Malaysia's freshest news, trending stories and local buzz.
JPMorgan Chase CEO Jamie Dimon is spearheading a cross-industry initiative to manage artificial intelligence risks affecting critical infrastructure. The effort involves over 40 major corporations across finance, energy, and telecommunications.
Bank Negara Malaysia will implement a comprehensive Performance Measurement Framework for development financial institutions starting July 2027, evaluating their contribution to developmental goals, sectoral impact, and operational efficiency.
Malaysia's Alipay+ transaction volume surged 89.6% to RM824 million in 2025 as foreign visitors increasingly use digital wallets at local merchants, with continued momentum into 2026.
The Financial Action Task Force warns that criminals are moving billions through cryptocurrencies by exploiting regulatory gaps. Though compliance has improved slightly, significant vulnerabilities persist across the sector.
Malaysia's BNPL sector has grown to 8 million active account holders in early 2026, with a RM5.3 billion outstanding balance. The Consumer Credit Commission has introduced mandatory licensing requirements, with existing providers required to comply by November 2026.
The Dutch central bank has penalised ABN AMRO Bank with an €8.5 million fine for serious deficiencies in its anti-money laundering framework, citing inadequate customer monitoring between September 2023 and September 2024.
Malaysian banks are accelerating AI deployment across operations, yet most lack mature governance structures and strategic frameworks. Only 15% have reached established AI readiness levels, revealing significant capability gaps.
The Asian Institute of Chartered Bankers calls for Malaysian banks to shift focus from AI adoption to trustworthy implementation, backed by robust governance frameworks and skilled talent as the sector accelerates digital transformation.
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Finance Minister Datuk Seri Amir Hamzah Azizan has stressed that the banking industry's future depends on blending artificial intelligence with human judgment, ethical governance and significant investment in skilled talent.
The Bank of England's deputy governor for financial stability has warned that existing regulatory frameworks are ill-equipped to handle the growing capabilities of autonomous AI systems in finance, calling for enhanced governance structures.