Digital Banking: Malaysia based Fintech Jirnexu to Work with Five Local Entities Seeking Virtual Bank License
Malaysia-based Fintech firm
Jirnexu reveals that it has entered into partnership agreements with over five consortia as they apply for a virtual banking license.
They stated that with Jirnexu’s client base and a solid understanding of their financial requirements via RinggitPlus.com, the digital banking license seekers can develop a comprehensive portfolio to support their application during this selection period.
In order to improve Malaysia’s financial literacy rate, Jirnexu had introduced the financial comparison website RinggitPlus.com back in 2013.
RinggitPlus has created a credit scoring system, referred to as X-Score, by using its proprietary data from its digitally sourced credit card and personal loan documents. This scorecard should allow virtual banks to source clients confidently while taking into consideration their risk appetite.
Malaysia based Fintech Soft Space Partners GMO Financial Gate to Offer Payment Solutions to Japanese Consumers
Malaysia-based Fintech firm
Soft Space has teamed up with Japan’s
GMO Financial Gate (GMO-FG), a payment service provider, in order to offer payments solutions to Japanese consumers.
Through the partnership, Soft Space will be supporting the secure and seamless Europay, Mastercard, and Visa (EMV) transactions. Soft Space will also introduce its suite of payment solutions into different industry sectors in the Japanese markets. Soft Space and GMO-FG are also planning to support more acceptance points in the future.
Developed by Soft Space’s technology, these payment solutions aim to take advantage of the convenience offered by smart devices. Customers may use the platform to easily carry out cashless card transactions. Merchants and other partners that use these payment solutions can potentially lower their overall operational costs.