MoneyMatch is a multinational FinTech startup based in Malaysia that provides international payment processing and blockchain technologies. It has processed over 2.5 billion MYR in transactions. The company offers cross-border remittances and payments through a mobile app and utilizes emerging technologies like AI, machine learning, and digital transfers. While regulatory compliance and cybersecurity pose risks, the increased demand for digital financial services during the Covid-19 pandemic has helped MoneyMatch expand its customer base and increase profits.

1. FinTech Startup
MoneyMatch Malaysia

2. Overview of the FinTech Startup
 MoneyMatch is a multinational
financial technology firm present in
Malaysia.
 It is involved in international
payments processes and
showcases award winning
platforms.
 Company provides facilities related
treasury operations and blockchain
technologies.
 More than 2.5 billion MYR in
transactions.
 Regulated by Bank Negara
Malaysia and helps to strengthen
the Financial Technology Regulatory
Sandbox.
 Regulations were carried out by
AUSTRAC in the form of a
Remittance Network Provider.
 Its registration number is about
100585019-001.
 Aiming to expand the business in
the global market along with
expanding the operations

3. Research Findings of this
Company
 Core offerings provided by the company
MoneyMatch includes the payment
services in the form of a mobile
application.
 Execution of eKYC processes is initially
required to be carried out by the
customers.
 Cross-border remittances and
transactions are provided to the
customers .
 Focuses on processing the transaction
processes and providing superior
exchange rates (Akmar, 2020).
 Emerging technologies that the company
is relying on are evident to be integrating
artificial intelligence, machine learning,
and digital transferring .
 Commercial existing technologies help to
focus on executing commercial banking
(Leong, 2018).
 Integration of digital technologies helps to
strengthen the execution of the banking
system.
 Maintenance of the safety related to
online transactions is evident (Sharipov,
2022).

4. Research Findings of this Company
(Contd.)
 Implementation of emerging
technologies such as artificial
intelligence and machine learning is
made to remove transaction issues.
 Transactions issues are removed
with the help of providing a tech-
friendly platform.
 Validation of investment is
determined by the help of creating a
convincing environment.
 Emerging technologies are
providing support to MoneyMatch’s
IT professionals to remove the
platform issues.
 Target market of the company is the
Malaysian market .
 Worldwide consumers are evident to
be targeted.
 MoneyMatch is also seeking the
attention of financial organizations
and banking institutions
(Macchiavello & Siri, 2022).

5. Research Findings of this Company
(Contd.)
 Unforeseen market create impact on the organization to
not see the insights of the potential impact on the
business.
 Customer support teams are playing the main role to
enhance the experiences of the customers.
 Regulatory requirements can change from time to time.
 Data theft and cyber-attack can be said as one of the most
significant risks for the fintech (Tajul Urus & Mohamed,
2021).
 Increased demand for digital services had helped the
organization to enhance its overall profits and customer
base.
 Digital financial services had been prioritized by most of
the population due to the emergence of the Covid-19
pandemic.
 Demand for Digital payment services increased
significantly.
 Economic uncertainty issues had emerged as a major

6. Investment Recommendation of this
Company
 Investment should be made in the company due to
the broader payment and remittance business.
 Expansion in the customer base is evident which will
be creating a profitable environment.
 Organization is regulated by Central Bank of Malaysia
along with committing to maintain the potential
customer requirements.
 Continuous improvement approach has been
prioritized by the organization.
 Covid-19 pandemic had created massive challenges
for the organization.
 Entity had been able to improve its customer base
due to the higher demand for digital solutions
(Popova, 2021).

7. References
 Moneymatch. (2023). MoneyMatch. transfer.moneymatch.co. Retrieved May 27, 2023,
from https://transfer.moneymatch.co/about-us
 Krasnyuk, M., Tkalenko, A., & Krasniuk, S. (2021). DEVELOPMENT OF THE
FINTECH INDUSTRY AND FINTECH TECHNOLOGIES UNDER COVID-19. ГРААЛЬ
НАУКИ, 4, 68–70. https://doi.org/10.36074/grail-of-science.07.05.2021.009
 Popova, Y. (2021). Economic Basis of Digital Banking Services Produced by FinTech
Company in Smart City. Journal of Tourism and Services, 12(23), 86–104.
https://doi.org/10.29036/jots.v12i23.275
 Sharipov, T. (2022). Fintech as an important factor in the digital transformation of
commercial banks. Economics and Innovative Technologies, 10(3).
https://doi.org/10.55439/eit/vol10_iss3/a3
 Macchiavello, E., & Siri, M. (2022). Sustainable Finance and Fintech: Can Technology
Contribute to Achieving Environmental Goals? A Preliminary Assessment of ‘Green
Fintech’ and ‘Sustainable Digital Finance.’ European Company and Financial Law
Review, 19(1), 128–174. https://doi.org/10.1515/ecfr-2022-0005
 Tajul Urus, S., & Mohamed, I. S. (2021). A Flourishing Fintech Ecosystem:
Conceptualization and Governing Issues in Malaysia. Business and Economic
Research, 11(3), 106. https://doi.org/10.5296/ber.v11i3.18729
 Leong, K. (2018). FinTech (Financial Technology): What is It and How to Use
Technologies to Create Business Value in Fintech Way? International Journal of
Innovation, Management and Technology, 74–78.
https://doi.org/10.18178/ijimt.2018.9.2.791
 Akmar, A. (2020). Is Islamic Banking in Malaysia Lagging Behind in Fintech? The
International Journal of Business & Management, 8(6).