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Singapore and Malaysia are set to begin a phased linkage of their two payment systems to support faster transactions between the two countries.
Shariah-compliant crowdfunding platform Ethis Global has raised RM 6.8m ($1.6m) in its pre-Series A round.
Malaysia-based InsurTech Ouch! has reportedly raised $364,600 in a funding round that will better position it for growth.
Dutch-based crowdfunding platform Lendahand has deployed €5m into Singapore-based Funding Societies to invest in underserved SMEs.
The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.
Axiata Digital, the digital service division of telecommunications conglomerate Axiata Group, has received $70m in funding to support the growth of its digital financial services.
Split, a FinTech helping those in Singapore and Malaysia to split payments into monthly instalments, has reportedly closed its seed funding round on an undisclosed amount.