Bank Negara Malaysia’s FTEG calls participants for ‘Fintech Hacks’ initiative

The Financial Technology Enabler Group (FTEG) that was established by Bank Negara Malaysia in June 2016, has launched an initiative ‘Fintech Hacks’ that identifies pain points in the delivery as well as consumption of financial services.

The Malaysian central bank has sought ideas from the public regarding the improvements to financial services sector by adopting innovation and technology.

The call for participation for Fintech Hacks is a part of the effort by Bank Negara Malaysia. It intends to involve the public in contributing their ideas in order to urge and inspire the development of fintech solutions that have the potential to revolutionalize the way financial services are delivered to consumers in Malaysia.

The Fintech Hacks call for participation will be open until May 31, 2017, and submissions can be made through FTEG’s website.

Established in 2016, the FTEG is chaired by its director Aznan Abdul Aziz. FTEG formulates and enhances regulatory policies in order to facilitate the adoption of fintech innovation in the Malaysian financial services sector.