Malaysian fintech firms to form association

The FinTech Association of Malaysia (FAOM) protem president GHL director David Fong (2nd left) explaining the association's plans as the voice of Malaysia's FinTech industry. With him were the other founding members GoBear Country Director Iskandar Ezzahuddin, Jirnexu CEO Siew Yuen Tuck, and GetCover CEO Paul Khoo.

KUALA LUMPUR: Malaysian financial technology (fintech) firms are setting up their own umbrella body as a platform for these emerging companies to work with industry regulators and expand their business.

The FinTech Association of Malaysia (FAOM) protem president, David Fong, said by having a unified voice, they could engage regulators to have “orderly disruption instead of chaos”.