The Fintech Association of Malaysia (FAOM) has elected Wilson Beh as the new president of FAOM for its 2022/2023 term at its recent fifth Annual Grand Meeting (AGM).
Wilson is the Co-founder of Malaysian based insurtech firm PolicyStreet and was the outgoing Vice President of FAOM for the 2021/22 term.
He has been actively involved in growing the association as a founding member since 2016.
Wilson said,
“It’s an honour to receive the torch from our outgoing president, Karen Puah, who has grown the association to greater heights with the past committee.
As one of the early fintech adopters, I’m encouraged to see that the industry has reached a tipping point with a relatively broad fintech adoption, further catalysed by industry milestones such as the release of digital banking licenses and the launch of the BNM Financial Sector Blueprint 2022-2026.”
The AGM agreed to continue to strengthen its five core pillars, namely talent development, investment facilitation, market entry and expansion, technology adoption and regulatory awareness, towards facilitating the growth in digital and fintech adoption in Malaysia.
In addition, FAOM has established industry verticals helmed by respective committee members, anchoring key pillars in the growth of fintech in Malaysia, namely digital banking & Islamic banking, digital assets & blockchain, digital insurance, payments, regtech, alternative financing, technology enablers (AI, big data, cloud).
It is expected that specialised working groups will also be set up to provide a cohesive platform for engagement between industry, development authorities such as Malaysia Digital Economy Corporation (MDEC) and national regulators.
The newly elected president will be joined by a dynamic and experienced executive committee (ExCo) representing the multi facets of the industry namely:
- Farah Jaafar, representative of Fusang as Vice President
- Jonathan Lim, representative of Zaid Ibrahim & Co as Secretary
- Anil Singh, representative of Silverlake Axis as Treasurer;
In addition, the meeting also elected the following committee members to support the ExCo, namely:
- Arvin Singh, representative of Hoolah
- Calvin Foo, representative of Fundaztic
- Eddy Wong, representative of VSure.life
- Lee Chee Seng, representative of Microsoft
- Marc Fong, representative of FWD Insurance
- Mukesh Dhawan, representative of Drivn Fintech
- Naoto Nomura, representative of AEON Credit Service
