Bahamas Mandates Bank Integration to Boost Sand Dollar CBDC Adoption
Jul01

Bahamas Mandates Bank Integration to Boost Sand Dollar CBDC Adoption

The Bahamas will require commercial banks to facilitate access to its “Sand Dollar” CBDC to boost adoption, aiming to enhance its use in everyday transactions. This regulatory move underscores the country’s leadership in the global shift towards digital currencies. 1 July 2024 – The Bahamas, the first country to issue a central bank digital currency (CBDC), is set to introduce regulations requiring commercial banks...

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MOSTI Launches Pioneering Tech Hubs to Boost Malaysia’s Innovation and Economic Growth
Jul01

MOSTI Launches Pioneering Tech Hubs to Boost Malaysia’s Innovation and Economic Growth

MOSTI has launched the Industry Technology Innovation Centre, the Semiconductor Research Consortium, and Mimos Academy at Mimos Bhd to drive technological advancements and economic stability in Malaysia. These initiatives aim to enhance local innovation, reduce import reliance, and foster talent development, positioning Malaysia as a global technology leader. 1 July 2024 – The Ministry of Science, Technology and Innovation...

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Jirnexu Sdn Bhd Acquires CompareHero, Enhancing Leadership in Malaysian Fintech Sector
Jul01

Jirnexu Sdn Bhd Acquires CompareHero, Enhancing Leadership in Malaysian Fintech Sector

Jirnexu Sdn Bhd, parent company of RinggitPlus, is acquiring CompareHero from MoneyHero Limited, enhancing its leadership in the Malaysian fintech sector. This strategic move will expand Jirnexu’s reach and capabilities, while MoneyHero transitions to an investor role in Jirnexu. 1 July 2024 – Jirnexu Sdn Bhd, the parent company of RinggitPlus, has announced its acquisition of CompareHero, the Malaysian arm of...

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IBPO Group Berhad Partners with Triathlon Star Ann Pow to Champion Financial Empowerment
Jul01

IBPO Group Berhad Partners with Triathlon Star Ann Pow to Champion Financial Empowerment

IBPO Group Berhad has appointed Malaysian triathlete Ann Pow as its first brand ambassador, aiming to inspire and empower young athletes and women through its innovative financial solutions. Ann Pow, a celebrated triathlete, will promote IBPO’s values and technology, including the ANIKA AI-powered financial consultant. 1 July 2024 – IBPO Group Berhad (IBPO), a premier fusion financial company, has proudly announced the...

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BIS Advances Global Payment Connectivity with Project Nexus Phase Four Expansion
Jul01

BIS Advances Global Payment Connectivity with Project Nexus Phase Four Expansion

The BIS and partners have completed the blueprint for phase three of Project Nexus, moving closer to seamless global instant payment connectivity. Phase four will see India’s UPI joining, significantly expanding the user base. 1 July 2024 – The Bank for International Settlements (BIS) and its partners have successfully completed the comprehensive blueprint for phase three of Project Nexus, marking a significant step...

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Malaysia Shines at Annecy Festival with Groundbreaking Animation Achievements and Strategic Partnerships
Jul01

Malaysia Shines at Annecy Festival with Groundbreaking Animation Achievements and Strategic Partnerships

The Malaysia Digital Economy Corporation (MDEC) celebrated its 10th year at the Annecy International Animation Film Festival, showcasing 15 companies and signing a significant MoU to enhance Southeast Asia’s digital content industry. This marks a notable step in positioning Malaysia as a digital hub in ASEAN. 1 July 2024 – The Malaysia Digital Economy Corporation (MDEC) has celebrated its 10th year of participation at the...

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