Malaysia's fintech industry poised for growth - News Summed Up

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Malaysia's fintech industry poised for growth

KUALA LUMPUR: Malaysia’s financial technology (fintech) industry has a big potential to expand further, particularly in banking, innovation and high-technology areas. South Korea FinTech Centre Chairman Jung Yoo Shin said Malaysia’s attractive entrepreneurial space and strategic location allowed it to be a gateway to ASEAN markets which provided huge opportunities for the local fintech industry. He said Malaysia’s open minded authorities made the country a friendly and suitable place to expand business. Earlier, the South Korea FinTech Center signed a memorandum of understanding (MoU) with the Fintech Association of Malaysia (FAOM) to build a fintech ecosystem. FAOM President David Fong said the the MoU would facilitate information collaboration on each other’s fintech industry development and cross border exchanges.

Source: New Strait Times December 07, 2017 08:15 UTC