” he told reporters on the sidelines of the International Data Corporation Financial Services Innovation Summit 2018 here today.

Amran said Maybank is always open to collaborations without providing any details on existing partnerships.

On the type of fintech companies Maybank would collaborate with, he said it would be with companies which helped the bank provide better digital services as the group moves towards greater digitalisation.

“Its about improving customers’ (digital) experiences when dealing with Maybank, and about increasing our own efficiency and productivity while maintaining (the correct) risk levels,” Amran said.

Asked on regulatory support for the fintech sector, he said since Bank Negara Malaysia established the Financial Technology Enabler Group, it was easier for fintech companies or banks to initiate discussions with the central bank on new ideas.

“For example, they (BNM) launched the (fintech) sandbox where companies can test their new products.

“These steps by the central bank certainly help move the industry forward,” he said. 

For this year, Amran said Maybank would be looking for companies which support other small and medium enterprise (SME) companies. 

“In this year’s Maybank fintech programme, we launched what we call businesses-for-businesses (programme) where we look for technology-companies that we can partner with, to provide services to other SME companies,” he added.

-- BERNAMA


 <Back>

Bank Muamalat manages more than RM20 million in waqf fund
No need for Islamic banks consolidation now, says banker

 
Technology will not take over human jobs

5 LIAM CEOs conferred prestigious MII Fellowship
2019 Budget is a caring budget - LIAM

 
AmMetLife, Mydin announce first iMeriah recipient

MIDDAY, MONDAY, NOV 19
US4.1890/1930
S'pore3.0485/0519
100 Yen3.7160/7205
Sterling5.3766/3826
Euro4.7776/7825
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
Yes
No
Not Sure
 
  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution