Fuyoo, crazy proud to be a native!
Malaysia is ranked #20 best financial technology (fintech) hub in Asia, ranking 15th in Asia and 67th in the world.
In a report titled ‘2022 Asia Pacific Fintech Rankings: Bridging Divides’ released by research firm and analyst Findexable stated local companies easily ‘escape the world drama’ yet most fintech firms remain relevant.
The report tracks fintech start-up companies in 16 countries across Asia including south, east and west Asia and Australia.
The report also stated that internet access is almost the same in developing states in the region as in the richest states and Malaysians for example are more likely to be online like Singapore's richer neighbor.
He added that this creates potential for more than just a new generation of business winners.
At the macro-economic level, the combination of smartphone use and internet access provides a golden opportunity for fintech firms in Thailand, Indonesia, Vietnam and Malaysia to make a difference by enabling economic growth and reducing financial exclusions that connect non-banking smartphone users to financial services. digital for the first time.
According to the report, Malaysia and Singapore have regulations that allow digital banks to extend some services to pilot customer groups without passing regulatory tests.
Meanwhile, Findexable co -founder and chief executive officer Simon Hardie said the 2022 ranking of Asia -Pacific fintech hubs was a testament to the region's diversity, ingenuity and commitment to innovation development.
