The financial services firm has approved four companies to join its regulatory sandbox, enabling the businesses to launch their financial services.
Bank Negara, the central bank of Malaysia, has welcomed four fintech startups to its regulatory sandbox, according to the Star.
The sandbox will enable the companies to launch their services commercially, while ensuring regulatory compliance and within limits set by the country’s central bank.
The four businesses that have joined the sandbox include GoBear and GetCover, which are working on financial advisory and insurance aggregation platforms, as well as remittance services provider WorldRemit and money changing services provider MoneyMatch.
Naysan…
