“Malaysia’s Regulatory Framework: A Catalyst for FinTech Adoption” by Prof. Dr. Nafis Alam
APU's Head of School of Accounting and Finance - Prof. Dr. Nafis Alam's thought leadership has received recognition through being featured on the official website of the ISEAS – Yusof Ishak Institute, a Singapore-based research institution that is dedicated to the study of socio-political, security, economic trends and developments in Southeast Asia. Research scholars and academicians around the world regularly access the website for reference and research on current topics.
His article entitled “Malaysia’s Regulatory Framework: A Catalyst for FinTech Adoption”, highlights how the Covid-19 pandemic has accelerated FinTech adoption in Malaysia; how the Financial Technology Enabler Group (FTEG) and Malaysia Digital Economy Corporation (MDEC) FinTech Booster Programme acted as catalysts for FinTech growth; and how the FinTech Booster programme is further driving the digitalisation of SMEs.
His article entitled “Malaysia’s Regulatory Framework: A Catalyst for FinTech Adoption”, highlights how the Covid-19 pandemic has accelerated FinTech adoption in Malaysia; how the Financial Technology Enabler Group (FTEG) and Malaysia Digital Economy Corporation (MDEC) FinTech Booster Programme acted as catalysts for FinTech growth; and how the FinTech Booster programme is further driving the digitalisation of SMEs.
The article also talks about the Digital Banking Framework by Bank Negara Malaysia, which signals an increased focus on democratising access to finance for the unserved and underserved markets; the Securities Commission (SC) recognition of alternative finance platforms to operationalise secondary trading. All of this is expected to further accelerate FinTech adoption in the country, mainly amongst the SMEs.
Well Done, Prof. Nafis!