faom
About
The Fintech Association of Malaysia (FAOM) is a national industry association committed to advancing Malaysia’s fintech ecosystem and strengthening the country’s position as a regional hub for financial innovation. FAOM brings together industry stakeholders to foster collaboration, support responsible innovation, promote market development, and drive the adoption of digital financial solutions.
Problem Statements
Strengthening Malaysia’s Fintech Ecosystem Through Collaboration
How might we strengthen collaboration across Malaysia’s fintech ecosystem to accelerate responsible innovation, improve access to funding and market opportunities, and enable wider adoption of digital financial solutions?
From Innovation to Market Adoption
Many promising fintech solutions struggle to move beyond the pilot stage due to limited access to enterprise partners, real-world use cases, industry expertise, and pathways to market adoption. This creates a gap between fintech innovation and its ability to deliver scalable, real-world impact across Malaysia’s financial ecosystem.
Awards
Pilot
10,000
Winner will receive MYR 10,000
Challenge Timeline
Publish the FAOM challenge and invite innovators to participate. Register, understand the challenge and submit their solutions.
FAOM reviews and evaluates submissions based on relevance, impact, feasibility and innovation. Shortlisted solutions are selected for further engagement. Selected innovators pitch their solutions and discuss.
Promising solutions move into pilot discussions, testing or potential collaboration.
Final outcomes are reviewed and opportunities for adoption, partnership or scaling are identified. Progression will be subject to solution readiness, stakeholder interest, technical feasibility, agreed scope, commercial arrangements and implementation capacity.
Publish the FAOM challenge and invite innovators to participate. Register, understand the challenge and submit their solutions.
FAOM reviews and evaluates submissions based on relevance, impact, feasibility and innovation. Shortlisted solutions are selected for further engagement. Selected innovators pitch their solutions and discuss.
Promising solutions move into pilot discussions, testing or potential collaboration.
Final outcomes are reviewed and opportunities for adoption, partnership or scaling are identified. Progression will be subject to solution readiness, stakeholder interest, technical feasibility, agreed scope, commercial arrangements and implementation capacity.
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