Canada    FinTech Guide    Chapter 14    Malaysia

14. RegTech
Malaysia  Malaysia

The regulators have exhibited willingness to develop advance analytics to aid and complement compliance work. However according to the report Catching the FinTech Wave published by PWC Malaysia, it would seem that the financial institutions in Malaysia are less likely to invest in technologies that can improve compliance functions as compared to other segments.

Legal Affairs

No data available.

Economic Conditions

According to Bain & Company, the governance, risk and compliance costs incurred by major banks globally in 2016 accounted for approximately 15% to 20% of the total operating cost. Unfortunately there is insufficient data to indicate who the market leaders are.

Contributing Authors

Lee Hishammuddin Allen & Gledhill

Adlin Abdul Majid
Kuala Lumpur, Malaysia

Andrew Ean Vooi Chiew
Kuala Lumpur, Malaysia

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Chapter Index:

1. Payment Services / Mobile Payment

2. Asset and Portfolio Management

3. Consulting and Broking Services / Robo-advisory / Auto-trading

4. Trading Platforms / Social Trading Platforms / Signal Following

5. Crowdfunding / Crowdinvesting / Crowdlending

6. Virtual Currency - Bitcoin

7. Loan Services / Factoring / Loan Broking / Finetrading

8. Online Banking Services

9. Analytics and Research / Data Management / Risk Management

10. Accounting

11. Identification

12. Online-pawning

13. InsurTech

14. RegTech

15. Initial Coin Offerings (ICOs)

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Publication Date: 1 May 2018