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Malaysia’s Financial Sector Blueprint Rollout Set for Jan-end

Malaysia’s Financial Sector Blueprint 2022-2026 will be launched on the first day of MyFintech Week 2022 (MyFW 2022). According to the 2021 Malaysia Digital Economy Blueprint, the global economy, Malaysia included, continues to endure the severe challenges of the COVID-19 pandemic. This event has affected Malaysians of every ethnicity and social strata as well as workers in both the public and private sectors. Whole industries faced upheavals, and many day-to-day interactions are now conducted virtually.

In 2020 alone, growth within the digital economy has understandably accelerated as the COVID-19 pandemic gave birth to new digital businesses, forced traditional brick-and-mortar enterprises to pivot online, and saw millions of Malaysians go virtual for their eCommerce, entertainment, and even education needs. The delivery of quality education now is dependent on a student’s home broadband connectivity, or access to laptops or computers.

To ensure that no Malaysian is left behind to catch the wave of digitalisation, the time has come for the nation to lay the foundations for the country’s transformation towards an advanced digital economy. This foundation means building the infrastructure, facilitating innovation and creating an ecosystem for all of us to contribute to bringing forth higher standards of living, the fruits of which will be enjoyed by all Malaysians.

MyDIGITAL outlines the plans to accelerate Malaysia’s progress as a technologically-advanced economy, through the Malaysia Digital Economy Blueprint. This will chart the path to strategically position the nation as a competitive force in this new era. MyDIGITAL is a critical enabler in realising the Twelfth Malaysia Plan, 2021-2025 (RMKe-12), as the country work towards Wawasan Kemakmuran Bersama 2030. In facing this digital economy transformation, it is collaboration is imperative as taking the necessary steps to adapt and collaborate for the next normal.

With MyDIGITAL, Malaysia will be able to successfully transform into a digitally-driven, high-income nation and a regional leader in the digital economy. MyDIGITAL aspires to enable the rakyat to embrace digitalisation to improve their quality of life and standard of living. The Malaysia Digital Economy Blueprint’s vision is to be a regional leader in the digital economy and achieve inclusive, responsible and sustainable socio-economic development.

The Malaysia Digital Economy Blueprint embeds a delivery-driven governance framework and a whole-of-nation approach involving partnerships between the rakyat (people), business (private sector) and the government (public sector). In November 2020, Malaysia has set up the National Digital Economy and 4IR Council chaired by the Prime Minister to accelerate local capabilities in embracing digitalisation.

MyFW 2022, to be held from 24 January to 28 January 2022, is expected to cover a wide range of pressing issues facing the future of the financial industry. Themed “Advancing Digitalisation for Recovery, Sustainability, Inclusion”, the conference is anchored on seven priorities: Sustainability, Resiliency, New Realities for Finance, Economy, Financial Health and Inclusion, Start-ups and Regulations.

Experts from around the world will be sharing their perspectives at MyFW 2022. Their insights can inform and inspire action on critical issues that the financial sector needs to tackle. The financial sector needs to be well-positioned to support Malaysia’s economic transformation towards a more innovative, sustainable and digital future, an expert said.

MyFW 2022 will feature more than 100 speakers including the nation’s Finance Minister, BNM Governor, United Nations development programme administrator, editorial board and editor-at-large chairperson as well as industry leaders.

The main conference will feature a combination of keynote addresses, tech talks, panel sessions and fireside chats on pertinent issues affecting Malaysia’s future financial and economic landscape. This includes climate resiliency, the future of money and emerging technologies. There will also be opportunities for businesses to access support for growth and innovation on Days 4 and 5. Among others, start-ups can schedule one-on-one consulting sessions on regulatory and compliance issues.

At the same time, small and medium enterprises (SMEs) and businesses can access dedicated channels of support covering issues such as SME digitalisation, talent, and funding and investments. MyFW 2022 accelerator programmes will also feature 15 innovations aligned with the Sustainable Development Goals, with live demos on Day 4.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.