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

In all communications, cut

Seek the support of key
enablers, like governments,
regulators and standard-
setters
through complexity to
connect problems and
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.