TAIPEI, July 4, 2024 /PRNewswire/ — Founded by Taiwan Financial Services Roundtable, Taiwan The first one-stop fintech innovation platform, “FinTechSpace,” led a delegation of nine Taiwanese fintech startups to Malaysia Since From July 1st to 3rd. This historic visit resulted in the signing of a memorandum of cooperation on reciprocal resources with the Fintech Association of Malaysia (FAOM) with visits from key players in the Malaysian fintech ecosystem and co-hosting the “Taiwan Fintech Day” with the Malaysia Digital Economy Corporation (MDEC). These efforts aim to accelerate industry matchmaking and innovation opportunities, connecting with local ecosystem resources and expanding the company’s overseas footprint. Taiwan fintech industry.
Li-Chen Lin, Deputy CEO of FinTechSpace, signed the Fintech MoU with Wilson Beh, Chairman of Fintech Association of Malaysia
Fintech Day in Taiwan
Li-Chen-LinDeputy CEO of FinTechSpace, said: “With the rapid development of the fintech industry in Southeast Asia, especially Malaysiawith its strong government support for the development of the digital economy, is a prime market for Taiwanese fintech teams looking to expand south. FinTechSpace is delighted to sign a Memorandum of Understanding with FAOM. With FAOM’s support, we have established networks with local regulatory authorities and digital banks. We look forward to fostering more cross-domain discussions within the fintech industry and business collaborations between Taiwan And Malaysia” . “
Wilson BehFAOM President also said: “Malaysia is in a period full of opportunities, and the government is also working hard to attract more industrial investment, and the fintech field is particularly important. Through this MoU, cooperation between the two markets Taiwan And Malaysia has been officially launched. FAOM is pleased to serve as a window for Taiwan the fintech industry is coming Malaysia and help you find the next business opportunity.”
Connecting key resources of the Fintech ecosystem through visits
FAOM has played a crucial role in facilitating exchanges within the Malaysian fintech ecosystem, connecting FinTechSpace to two major regulatory authorities such as Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM), as well as international digital banks AEON Bank and GX Bank. In addition, FinTechSpace hosted a visit to MYStartup, the unique local startup platform backed by Malaysia Ministry of Science, Technology and Innovation. These activities provided participants with valuable insights into the latest trends in the Malaysian FinTech market, enabling them to dynamically grasp market developments and explore landing opportunities from different perspectives including industry, government, innovation and financing.
Taiwan Fintech Day Accelerates Business Opportunities Between Taiwan and Malaysia
During this visit, FinTechSpace and MDEC co-hosted the “Taiwan Fintech Day.” Nine mentored teams presented their solutions for the first overseas Taiwan Fintech Day. The featured companies included Insto, which partnered with US Bank to enter the North American market; TOPPAN IDGATE, which recently passed the ISO30107 liveness detection standard; On-Us, selected for this year’s VISA Accelerator Program; other fintech companies include Authme, OneDegree Global, ThinkCloud, GreenHopeBCTW, IHH, and TradingValley. Taiwan The fintech delegation covers the themes of Regtech, Green Finance, Payments, Martech, Insurtech, Cybersecurity and Wealth Management.
The event garnered considerable attention from the local fintech community Malaysiawith the participation of key decision-makers from institutions such as the Taipei Economic and Cultural Office MalaysiaCyberSecurity Malaysia, CIMB Group, OCBC Bank, UOB, Taishin Bank and Cathay Bank. The enthusiastic interactions that followed the event effectively promoted collaboration and development between industries in both regions.
FinTechSpace’s Relentless Efforts to Help Taiwanese Fintech Startups Go Global
FinTechSpace has planned mission visits to Japan And Malaysia This year, he will lead another delegation to attend the Singapore Fintech Festival in November, further helping Taiwanese startups shine in the international market.
About FinTechSpace
Created in 2018, FinTechSpace is Taiwan The first one-stop fintech innovation accelerator. It is guided by the Financial Supervisory Commission (FSC), founded by the Taiwan Financial Services Roundtable (TFSR), and operated by the Institute for Information Industry (III). FinTechSpace is dedicated to building a co-creation environment for fintech development by integrating space facilities, mentoring services, and open APIs to promote a collaborative fintech ecosystem. For more information, please visit FinTechSpace’s website: www.fintechspace.com.tw.
SOURCE FinTechSpace
