“Alliance of FinTech Community” (aFINity), is an initiative facilitated by the Securities Commission Malaysia (SC) launched in September 2015 to catalyse greater interest and visibility towards nurturing development of financial technology (FinTech).
  • aFINity Objectives

    aFINity is a network of both public and private sector stakeholders which includes innovative FinTech entrepreneurs, investors and corporate institutions with an interest in developing the FinTech sector for Malaysia to:

    Create awareness and catalyse development in FinTech
    Form hubs to organise and nurture a wider FinTech ecosystem
    Provide policy and regulatory clarity conducive for innovation
    • Enjoy first hand updates regarding FinTech related regulatory developments from the SC
    • Explore and discuss new innovations and prospective FinTech solutions with the SC through innovation labs
    • Participate in interactive focus groups at the policy formulation stage in line with the area of interest
    • Obtain clarity regarding any FinTech regulatory matters
    • Attend frequently held aFINity talks and educational programmes regarding specific areas on FinTech
    We conduct engagement sessions to assist potential applicants in meeting the requirements prior to their license application.
    EMAIL your queries to [email protected]
    SC will ASSESS your request against our criteria and response
    SC RESPONSE
    1. We require more time to assess your criteria
    2. We may schedule an engagement to understand your business
    Once you considered our assistance and guidelines, you will need to comply with any laws that apply to you prior to license application process. 
    In preparation for your engagement session with the SC, below are the documents and information required for your assessment:
    • Detailed Business Proposal which demonstrates the operation of the business.
    • Detailed value proposition to Malaysian Capital Market where your business model must be able to offer an innovative solution to the development of the capital market.
    • Regulatory research of relevant guidelines and laws 
    Technology Labs
    Typically from specific industry need or use case and can be employed to develop a proof of concept solution. These labs were held in partnership with technology provider, with participation from industry players. In November 2018, the SC unveiled Project Castor – a pilot project to explore the usage of Distribution Ledger Technology (DLT) in the regulated capital market space.
  • Project Castor
    Project Castor is the SC’s pilot project to explore the usage of Distributed Ledger Technology (DLT) in the regulated capital market space. The project aims to help the SC to demonstrate the technical implementation feasibility of DLT at this juncture to serve as the underlying market infrastructure for unlisted & Over-the-Counter markets.

    At the end of the project, the SC unveiled details of Project Castor with the accompanying industry blueprint entitled “Capital Market Architecture Blueprint in a Decentralised World”, which explored the technical implementation and feasibility of using DLT as the underlying market infrastructure for unlisted OTC markets.
  • Industry Participants
    Our Membership Demographic
    We currently have 233 aFINity members from a wide range of backgrounds:
    Our Engagement Profile
    We categorise our engagements according to our current initiatives:

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HOTLINE: +603-6204 8000
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