# Banking and fintech developments in Philippines and Malaysia

> Live situation record from CLSTR: https://clstr.news/situations/banking-and-fintech-developments-in-philippines-and-malaysia
> Updated: 2026-08-31T02:43:17.000Z. Sources: 15. Developments: 2.

Developments in the Philippines and Malaysia focus on banking liquidity, deposit growth, and fintech investment.

In the Philippines, the Bangko Sentral ng Pilipinas (BSP) is implementing reforms to require domestic systemically important banks to maintain and annually test access to its Discount Window Facility (DWF) to accelerate liquidity support during funding stress. Additionally, the Philippine Deposit Insurance Corporation (PDIC) reported that bank deposits reached PHP 22.04 trillion by the end of March 2026, a 9.8% year-on-year increase driven by individuals and private corporations.

In Malaysia, the International Finance Corporation (IFC) invested US$20 million in Boost Holdings via a preference-share transaction, resulting in a post-money valuation of US$340 million for the fintech provider.

## Timeline

### 2026-08-31: Singapore to invest S$220 million in fintech innovation

Singapore will invest S$220 million over three years through the FSTI 4.0 scheme to boost fintech innovation, focusing on AI, frontier technologies, infrastructure, and talent development.

15 sources. https://clstr.news/cluster/boost-holdings-receives-us20-million-investment-from-ifc

### 2026-08-19: AFFIN Group and Baiduri Bank expand Malaysia-Brunei banking ties

AFFIN Group and Baiduri Bank are expanding Malaysia-Brunei banking ties, while the Bangko Sentral ng Pilipinas is funding cloud-based digital transitions for Philippine rural banks.

5 sources. https://clstr.news/cluster/affin-group-and-baiduri-bank-expand-malaysia-brunei-banking-ties

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Cite as: Banking and fintech developments in Philippines and Malaysia. CLSTR, https://clstr.news/situations/banking-and-fintech-developments-in-philippines-and-malaysia