Australian Financial Technology on Show in Malaysia

17th April 2016, Dynamic Report

Australia’s growing financial technology (fintech) capabilities were highlighted during a major industry conference in Kuala Lumpur earlier this year.

Malaysia: The Rise of Fintech Innovation and Disruption – a two-day event organised by the Australian Trade and Investment Commission (Austrade) in collaboration with the NSW Government – outlined how Australia’s fintech capability aligns with Malaysia’s financial services sector ambitions.

Discussions centred on how fintech collaborations can be forged between the two nations.

Malaysia is one of the most tech savvy countries in South East Asia and has one of the largest e-commerce markets by value. Last year, it was the first Asia Pacific country to legislate a legal framework for equity crowdsourcing.

Australia is home to more than a hundred leading fintech companies, many serving global markets. Customers come from across the finance sector, including banking, insurance, market technologies, payments, and wealth management.

The growth of the fintech industry in Australia has been driven by the size and strength of the country’s financial services market, which include a mature and innovative banking sector, sophisticated and diverse investment vehicles, and an insurance industry supported by world-leading technology.

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