KUALA LUMPUR: The government remains committed to strengthening the local financial technology (fintech) ecosystem.
Second Finance Minister Datuk Seri Johari Abdul Ghani said the government also assured that it would provide a clear and transparent economic environment and leadership to the corporate world to ensure that there will be no interruption to the digital business.
"The digital economy is now a significant contributor to the country, contributing 17.8 per cent to the country's gross domestic product (GDP) in 2016 and is on track to achieve a target of 20 per cent by 2020.
"It is our hope that continuous development in the industry will enhance the involvement of the financial industry and complement the various initiatives to increase people's income through their involvement in the digital economy," he said.
He was speaking at the Malaysia FinTech Awards 2018 at the Kuala Lumpur Convention Center, here Tuesday night.
Also present were Persatuan Usahawan Dinamik (PUD) president Datuk Rosthman Ibrahim and The New Straits Times Press (Malaysia) Bhd chief commercial officer Alfian Abu Talib.
The award ceremony, organised by PUD, was the highlight of the two-day 2018 Fintech Malaysia Expo which ended yesterday.
Berita Harian and the New Straits Times (NST) are media partners of the expo.
The expo was to provide exposure and opportunities to those interested in the emerging sector.
A total of 13 categories of awards were contested at the inauguration ceremony which include applications, companies and individuals.
The award for Fintech Personality of the Year was won by Hong Leong Bank Bhd chief executive officer (CEO) Domenic Fuda, while the award for Prominent Personality of the Year was won by Pitch Platforms Sdn Bhd CEO Sam Shafie.
The award for Prominent Banking Apps of the Year was won by Malayan Banking Bhd, Fintech Start-up of the Year by Money Match, Fintech Marketing Campaign of the Year by Maybank and Prominent Enterprise of the Year by Sedania As-Salam Capital Sdn Bhd.