Menu

Search

  |   Fintech

Menu

  |   Fintech

Search

Malaysian CIMB Group creates fintech standalone unit

Malaysia-based CIMB Group Holdings has created a fintech standalone unit ‘CIMB Fintech’ in a move to develop innovative banking solutions with the help of evolving fintech, Nikkei Asia, reported.

The CIMB Fintech will serve as a hub for fintech startups in order to perform experiments as well as realize digital ambitions as it strengthens its foothold as a regional lender. CIMB has appointed Olivier Crespin to lead and head the fintech unit.

“Its operating model will be agile, dynamic and nimble, in order to provoke, incubate and execute ideas that will either redefine or enhance CIMB's products and services,” Zafrul Aziz, the group's chief executive, said in a press release.

Alibaba’s unit Ant Financial Services also entered into agreements with CIMB and Malayan Banking, in order to develop Alipay mobile payment services in the country.

Earlier in 2015, Maybank launched the MaybankFintech program in order to fund emerging fintech startups and to develop digital banking platforms.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

October 24 09:00 UTC Released

EZMarkit Comp Flash PMI

Actual

55.9 bln EUR

Forecast

56.5 bln EUR

Previous

56.7 bln EUR

October 24 09:00 UTC Released

EZMarkit Serv Flash PMI

Actual

54.9 bln EUR

Forecast

55.6 bln EUR

Previous

55.8 bln EUR

October 24 12:55 UTC 215215m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 215215m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 12:55 UTC 215215m

USRedbook MM

Actual

Forecast

Previous

-1.4 %

October 24 12:55 UTC 215215m

USRedbook YY

Actual

Forecast

Previous

3.6 %

October 24 13:00 UTC 220220m

MXFlash Trd Bal Non-EU*

Actual

Forecast

Previous

-0.7 Bln EUR

October 24 13:00 UTC 220220m

MX1st Half-Mth Infl YY*

Actual

Forecast

Previous

1.00 %

October 24 13:00 UTC 220220m

USIGAE Econ Activity MM

Actual

Forecast

Previous

-0.7 %

October 24 13:00 UTC 220220m

MXIGAE Econ Activity YY

Actual

Forecast

1.50 %

Previous

1.00 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.