FinTech Initiatives

Malaysia is strengthening its position as a major player in the FinTech industry. MDEC has helped launch several initiatives in partnership with various industries.

The Orbit
Established in partnership with some of the major players in the FinTech industry, The Orbit is a co-working space that serves as a nexus point for the local and foreign FinTech players, allowing startups to interact with industry leaders to ease solution development and early market entry.

FinTech Academy
Education is one of the best ways to realise potential FinTech talent. MDEC has collaborated with Institutes of High Learning to deliver lectures and modules on FinTech. We have also partnered with local regulators including Bank Negara Malaysia and Securities Commission Malaysia to conduct regulatory bootcamps on a quarterly basis.

Accelerators
To stimulate Malaysia’s FinTech industry, MDEC has launched Accelerator initiatives to provide FinTech startups with opportunities for local and foreign investments. The initiative also offers startups with the opportunity to collaborate with the local industry.

Financial Innovation Lab
Established in partnership with the United Nations Capital Development Fund (UNCDF) and Bank Negara Malaysia, the Financial Innovation Lab aims to accelerate innovation in digital financial services with new or improved solutions that empower the daily lives of low and moderate-income people.

Fintech Booster
Fintech Booster is a capacity building program by MDEC, in collaboration with Bank Negara Malaysia (BNM) to assist Fintech companies, both local and foreign in developing their products and services via three strategically crafted modules; Legal & Compliance, Business Model, and Technology.