High hopes pinned on fintech in Malaysia

With six operators so far in the crowdfunding area, Malaysia is now looking to accelerate growth.
The Malaysian securities watchdog has high hopes that a new generation of fintech companies can turn the country into a regional Silicon Valley.
 
The push into fintech -- short for “financial technology” -- tallies with Malaysia's growing need to lessen its reliance on commodity export earnings, which have floundered as commodity prices have sunk, sending the ringgit to its weakest level against the US dollar since the Asian crisis of 1998.
 
“The objective is very clear. We want to create new growth for the Malaysian financial and capital markets, bringing...
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