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DEVELOPMENT OF FINTECH IN

MALAYSIA
A term from
New offering of
Finance + Technology financial products
= FinTech

FinTech?

New Usage of intensive


processes/business technology (cloud,
models mobile, metadata,
mining)
HISTORY OF FINTECH…
THE STATE OF FINTECH TODAY…
There are more than
5000 Fintech startup
today

Global investment in
fintech in 2016 Q1
reached US $5.3 bil, a
67% annual increase

And fintech companies


could wipe out as much
as 60% of bank profits
WHAT MAKES FINTECH SO SPECIAL?

People are more likely to refer their fintech provider to a friend than
their primary bank, because the former provides better user
experience and faster services.

There are billions around the world without access to traditional


financial services. Fintech innovations could be their chance to be
included in the global digital economy

Participation in the financial system can reduce income inequality,


boost job creation, and directly hep the poor manage risk and
absorb financial shocks.
IMPACT OF FINTECH IN MALAYSIA...

Financial
Consumer
Institutions
SUSTAINABILITY OF FINTECH IN MALAYSIA

Require that each round of Award an independent party,


innovation is anchored by at which has sufficient expertise Measure success by the
least one organisation with in fintech, finance and delivery of commercially
the commercial motivation, sustainable development, the viable solutions.
and the ability, to implement mandate to structure the
the solution at scale innovation process.

In all communications, cut


Seek the support of key through complexity to
enablers, like governments,
regulators and standard- connect problems and
setters solutions and use language
common to all
FUTURE OF FINTECH IN MALAYSIA…
One of the greatest advancements in FinTech right now is the
application of Artificial Intelligence (AI), and the
aforementioned Baker & McKenzie report which foresees
‘robo advisors’ and AI displacing traditional labour-intensive
working models in Malaysia’s future. As AI is still in something
of an infancy in the Malaysian financial sector, for now and in
the coming months, there will be a greater need for FinTech
candidates to implement and then trial the new technology.