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MDEC Fintech Conference - The Financial Regulations and Policies Every (Malaysian) Fintech Geek should be aware of

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Check out the video of this presentation and the rest at www.itrain.com.my/fintech-bootcamp

Interested to get a fintech idea started but don't know how to start? Then join the FREE MDEC Fintech Masterclass on October 3-4. To enter just tell us about your Fintech idea!

Apply here: bit.ly/fintech-master
More information about the complete Fintech Bootcamp: www.itrain.com.my/fintech-bootcamp/

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MDEC Fintech Conference - The Financial Regulations and Policies Every (Malaysian) Fintech Geek should be aware of

  1. 1. Financial Regulations and Policies every Fintech Geek should be aware of LIM JO YAN 5 September 2016Partner, Head of Corporate and Commercial Practice Group
  2. 2. Who are the relevant Regulators? 2 • Central Bank of Malaysia • Securities Commission • Competition Commission • Personal Data Protection Commission • Ministry of Urban Wellbeing, Housing and Local Government • Communications and Multimedia Commission
  3. 3. Market Segments 3 • Data and Analytics - Customer facing purposes - customer segmentisation, product targeting, pricing optimisation - Risk management - credit risk, fraud
  4. 4. Market Segments 4 • Data and Analytics - Legal Issues - Personal Data Privacy - Intellectual Property - Competition/anti-trust
  5. 5. Market Segments 5 • Artificial Intelligence - Automated advice - Automated decision making - Automated product recommendation
  6. 6. Market Segments 6 • Artificial Intelligence - Legal Issues - Licensing - Personal Data Protection - Negligence
  7. 7. Market Segments 7 • Payments - P2P fund transfer - P2P currency transfer
  8. 8. Market Segments 8 • Payments - Legal Issues - Licensing - Foreign Exchange Control - Anti-Money Laundering - Anti-bribery - Know your client - E-commerce transactions / digital signatures
  9. 9. Market Segments 9 • Digital Currencies - Virtual currencies
  10. 10. Market Segments 10 • Digital Currencies - Legal Issues - Legality - Regulation of the technology - AML - KYC
  11. 11. Market Segments 11 • Crowdfunding - Equity Crowdfunding - P2P Lending
  12. 12. Market Segments 12 • Crowdfunding - Legal Issues - Licensing - Companies Act - Moneylending - Trustee - Nominee arrangements - AML & KYC
  13. 13. Development 13 • BNM Regulatory Sandbox • Point for consideration: - BNM and SC are the drivers of fintech in Malaysia - Know who is the relevant regulator
  14. 14. Conclusion 14 • More often than not, fintech businesses are regulated • Engage in discussions with the regulators • Seek professional advice
  15. 15. Thank you! Lim Jo Yan T 6 03 7887 2702 E joyan.lim@mahwengkwai.com www.mahwengkwai.com

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