- Aims to aid NTIS and GAP programmes
- To collaborate on initiatives to catalyse growth for that fintech space
KPMG Malaysia and Fintech Association of Malaysia (FAOM) entered a memorandum of knowing (MoU) with the aim to catalyse the development of Malaysia’s financial technology (fintech) field and the digital players in the financial services room.
In the statement, the advisory firm said by means of this collaboration, KPMG and FAOM can support each parties’ programmes and endeavours that aim to gather players in the fintech ecosystem.
It said this will include connecting subject matter experts, arranging corporate innovation activities and industry roundtable sessions, and helping programmes related to the particular National Technology plus Innovation Sandbox, spearheaded by the ministry associated with science, technology plus innovation and also MaGIC’s Global Accelerator Programme.
Wilson Beh, FOAM’s leader said the association aims, among others, to be the voice of Malaysia’s fintech community and to engage with industry gamers to foster a proper ecosystem for the scene to thrive.
“By tapping into KPMG’s multi-disciplinary expertise, furthered simply by knowledge sharing, we hope to pave the way for greater improvement in the fintech room, ” he said.
FAOM said it is trusted to be the national platform and a key enabler to accelerate advancement in the financial sector, connecting entrepreneurs and startups in their preliminary steps to be the driver toward effective nationwide policies and rules in fintech.
Speaking in the signing ceremony, Johan Idris, managing partner at KPMG Malaysia, said KPMG’s dedication to contribute to Malaysia’s potential to develop into the leading digital economic climate hub in the Asean region.
“We want to do our part in broadening Malaysia’s fintech impact in the region. As an expert services firm with the established global system and deep knowledge across the financial services field, KPMG is well positioned to support the introduction of fintech and entrepreneurs in Malaysia.
“We anticipate working with FAOM to develop players in this world to grow into global giants, ” mentioned Idris.
KPMG said its collaboration with POLYURETHANE FOAM aligns to the Malaysia government’s ongoing efforts to establish the country as being a successful digital nation.