Bank Negara Malaysia is holding the second edition of its flagship fintech event – MyFintech Week 2022 (MyFW 2022) in a virtual format from January 22-24, 2022.
With the theme ‘Advancing Digitalisation for Recovery, Sustainability and Inclusion, the event will bring a unique focus on the importance of sustainability and digital technology in reorienting the role of finance to help economies rebuild towards a more inclusive, resilient, and sustainable future, the central bank says. in a media release.
It will also coincide with the launch of the Financial Sector Blueprint 2022-2026, which will chart the priorities of Malaysia’s financial sector in the next five years.
Speaking on behalf of the MyFW 2022 organising committee, Suhaimi Ali, Bank Negara Malaysia’s Director of Financial Development and Innovation says, “Innovation and digitalisation will continue to shape the financial sector landscape and contribute towards a more robust and sustainable economy for Malaysia.
“The fintech industry in Malaysia has accelerated rapidly in recent years, evidently from the 164% increase in the number of fintech companies in 2020 from 20171, as well as the widening array of solutions introduced in the market from e-KYC, e-remittance to digital insurance.
“At the same time, we saw digital payment transactions grow 44% to 4.5 billion in Jan-Aug 2021 period compared to the same period in 2019 before the pandemic. In addition, QR registration by businesses has increased from 333,952 pre-pandemic to more than 1 million as of the first half of 2021, driven by strong online and contactless payment demand during the pandemic. Given these developments, it’s a great time to discuss the emerging trends and strategies for the next level of growth and development,” says Suhaimi.
Registration for MyFW2022 is now open with early bird registration fees starting from RM80 each for a Group Pass of 3 to 10 delegates to RM100 each for Single-Pass for individuals. The early bird fees are available until 30 November 2021. Register now at www.myfintechweek.my. Apply for the Sustainable Development Goals Accelerator Programmes at http://www.kpmg.com.my/MFW2022sustainabilitychallenge
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