bandar toto togel dan situs toto slot agen toto slot hingga toto macau bo toto slot terbesar agen toto macau bet 100 perak bandar slot toto terbesar slot gacor 4d dari toto slot slot gacor 4d dari slot toto bandar toto togel bet 100 perak toto macau deposit tanpa potongan toto togel deposit 10rb agen togel online resmi pasaran macau toto togel 4d di situs toto terpercaya agen toto togel 4d tersedia slot 4d agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik toto togel deposit 10000 agen toto macau bet 100 slot gacor dengan toto togel resmi bandar toto togel terpercaya bo toto slot pasti slot gacor toto slot anti rungkad deposit cepat toto togel resmi terlengkap togel online terpercaya dan terbesar togel slot 4d dengan toto togel dan toto macau slot gacor 4d dari slot toto anti rungkad toto macau dari toto togel resmi situs toto togel dan toto macau agen toto macau dan toto togel terbaik toto togel terbesar toto togel resmi terpercaya toto togel toto togel toto togel toto togel toto togel toto togel togel toto terbesar togel online resmi terpercaya bo toto macau terbesar situs judi toto togel terbaik toto macau bet 100 perak tanpa potongan slot 4d dari toto togel 4d terpercaya slot gacor hadiah terbesar mudah menang situs toto togel resmi bet 100 bandar judi toto macau terpercaya agen judi toto togel toto togel terbaik toto togel terpercaya toto togel toto togel toto togel ltdtoto https://sierradebaza.org/modules/ bandar togel terpercaya situs toto togel 4d terpercaya toto slot hoki gacor 4d situs tototogel 4d https://pesquisa.inpa.gov.br/copes/images/banners/ https://udc.go.ug/toto-togel https://saicnursing.edu.bd/vc/fonts/ https://nxb.ueh.edu.vn/modules/ daftar 10 nama situs bandar toto togel resmi terbesar terpercaya nama 10 situs toto togel resmi terpercaya
bandar toto togel dan situs toto slot agen toto slot hingga toto macau bo toto slot terbesar agen toto macau bet 100 perak bandar slot toto terbesar slot gacor 4d dari toto slot slot gacor 4d dari slot toto bandar toto togel bet 100 perak toto macau deposit tanpa potongan toto togel deposit 10rb agen togel online resmi pasaran macau toto togel 4d di situs toto terpercaya agen toto togel 4d tersedia slot 4d agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik agen toto macau terbaik toto togel deposit 10000 agen toto macau bet 100 slot gacor dengan toto togel resmi bandar toto togel terpercaya bo toto slot pasti slot gacor toto slot anti rungkad deposit cepat toto togel resmi terlengkap togel online terpercaya dan terbesar togel slot 4d dengan toto togel dan toto macau slot gacor 4d dari slot toto anti rungkad toto macau dari toto togel resmi situs toto togel dan toto macau agen toto macau dan toto togel terbaik toto togel terbesar toto togel resmi terpercaya toto togel toto togel toto togel toto togel toto togel toto togel togel toto terbesar togel online resmi terpercaya bo toto macau terbesar situs judi toto togel terbaik toto macau bet 100 perak tanpa potongan slot 4d dari toto togel 4d terpercaya slot gacor hadiah terbesar mudah menang situs toto togel resmi bet 100 bandar judi toto macau terpercaya agen judi toto togel toto togel terbaik toto togel terpercaya toto togel toto togel toto togel ltdtoto https://sierradebaza.org/modules/ bandar togel terpercaya situs toto togel 4d terpercaya toto slot hoki gacor 4d situs tototogel 4d https://pesquisa.inpa.gov.br/copes/images/banners/ https://udc.go.ug/toto-togel https://saicnursing.edu.bd/vc/fonts/ https://nxb.ueh.edu.vn/modules/ daftar 10 nama situs bandar toto togel resmi terbesar terpercaya nama 10 situs toto togel resmi terpercaya
About Us - Fintech Association of Malaysia(FAOM)

Fintech Association of Malaysia(FAOM)

FinTech Association of Malaysia is here to lead the charge in our country.

Fintech Association of Malaysia, is a non-profit association founded in 2016. Our main objectives are to accelerate innovation in the financial sector, connect entrepreneurs and startups in their initial steps and be the catalyst toward better national policies, legislation and regulations in FinTech.

Malaysia’s FinTech
Ecosystem

Following the global movement restraint order and border closures during the pandemic, Malaysia’s overall GDP contracted by 5.6% in 2020. The implementation of the Movement Control Order (MCO) had significantly affected the labour market activity of Malaysia. However, COVID-19 has somehow accelerated the growth of the country’s digital economy.

The digital economy’s contribution to the Malaysian GDP reached 20% in 2020, an increase from 19.1% or RM289 billion in 2019. The country’s increasingly digitalisation of it’s economy has managed to boost the formation of more local FinTech startups and as well as drawing in more investors into the FinTech ecosystem with support from the Malaysian government and regulators.

Mobile Banking & E-Money In 2020, Mobile banking transactions increased as much as 125% from MYR200 billion in 2019 to RM460 billion. The surge in transactions was mainly due to the additional 3 million increase in mobile banking service subscribers in 2020 to 20.2 million as compared to 2019’s 17.2 million. While mobile financial services were rising before the pandemic, the Movement Control Order (MCO) somehow facilitated more Malaysians to adopt a digital platform. 
E-Remittance In 2020, the lower cost of e-remittance services, advent of a more seamless electronic on-boarding process (e-KYC) and combination of a more seamless user experience has brought upon a greater adoption towards e-remittance in Malaysia. The offering of e-remittance services supported the industry’s swift recovery from the impact of the pandemic, registering RM26.5 billion in total outward remittances in 2020, which is a significant increase of 12% from 2019.

Digital Banking

On 31 December 2020, Bank Negara Malaysia (BNM) issued it’s Licensing Framework for Digital Banks and stated that it may issue up to 5 (FIVE) digital banking licenses. The licensing Framework seeks innovative business models to support Malaysia’s underserved and unserved market segments. As of June 31, 2021, BNM has received a total of 29 applications for the digital bank licences under the Financial Services Act 2013 and the Islamic Financial Services Act 2013. The licenses will be granted by 1Q 2022. For more information about the digital banking contenders, you may visit Fintech News Malaysia.

WealthTech & Digital Markets

WealthTech combines wealth and technology to enhance asset and wealth management. Among the popular solutions in this space are robo-advisors, an automated service that utilises machine learning and algorithms to evaluate risk tolerance and manage assets. WealthTech companies digitializes investment management (DIM) processes as well as offer innovative digital tools and transparent fee structures to help consumers better manage their assets. The adoption of digital investments applications by the rakyat of Malaysia has accelerated.

 

Equity Crowdfunding (ECF)

Equity Crowdfunding (ECF) is a rising go-to financing method for many startups and young companies in Malaysia as the funds are raised through small amounts of capital from a huge crowd of individual investors on an online platform. In exchange for the funds, the company may offer different forms of securities to the individuals such as common stock, debt, revenue share, warrants and many more. One main benefit of ECF is that companies have total control of the offering terms to the public instead of complying to demanding terms from VC.

 

Peer-To-Peer Financing (P2P)

Peer-to-peer lending (P2P) is an online loan platform and a popular financing method for startups and young businesses as many lack the requirements to obtain loans from banks for the amount they need to grow their business. P2P is similar to a conventional loan where in exchange of funding, interest payments are needed to be made but no collateral is required. The source of funds for P2P comes from individual investors that are registered on the online platform. There are many benefits to P2P such as easy application, fast loan approval and better interest rates than conventional loans.

Executive Committee Members
2022/2023

Wilson Beh

President

PolicyStreet

Arvin Singh

Commitee Member

Hoolah

Farah Jaafar

Vice President

Fusang

Calvin Foo

Committee Member

Fundaztic

Jonathan Lim

Secretary

Zaid Ibrahim & Co

Mukesh Dhawan

Committee Member

Drivn Fintech

Anil Gill

Treasurer

Silverlake Axis

Naoto Nomura

Committee Member

Aeon Credit Service

Eddy Wong

Committee Member

VSure.life

Lee Chee Seng

Committee Member

Microsoft

Wilson Beh

President Polisea Sdn Bhd

Henry Chong

Commitee Member Fusang Malaysia Sdn Bhd

Wilson Beh

Vice President Polisea Sdn Bhd

Aminnurllah Mustapah

Committee Member AAM Commodities Sdn Bhd

Jonathan Lim

Secretary Zaid Ibrahim & Co

Wong Sue Wan

Committee Member Wong & Partners

Calvin Foo

Treasurer Peoplender Sdn Bhd

Naoto Nomura

Committee Member Aeon Credit Service (M) Sdn Bhd

Matthew Fernandez

Committee Member microLEAP PLT

Teoh Ze Han

Committee Member FWD Technology & Innovation (M) Sdn Bhd

Matthew Fernandez

Committee Member microLEAP PLT

Naoto Nomura

Committee Member Aeon Credit Service (M) Sdn Bhd

Karen S Puah

President

CS Tech Solutions

Jonathan Lim

Secretary

Zaid Ibrahim & Co

Wilson Beh

Vice President

Polisea Sdn Bhd

Calvin Foo

Treasurer

Peoplender Sdn Bhd

Teoh Ze Han

Committee Member

FWD Technology & Innovation (M) Sdn Bhd

Aminnurllah Mustapah

Committee Member

AAM Commodities Sdn Bhd

Henry Chong

Commitee Member

Fusang Malaysia Sdn Bhd

Wong Sue Wan

Committee Member

Wong & Partners

Naoto Nomura

Committee Member

Aeon Credit Service (M) Sdn Bhd

Matthew Fernandez

Committee Member

microLEAP PLT

Financial Regulators

Bank Negara Malaysia (the Central Bank of Malaysia), is a statutory body which started operations on 26 January 1959. Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009.

The Securities Commission Malaysia (SC) was established under the Securities Commission Act 1993 (SCA) and is a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.
Our Partners

Aligned with its mission as a trusted enabler of an inclusive and collaborative financial ecosystem, PayNet has developed the FinTech ePayment Accelerator Programme 2022. The programme is designed to provide incentivised opportunities and to support the implementation of promising digital innovations by FinTech companies. These innovations will be tested and validated in partnership with PayNet’s Participants.

Founded in 1989, The Silverlake Group is a software organisation that delivers high-end quality and state-of-the-art solutions to various global industries including Banking and Finance, Airline, Utility and Retail.

Microsoft Azure, often referred to as Azure, is a cloud computing service operated by Microsoft for application management via Microsoft-managed data centers. It provides software as a service, platform as a service and infrastructure as a service and supports many different programming languages, tools, and frameworks, including both Microsoft-specific and third-party software and systems.

C27

Specialise in enabling digital marketing ecosystems, branded content production and user experience design.

StartFund is an ecosystem operator that aims to streamline the startup ecosystem by making it easier for entrepreneurs to access funding, resources, mentors, and talent. As a neutral third-party, we work with all the different stakeholders to eliminate silos, create efficiencies, and ultimately increase transparency.