Malaysia's 2023 Fintech Frontiers Awards: Celebrating Innovation and Achievement in Fintech

Published 6 months ago

The Malaysian fintech sector recently celebrated its success and innovation at the 2023 Fintech Frontiers Awards, an event organised by Fintech News Malaysia. The event was more than just an awards night; it was a vibrant confluence of ideas and collaboration.

The Importance of the Event

The gathering was a blend of celebration and engagement for the regional fintech community, offering attendees a chance to exchange views, share their journeys, and discuss the evolving fintech landscape in Malaysia. The event celebrated key players who made significant strides in the regional fintech sector, following nominations from the public and a month-long public voting period. A panel of expert judges then scored the finalists based on a set of qualifiers.

Celebrating Excellence in Fintech

The winners of the awards represented a diverse range of fintech verticals. Robo-advisory Stashaway was recognised as the Top WealthTech Startup, while Razer Merchant Services claimed the accolade for Top Payments Startup. Funding Societies Malaysia emerged as the Top Lending Startup, and CapBay Islamic was honoured for its work within peer-to-peer Syariah-compliant supply chain financing, being named the Top Islamic Fintech Startup.

PolicyStreet, which has had a dynamic year of growth providing digital insurance solutions, was named the Top Insurtech Startup. Paywatch, specialists in earned wage access and payroll, clinched the Top ESG Startup award, emphasising the importance of environmental, social, and governance factors in today’s financial landscape.

Recognising Rising Stars and Influential Figures

Direct Lending was identified as the Top Rising Star of 2023, reflecting its swift growth and evolving influence in the industry. Sam Shafie’s efforts through pitchIN earned him the title of Ecosystem Builder of the Year, recognising his key role in creating a thriving fintech ecosystem.

Ungku Liza of Boost Life was honoured as the Female Leader of the Year, underlining the crucial role women play in fintech leadership. Wong Kah Meng from Funding Societies Malaysia was bestowed with the Founder of the Year award, recognising his commitment to innovation in the fintech space.

Fintech of the Year

Touch ‘n Go eWallet was named the first-ever Fintech of the Year, thanks to its range of user-centric solutions and widespread adoption.

The awards were followed by the inaugural Fintech Frontiers Conference Malaysia 2023, offering attendees insights into current trends, industry-specific challenges, and promising opportunities in Malaysia’s fintech sector. The conference boasted a lineup of speakers who are at the forefront of fintech, including visionaries, policymakers, and influential investors.