Malaysian Fintech Ascertain Group Expands into Three New Global Markets

Expansion underlines the growing significance of homegrown fintech companies in exporting financial technology and building competitive digital infrastructure globally.

Ascertain Group of Companies, a Malaysian financial technology and payments ecosystem provider, is expanding into three new international markets as it accelerates its global growth strategy centred on exporting homegrown financial infrastructure

The Group said the expansion reflects its continued push to scale through partnership-led market entry, reinforcing how Malaysian-built financial technology is being deployed internationally through collaboration-driven execution rather than traditional expansion models.

The move aligns with Malaysia’s broader ambition to strengthen its position as a regional hub for digital economy development and financial technology innovation.

Founded in 2008, Ascertain Group today partners with leading regional and international banks across the region. The Group facilitates more than one billion payment transactions annually through integrated solutions spanning core banking technology, payment systems, artificial intelligence and digital transformation.

These capabilities reinforce its role in powering modern financial ecosystems, connecting over ten financial institutions, and supporting more than 500 businesses.

Group Chief Executive Officer Rathnavel Anandhakumar said Ascertain’s international growth strategy is built on trust, local relevance and collaboration with in-market partners.

“Global expansion is not simply about entering new markets. It is about understanding local realities, building trusted partnerships and delivering technology that strengthens each financial ecosystem we enter,” he said.

“Our approach has always been to work alongside local partners who understand their markets best, while we bring our homegrown tech, expertise and innovation across borders.”

Ascertain’s expansion strategy is already being demonstrated through strategic collaborations in Indonesia, Oman and India, with an emphasis on trust, local partnerships and market- specific execution.

• Indonesia: Strategic partnership with PT Praisindo Teknologi to strengthen the country’s wealth and asset management ecosystem through enhanced payment capabilities, connecting more than 15 banks and over 30 financial institutions to improve financial connectivity and operational efficiency.
• Oman: Ascertain is collaborating with Grand Group Oman to strengthen digital financial infrastructure and enable broader ecosystem connectivity through a long-term partnership approach.
• India: Collaboration with Ideassion Group as a strategic partner to deliver cutting-edge financial technology, artificial intelligence and digital transformation solutions, while creating new opportunities for growth across India, South Asia, the Middle East, and ASEAN

Looking ahead, Ascertain will continue investing in next-generation financial technologies, artificial intelligence and cloud-enabled platforms while expanding its international footprint through strategic partnerships and market-driven innovation.

Speaking on the opportunity to showcase Malaysia’s globally competitive financial technology capabilities, Rathnavel said Ascertain sees its growth as part of a broader effort to represent Malaysian fintech on the global stage.

“We are deeply privileged to showcase what we are capable of in building financial technology that competes globally. Our focus is on carrying forward our homegrown technology DNA into the markets we enter, ensuring we build solutions that are both globally relevant and locally grounded,” he said.

Founded in 2008, Ascertain Group of Companies is a Malaysian technology group building the infrastructure that powers modern financial ecosystems. Over the past 18 years, the Group has evolved from a banking technology specialist into an integrated ecosystem spanning core banking technology, payment systems, artificial intelligence, cloud, data and digital transformation.

Today, Ascertain partners with leading regional and international banks across the region. The Group connects 10 financial institutions, supports more than 500 businesses, and facilitates more than one billion payment transactions annually through its portfolio of technology solutions, helping financial institutions, enterprises and governments build secure, scalable and future-ready digital infrastructure.