Month: December 2020

Securities Commission Malaysia P2P Financing

SC introduces a regulatory framework to facilitate peer-to-peer financing The Securities Commission Malaysia (SC) today announced the regulatory framework for peer-to-peer financing (P2P), setting out requirements for the registration of a P2P platform as provided in the amended Guidelines on Recognized Markets. The introduction of the new Chapter 13 in the Guidelines provides for the …

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Fintech Regulatory Sandbox Framework

Bank Negara, Malaysia’s central bank and banking/insurance regulator issued the finalized FinTech Regulatory Sandbox Framework [FRSF] following its earlier Discussion Paper.  It comes into effect on 18th October 2016 as announced by BNM Governor Datuk Muhammad Ibrahim in his keynote address at the Sixth Malaysian Insurance Summit. To recap, the FRSF is meant for BNM to …

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Bank Negara Malaysia Sandbox: Is it for you?

Bank Negara Malaysia (“BNM”) in October 2016 issued the FinTech Regulatory Sandbox Framework (“FRSF”) in response to the rapid development in financial technology innovations. This has sparked interest among stakeholders, particularly standalone Fintech companies, existing licensed financial institutions, consumers as well as technology providers to be involved in this key and exciting development. As a …

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Digital Transformation is the way to survive

We applaud initiatives and programs introduced by the Government’s Penjana SME Financing Scheme in ensuring that the most vulnerable amongst the Rakyat are being taken care of to ease their difficulties during this troubling period. FAOM represents the Financial Technology (Fintech) companies in Malaysia and many of us are innovative start-ups and SMEs that focus …

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