Bank Negara Malaysia (the Bank) announced today the establishment of a Financial Technology Enabler Group (FTEG), which will be responsible for formulating and enhancing regulatory policies to facilitate the adoption of technological innovations in the Malaysian financial services industry.

The FTEG is part of the Bank’s commitment to support innovations that will improve the quality, efficiency and accessibility of financial services in Malaysia.

The FTEG is a cross functional group and will be led by Encik Aznan Abdul Aziz, who is the Director of the Financial Sector Development Department in the Bank.

The FTEG will also serve as the Bank’s dedicated contact point for financial technology (fintech) related queries including on regulatory matters related to the adoption of fintech in the financial services industry.

The FTEG is contactable at [email protected]