Malaysia’s central bank seeks fintech start-ups
Bank Negara Malaysia (BNM), the nation’s central bank, is calling out to fintech start-ups for ideas to improve the financial services sector.
The bank’s Financial Technology Enabler Group (FTEG) is now open to concepts through its “Fintech Hacks” initiative which aims to “identify pain points in the delivery and consumption of financial services, and solicit ideas using the application of technology to address the gaps”.
The call for participation will be open until 31 May 2017 and submissions can be made through FTEG’s website, Facebook, Instagram and Twitter via #fintechhacks.
Established by BNM in June 2016, FTEG is a cross-functional committee responsible for making regulatory policies to help innovation. It is chaired by Encik Aznan Abdul Aziz, director of the financial sector development department, and serves as BNM’s contact point for fintech related queries.