The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.
The Fintech Association of Malaysia has been admitted to the APAC RegTech Network, making it the first new member of the Network since it was formed earlier this year.
The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore on 30 May 2019 – an initiative to enhance cross-border collaboration on regtech education and implementation across the Asia Pacific region.
The admission of the Fintech Association of Malaysia was announced at the Fin/SUM Fintech and RegTech Summit in Tokyo on Friday (6 September).
“We are thrilled to have Malaysia join our fledgling APAC RegTech Network, which is already showing concrete and promising progress, such as meeting together here at Fin/SUM, Japan’s premier fintech and regtech summit,” said Brian Tang, co-chair of the RegTech Committee of the Fintech Association of Hong Kong, the oldest of the regtech committees, in operation since 2017.
“The power of collaboration leveraging each other’s strength and exploring opportunities is what make this network amazing. We are still very young and certainly look forward to working closely with our Malaysian counterpart,” said Chionh Chye Kit, chair of the RegTech Sub-Committee of the Singapore FinTech Association.
Under the initiative, the four regtech committees will jointly convene regular meetings, and increase dialogue and information exchange to combat financial crime.
Three of the regtech committee chairs are chapter authors of The REGTECH Book, for which launch events will be held at both Hong Kong Fintech Week and the Singapore Fintech Festival in November.
Brad Maclean, co-founder of Regulation Asia, is also a chapter author of the REGTECH Book.