FINTECH AND THE EFFECTS

TO MALAYSIAN MARKET
ROZAWATI BINTI IDRIS
ZP02726
ZCMC6142 - FINANCIAL MARKETS AND INSTITUTIONS
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WHAT IS FINTECH?
Coined from the word Finance Technology
Oxford: computer programs and other technology
used to support or enable banking and financial
services
Investopedia: emerging financial services sector in
the 21st century
Wikipedia: an economic industry composed of
companies that use technology to make financial
services more efficient.
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 FINTECH IN MALAYSIA
Still early, infancy stage (M: $6,256M, Global: $769.3B)
Digital Payments the biggest chunk.

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 FINTECH IN MALAYSIA
The earliest fintech: digital payments
(MOLPay, iPay88, ePay)
Digital payments, biggest value in
transactions in year 2016
Recent Fintech: Crowdfunding (Crowdo, Ata
Plus, Eureeca), Financial Solution Provider
(iMoney, MoneyMatch, CurrenSeek),
Wealth Management Advisor (360DIY)

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 EFFECTS OF FINTECH
Change of customers demand for
online and mobile banking no more
physical bank branches
Threatens profits of traditional banks
Shaping the new market between
traditional banks and fintech companies

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 CHALLENGES OF FINTECH
privacy and security concerns, regulatory
compliance and standards to follow
SC - regulatory framework for peer-to-peer
(P2P) financing is ready
Regulatory Sandbox, Fintech Enabler Group
(FTEG) by BNM regulatory framework
ready by fourth quarter of 2016

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THANK YOU