Bank Negara Malaysia, the country's central bank, added further participants to its «Fintech Sandbox», according to the bank fintech website. The first batch of participants included GoBear, GetCover, MoneyMatch, and World Remit as finews.asia reported in May.
The new participants include Jinerxu. The firm enables financial services companies to use a mobile approach to acquire customers online and to retain them. Jinerxu recently secured $2 million funding.
Also in the sandbox are CIMB, a local bank, and Paycasso, a fintech that delivers a global customer identification platform to clients from the financial services and healthcare sectors. Paycasso is based in the U.K. and has no physical presence in Malaysia as of yet, according to its website.
Malaysia's central bank approved a second group of fintech companies permission to enter its regulatory sandbox, following an earlier batch of approvals in May