KPMG Partners With FAOM to Catalyse the Growth of the Malaysian Fintech SectorAugust 15, 2022 0 comments
KPMG in Malaysia and Fintech Association of Malaysia (FAOM) signed a Memorandum of Understanding (MoU) with the aim to catalyse the growth of Malaysia’s fintech sector and the digital players in the space.
Through this collaboration, KPMG and FAOM will support each parties’ programmes and initiatives that aim to bring together players in the fintech ecosystem.
This will include connecting subject matter experts, organising corporate innovation activities and industry roundtable sessions, and supporting programs related to the National Technology & Innovation Sandbox which is spearheaded by the Ministry of Science, Technology and Innovation (MOSTI) and also MaGIC’s Global Accelerator Program (GAP), among others.
Wilson Beh, President of FAOM said,
“FAOM aims, among others, to be the voice of Malaysia’s fintech community and to engage with industry players to foster a healthy ecosystem for the scene to thrive.
By tapping into KPMG’s multi-disciplinary expertise, furthered by knowledge sharing, we hope to pave the way for greater progress in the fintech space.”
Datuk Johan Idris, Managing Partner of KPMG Malaysia said,
“We want to do our part in broadening Malaysia’s fintech footprint in the region. As a professional services firm with an established global network and deep expertise across the financial services sector, KPMG is well positioned to support the development of fintech and entrepreneurs in Malaysia.
We look forward to working with FAOM to develop players in this sphere to grow into global giants,”
said Datuk Johan.
There have been significant strides made in the development of fintech this year, including Malaysia Digital (MD) – the recently launched government’s initiative to enhance the country’s digital capabilities, Bank Negara’s Financial Sector Blueprint 2022 – 2026 and the issuance of digital banking licenses.