Securities Commission Malaysia’s annual fintech conference returns for the sixth year

The Securities Commission Malaysia (SC) is hosting the sixth edition of its SCxSC Fintech Conference to scale up the local fintech industry, which has recently seen the entrance of new players following the regulator’s move to broaden the opportunities for under-served segments such as micro, small and medium enterprises (MSMEs) and new generation of investors to raise capital or achieve their financial goals.

Since 2014, the SCxSC has served as a platform for policy makers, innovators, investors and financial services providers to converge and advance greater innovation in finance through the use of technology. The local fintech industry is now home to alternative market-based financing platforms such as Equity Crowdfunding (ECF) and Peer-to-Peer financing (P2P) as well as a diverse range of fintech players including digital investment managers, digital asset exchanges and property crowdfunding operator. There are currently 21 ECF and P2P platforms registered with the SC, which have collectively raised RM587 million for more than 1600 MSMEs.

“We are pleased to note that these platforms continue to serve a number of MSME sectors including high tech, education, retail, F&B and consumer product; and have attracted many new investors especially young investors aged 35 and below,” said Datuk Syed Zaid Albar, Chairman of the SC.