The Fintech Association of Malaysia (FAOM) had recently held its Annual General Meeting and Wilson Beh has been reelected as the President while a new committee was ushered in for the 2023/2025 term.
The association reported a growth of 40 new members via its extensive outreach programmes with more than 40 engagements over the year.
It is worth noting that the meeting also passed a resolution to bring under its umbrella the Malaysian Youth Fintech Association, which will now be recognised as the official youth vertical under FAOM.
The members had also voted to extend the tenure of Exco and Committee members to 2 years per term, from the previous one-year term, to cement and facilitate continuity in initiatives and outreach.
In 2022, FAOM became the Co-founding member of ONE ASEAN Fintech, a regional level alliance for fintech associations with reciprocal benefits for its members.
Moving forward, some of FAOM’s key initiatives will include launching a Certified Fintech Profession qualification with the Asian Banking School as well as enhancing engagements with other non-finance related digital entities such as MDEC and MOSTI among others.
“I am honoured to be able to serve as President once again, with the support of a strong Exco and dynamic Committee line up.
With the fresh mandate and the 2 resolutions passed by members at the AGM, the association will further expand our membership base, work hand in hand with the regulators and all relevant stakeholders to shape the future of the Malaysian Fintech industry,”
said Wilson Beh.
