Jirnexu workforce
Malaysia-based full-stack fintech options supplier Jirnexu has signed strategic partnerships with greater than 5 consortia of their bids for a digital banking license.
The small print of the partnerships stay undisclosed.
This information was first reported by Fintechnews Malaysia.
Jirnexu was launched in 2012 to assist banks and insurance coverage firms handle the completely different levels of the client journey, from advertising to retention, by utilizing a data-driven platform named XpressApply.
The corporate owns and operates monetary comparability websites KreditPlus and RinggitPlus.com in Malaysia, and KreditGoGo in Indonesia.
Based on the publication, Jirnexu has reportedly facilitated 1.28 million bank card transactions and is a part of the area’s central financial institution, Financial institution Negara Malaysia’s (BNM) regulatory Sandbox.
Additionally Learn: Experian leads US$10M funding in Malaysian fintech agency Jirnexu
“What Jirnexu brings to the desk is the digital know-how to assist conventional banking gamers digitise and optimise their operations. In the meantime, our robust buyer base places us in a singular place on this rising digital banking ecosystem, as we now have insights into buyer behaviours, calls for, and in addition creditworthiness. With our capabilities mixed, we’re assured that we will elevate the digital banking house and create a holistic mannequin with our companions to cater to the wants of the individuals, particularly the B40 and M40 teams,” mentioned Siew Yuen Tuck, co-founder of Jirnexu.
The race for digital banking licenses has intensified ever since BNM acquired 29 purposes for under 5 licenses. The candidates embody a mixture of main platform firms, airways, conglomerates, and state governments. Incumbent lenders, private-equity companies, and fintechs have additionally utilized.
Winners from Singapore’s digital banking race, Seize-Singtel consortium, are additionally among the many area’s contenders which have a great probability of gaining one other license after its victory within the city-state.
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Picture Credit score: Jirnexu
The publish Jirnexu companions with over 5 digital banking license contenders in Malaysia appeared first on e27.
